THE ROLE OF COMMUNITY BANKS IN THE DEVELOPMENT OF BANKING HABITS IN NIGERIA: A CASE STUDY OF GWONG COMMUNITY BANK, FADAN KAGOMA
THE ROLE OF COMMUNITY BANKS IN THE DEVELOPMENT OF BANKING HABITS IN NIGERIA: A CASE STUDY OF GWONG COMMUNITY BANK, FADAN KAGOMA
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Date
2014-03-12
Authors
PETER, Bello Inuwa
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Abstract
For a' long time now there has been a growing need to
bring banking closer to the grassroots thereby inculcating a
sound banking habit within the grassroots population of the
country because of its numerous advantages. In this light,
concerted efforts like the rural banking scheme and the
peoples bank were evolved. The failure of the rural banking
scheme to actually inculcate banking, habits among the rural
populace of the country led to the introduction cf the peoples
Bank the inadequacies of which led to the introduction of a
community based banking scheme known as the Community
Banks. (CB). About four years now after its creation it is only
pertinent at this juncture to ask to what extent have the CBs
achieved the laudable objective of developing good banking
habits within the rural population of the country.
To find out what extent the CBs have succeeded in this
regards, a case study of Gwong community Bank Fadan Kagoma was
undertaken. Two structured questionnaire were idministered,
one to the banks management and the other to members of the
Gwong Community.
The findings revealed that the introduction of CBs has
indeed brought banking activities closer to the grassroots
thereby allowing them have close access to banking acilities
that were hitherto not available to them. In addition, the
CBs have generated a lot o interest and awareness on banking
activities thus steadily developing sound banking habits
within the rural communities of the country.
There is however, a wide gap between the level of
iterest and awareness generated by the CF activities and
actual patronage by members of the community, There is need
for CB management to evolve policies that will bridge such a
gap.
Description
SUBMITTED TO THE DEPARTMENT OF BUSINESS ADMINISTRATION
AHMADU BELLO UNIVERSITY ZARIA, IN PARTIAL FULFILLMENT
OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE
OF MASTERS IN BUSINESS ADMINISTRATION
Keywords
THE ROLE,, COMMUNITY BANKS, DEVELOPMENT,, BANKING,, NIGERIA, GWONG,, FADAN KAGOMA