AN ANALYSIS OF ALLIED BANK OF NIGERIA PLC RURAL BANKING PROGRAMME. A CASE STUDY OF SAMINAKA AND GWANTU BRANCHES. (1989 - 1993)
AN ANALYSIS OF ALLIED BANK OF NIGERIA PLC RURAL BANKING PROGRAMME. A CASE STUDY OF SAMINAKA AND GWANTU BRANCHES. (1989 - 1993)
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Date
1994-08
Authors
ABBAS, ABDULRRAHAMAN MORA
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Abstract
The low level of economic activties coupled with the
viscious circle of low productivity and low income in our
rural areas forced the authorities to initiate some
rural based programmes so that some of the inadequacies which
are militating against rural development can be adressed.
One of the strategies employed by the Government in this regard
is the extention of banking services through the Rural Banking
Programme to the rural areas which were until recently denied
these essential services. The Rural Banking Programme is
expected to address the issue of rural credit, it is expected
provision of credit facilities to the rural populace will raise
rural productivity and income level thus reversing the viscious
circle trend that pervades the rural economy.
The rural banking programme in the country was iniated in
the year 1977. Some of the aims and objectives of the scheme
are, inculcating banking habit to the rural people, saving,
mobilisation and investing same in forms of loans and
advances to the rural people. The scheme which was implemented
in 3 phases have been able to record some success in achieving
the stated objectives of the programme
The project study examines the contribution and performances
of Gwantu and Saminaka Rural Branches of Allied Bank of
Nigeria PLC. In mobilising saving and investing same as credit
to the people of the two areas. The study also examines the
attitude of the people to the two branches.
The finvide of the study was able to reveal that the two
branches of the bank have been able to mobilise deposit and
the deposit trend has been showing growth. Similarly the
credit extention to the ruralites has been showing growth
but at slower rate compared with the deposit growth. This
findings confirms the hypothesis that rural bank can mobilise
deposit and provide credits to the rural people. The reseach
findings also confirm the hypothesis that rural banks enhance
rural productivity.
Finally the study reveals that credit is still a problem
in the rural economy despite the existence of rural banks.
The study was also able to reveal that greater percentage
of the rural population have not been sufficiently mobilised.
This finding is manifested even where there is the existence
of a rural bank . The local people still shun away from
the bank. Some recommendation were made to the authorities
so as to make the rural banks more effective and popular.
Some of the recommendations are re-activation of scheme
which seems to have been abandoned.
The Government should embark on publicity campaign among
the rural populace so as to creat more awareness. The
Government should continue to provide essential infrastructural
facilites in the rural areas. Processing of Certificate of
Occupany which is normally tendered as security for obtaining
of bank loan should be made easier. Priority should
be given to agricultural credit by the banks.
Description
A PROJECT SUMMITTED TO THE POST GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, IN PARTIAL FULFILLMENT
OF THE REQUIREMENTS FOR THE DEGREE OF MASTERS IN
BUSINESS ADMINISTRATION (MBA)
DEPARTMENT OF "BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY, ZARIA
AUGUST, 1994.
Keywords
ANALYSIS,, ALLIED BANK,, NIGERIA PLC,, RURAL,, BANKING,, PROGRAMME., CASE STUDY,, SAMINAKA,, GWANTU BRANCHES.