THE ROLE OF COMMUNITY BANKING IN THE ECONOMIC DEVELOPMENT OF NIGERIA
This project was a through research into the role of community banking in the economic development of Nigeria. Its cardinality is to investigate the performance of community banks and to what extend they her contributed in the economic development of Nigeria especially in these rural areas they was established. It also endeavoured to verify empirically the prudent management of these community barite and profer suggestions on how improvements can be made to ensure the envisioned returns on investment and contribution towards the economic well being of the nation are achieved. Writing the linct of the analysis carried out it was observed that community bank have may pr0blems facing than due to the following reasons.
The research work equally proffered suggestions to cushion, ameliorate and remedy the tainted situation such suggestion are.
a. Government should command the national board for community banks, to allow this community to expend and obtain loans outside community loose. Government double organize an intensive training scheme for the community banks. This fill help these banks acquire trained staff.
TABLE OF CONTENT
CHAPTER ONE
1.0 Introduction
CHAPTER TWO
2.0 Review of related literature
CHAPTER THREE
3.0 Research design and methodology
CHAPTER FOUR
4.0 Summary of finding
CHAPTER FIVE
5.1 Conclusion
CHAPTER ONE
1.0 INTRODUCTION
BACKGROUND OF STUDY
When God created man, the lest man with divine injection as recorded in the holy file. Be fruitful and multiply and replenish the earth and subduing the word as a mega society and the rural areas as a micro society of the overall good of man economically, politically and socially and other.
The British Government has declared a protectorate over areas claimed by the company in 1887. Their on January, 1900, it took over direct administration of the area from the Royal Niger company.
In (1973) Nigeria continued in the march towards development in every fact of life as a new emerging nation in the West African region and y October, 1960, she was granted an independence statues. To crown the whole stickle of had already made, she granted a republican status in1963.
To grapple with the attendant problems as an emerging nation and satisfy its citizen various development plains were launched or were introduced to accelerate economic development was introduced to run from 1962 to 1968 but was extended to 1970 in the account of the civil war. During his period it witnessed the construction of the Niger. Dan project well as the development of reads light industries such as textile, rubber and groundnut processing which used agricultural crop’s and the encouragement of agricultural in the form institution ad loans addressor 1976.
Most community header especially during the colourial time saw developments as more provision of schools, post officers loan halls churches, mosques good roads, portable water, electricity and telephone. However in the development process came to put more emphasis on the improvement in the “Material conditions and living (Ofman) through the use of resources available to him.
1.1 PURPOSE OF THE STUDY
The purpose of community banking in the economic development of Nigeria are;
This research work will be of invaluable assistance to industrial list, managers of financial institutions, small and medium scale industrials policymakers and other researchers in this field.
Some of the attendant benefits therefore include:
a. Industrialists, small and medium scale industrialists, will be able to see community banking system as another sources of financial at their deposition.
b. To the managers of financial institution.
1.3 SCOPE OF THE STUDY
This research work covers the following areas:
1.4 LIMITATION OF THE STUDY
The work has certain limitations which acts as constraints to the successful completion of the work.
i. The period of time written the work was to be completed
There was also the problem of finance.
1.5 DEFINITION OF TERMS
BANK: According to oxford dictionary, bank means an organization are place where 5th is stored ready for use a supply build up a bank of useful address references/information a blood bank a data bank.
REFERENCE
Adekanye, Femi (1986) Element of banking Nigeria.
Mabogunje Akin .I. National bank for (1992) community
banks 1992.
Erson .D. Economic of west African Zaria, Macmillan (1984)
publishers.
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