RURAL BANKING AND RURAL DEVELOPMENT IN KANO STATE
RURAL BANKING AND RURAL DEVELOPMENT IN KANO STATE
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Date
1988-11
Authors
BELLO, GARBA
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Abstract
The retarding effects which neglected rural development in Nigeria would continue to have effect on efforts to promote the country's economic development and the importance of rural development in the
overall development of the country cannot be over-emphasised. And one important aspect of the requirements for rural transformation
is the need for rural credit. Thus, rural credit must be recognised as an important pre-requisite for planning economic development. It is in recognition of this that the Central Bank of Nigeria inaugurated
the Rural Banking Scheme and since 1977 tied the approval for opening urban branches by commercial banks to concrete proposals
for opening rural branches. Unfortunately the commercial banks have not made good their pledges to open a rural branch after they have secured approval for urban branches. And even where they did open rural branches, the operations of such branches need much to be desired in terms of the provision of timely rural credit. This project analyses the operations of the rural banks as it relates to rural development in Kano State. In so doing, the operations of
the rural banks since the inception of the scheme in 1977 have been analysed by collecting data from both the operators and the beneficiaries of the scheme. This is with a view to identifying their degree of
effectiveness, efficiency and relevance as agents of rural development through the provision of the much needed rural credit.
In the course of the analysis, the Rural Banking Scheme objectives, modalities, implementation, and the circumstances under which the scheme was inaugurated with respect to the problem of agricultural
lending have been examined. Also, the complementary role of the Agricultural Credit Guarantee Scheme and the Stat Government expected role in fostering the scheme have been examined.
Description
A PROJECT SUBMITTED TO THE POST-GRADUATE SCHOOL AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION (M.B.A)
Keywords
RURAL, BANKING, RURAL, DEVELOPMENT, KANO, STATE