Lesson Notes By Weeks and Term - Senior Secondary 1

Term: 3^rd Term

Week: 12

Class: Senior Secondary School 1

Age: 15 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Economics

Topic:-       Instruments of business finance II

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

1. List and explain the problems of business finance in Nigeria

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION	TEACHER’S ACTIVITY	STUDENT’S ACTIVITY
STEP 1 INTRODUCTION	The teacher reviews the previous lesson on instruments of business finance	Students pay attention
STEP 2 EXPLANATION	She lists the problems of business finance in Nigeria	Students pay attention and participates
STEP 3 DEMONSTRATION	She explains some problems of business finance in Nigeria	Students pay attention and participate
STEP 4 NOTE TAKING	The teacher writes a summarized note on the board	The students copy the note in their books

 

NOTE                        

PROBLEMS OF BUSINESS FINANCE IN NIGERIA

1. Interest rates: high interest rate discourages borrowing while low interest rate encourages borrowing.
2. Collateral security: most borrowers do not have collateral security (landed property, building), and therefore, cannot borrow money.
3. Lack of awareness: some businesses are usually not aware of the existence of loan facilities in banks.
4. Bureaucracy(red tapism): Bureaucracy which is involved in the procurement of loan does lead to non-disbursement of loans to business owners as at when needed.

 

EVALUATION:    1. List and explain the problems of business finance in Nigeria

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively