THE PROBLEMS OF BANKING HABITS OF THE RURAL COMMUNITIES

ABSTRACT

This research work is intended to do analysis of rural banking habits f the rural communities of the Nigeria and to analyze the various problems militating against the successful implementation of the rural banking awareness from the central bank annual report and statement of account 1999. Survey conducted it was revealed that the country is under banked.

In this work, some plausible recommendations that will assist the monetary authorities in fashionry out practicable and attractive incentives for the banking ensuring the achievement of the objectives of the programmed will be made.

The third chapter of this shows the research design and methodology.

The chapter four of this talks about the summary of findings of this topics

Finally, chapter five comprises of conclusion and recommendation of this topic and the bibliography. I hope that this project will be of benefit to The Problems of Banking Habits of the Rural Communities in Nigeria.

CHAPTER ONE

1.1 Introduction:

Since July 1997 which marked the official beginning of the rural banking programme for commercial banks, the economy of Nigeria has gone, through several changes each government continued policies it considered relevant banks have in recent times been confronted with challenges and they have called for introduction of one reform or directives so as to put it with our present economic realities. This role is about what should be the proper function of banks in the transformation of Nigeria alien economy. It is n this regard that the rural banking programe of commercial banks came as measure that will ensure effective grass root mobilization this resulted in settling up the Okigbo financial system review committee in 1976. This most important recommendations of the committee excepted by government include:

That banks should actively facilitate the transformation of the rural environment by promoting the rapid expansion of banking habits by the rural communities or committees. They will provide saving deposit facilities for their customers and there by help to mobilize rural funds outside the banking system. This served as a revenue for creation of credit in rural areas which will be in the form of equity and loan for small scale farmers, co-operative societies and entrepreneurs.
That bank lending policy in the past been in favour of short term lending, that they should allow the medium and long tern lending so as to give the long time instrument enough time to mature.
That banks should identify with national objectives. They maintained that decision making of banking should be localized.
That banks should be base a significant portion of their profit to improve the quality they offer.

The most striking of these recommendation was on the view that rural banking programme of commercial bank should be established and that banks should allocate specific loan port-folio to their rural bank customers.

The rural banking programme of commercial bank was introduced with objectives and incentives.

The development of banking habits among rural dwellers.
To curb the excesses in crude banking practice such practice expose money to termites and render central bank monetary policy effective.
To provide an institutional agency to mobilize rural fund.
To improve agricultural production and the growth of allied industries by extending necessary credit to those sectors whose sources of credit to emanates from the local money lenders.
Diversification of rural economy in particular and the National economy in general.
Others include the pegging the rural-urban migration with the hope of reducing urban unemployment.

1.2 Incentive Use For The Programme.

To ensure its smooth take off some incentive were outlined to innovated banks. The incentives are:

Waving the requirement for feasibility report as a pure requisite for the establishment of a rural branch.
Allowing the banks the monopoly of providing banking services in their allocated centres for a period of two years starting from the day of opening.
Allowing banks to write-off the capital cost of erecting office banks and staff quarters with in a period of three years.
Exclusion of loans and advanced granted during the first two years to existence in the complication of:-
Growth rates of loan and advances.
Ration of adjusted capital to loans and advances.

Infacts, as at 1989 monetary policy guideline the rural banks

were recruited to grant a minimum of 45% deposited taken from rural centres as loan to such centres. The first community was established in 1989 by Ibrahim Babangida.

1.3 The Statement Of Problems.

The essence of this study is to identify such key variable both endogenous and exogenous that affects that effective development of banking habit in Nigeria. The basic problem is inadequacy of infrastructural facilities in the rural communities.

Savings and investment moves in the same direction current investment is a function of accumulated savings rather, the death or our low level of economic activities have drastically reduced the propensity to save. The poor rural farmer considers satisfaction of the basic biological (needs as important priority). This low level of income has reduced the deposits available to the rural banks and subsequent liberation of credit to genuine small-scale farmers.

The competitive rule of the non-institutional credit scheme −

local money lenders have continued to attract many farmers. The rural dwellers feel highly dissatisfied with the performance of the banks in terms of giving loans. Thus, they resorted to patronizing these grasping money lender. To challenge the activities of these local money lenders, banks have to develop appropriate strategies so to enhance the banking habits of the rural dwellers.

Banking in rural communities is facing the problem of skilled and courageous personnel. Infact, banking in Nigeria is fastly becoming dynamic and competitive. The banking need to have a change of orientation towards their rural customers to survive highly sophistical financial environment, bank should aim at understanding like needs (buying habits) or their customers.

Management should develop a philosophy of marketing concepts as to make its operation customer oriented. The attitude of staff will pay a great role in enhancing the banking habits of the rural people only if they adopt a new approach in tackling the problem of the rural customers.

It is an obvious fact that rural communities illiteracy rate is considerably high. There is a lack of practical knowledgement of modern in our banks. The rural dwellers are not well enlightened as to the usefulness of banking as obtained in advanced perpetuation of the under developed state of the rural areas that make up Nigeria.

Incessant quarreling amongst communities have creasingly contributed in polarizing the sitting of these banks. The problem of location has caused many rich customers to be disenchanted and this decided to changed to other banks of their choice. To ensure the realization of developing rural banking habits, location of any bank should give preference to economic variable like lavational convenience before political consideration.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …

Procedure for Downloading the PDF (Docx) Material

The Problems of Banking Habits of the Rural Communities can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.

Seminar Material Cost
₦3,000

Project Material Cost
₦5,000

Request Complete Material

Click here to request the Complete Material via WhatsApp including;

Preliminary Pages,
Chapter 1-5,
References and Appendix.

TABLE OF CONTENTS
PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Introduction
⋮
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.2 Conceptual Review
2.3 Theoretical Framework
⋮
2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Population of Study
3.4 Sampling and Sampling Technique
3.5 Validation of Research Instrument
3.6 Method of Data Collection
3.7 Method of Data Analysis
3.8 Questionnaire Administration
3.9 Ethical Consideration
3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
4.1 Introduction
4.2 Presentation and Analysis of Data
4.3 Re-statement of Research Questions
4.4 Test of Hypotheses
4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Introduction
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendation
5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”

Disclaimer for Complete Material Utilization
The displayed research work titled "The Problems of Banking Habits of the Rural Communities" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.

Frequently Asked Questions (FAQ)

Can the material for “Effects of Displacement on Student Performance” be used as a guide for Education Project?

Yes it can be used — The study scrutinizes the Effects of Displacement on Student Performance in Some Selected Secondary School in Balanga Local Government Area of Gombe State. In achieving this aim, the following specific objectives were laid out to study the impact of displacement of the educational and academic performance of Secondary School Students, examine the reasons for students’ poor performance in Secondary School and assess the impact of displacement and militancy on self-efficacy and motivation level of the students in Balanga Local Government Area of Gombe State. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 150 (one hundred and fifty) respondents were selected for this study …

Is the topic “Solid-Phase Extraction of Nickel (II) Ion by Studying the Effects of Sample Volume on Coated Silica Gel and Production of Schiff’s Base (BHPDE)” recommended for Science Laboratory Technology (SLT) Project?

Yes it is highly recommended — Bis-(4-hydroxypent-2-ylidene)-diaminoethane(BHPDE) is a Schiff base resulting from the condensation of pentane-2-,4 dione and 1,2-diaminoethane.Solid-phase Extraction of Ni (II) ion by column method in the pH range 1- 12 have been studied in trichloromethane using bis-(4-hydroxypent-2-ylidene)-diaminoethane(BHPDE). Ni (II) ion extraction using 2% BHPDE in CHCl3 is sufficient or abundant in the pH of 4.0. The aqueous BHPDE shows a maximum absorption at 320nm. The Ni (II) ion complex has maximum absorption at 375nm. The acid dissociation constants of H2B (BHPDE) are obtained by titrating with 0.179 M NaOH and are found to be pka1D = 11.55 and pka2D = 11.5 corresponding to the formation of HB- and B2 respectively. Pka1D and pka2D share the same value since H2B (BHPDE) has two protons …

Can the material for “A Syntactic Analysis of the Use of Auxiliary Verbs in Office Documents” be used as a guide for English Language Project?

Yes it can be used — This study is specifically concerned with the syntactic analysis of the use of auxiliary verbs in office documents by writers of office documents using Ibrahim Badamasi Babangida (IBB) University,Lapai Niger State and the interpersonal meanings, and the various interpretations deduced from the use of the English auxiliary verbs in the office documents using as a case study from selected departments in Ibrahim Badamasi Babangida University, Lapai,Niger State.The study aimed at identifying which auxiliary verbs are more wrongly used by writers of office documents in IBB University, Lapai and also highlighting the context to which writers of office documents misuse auxiliary verbs. The extent to which some office documents in IBB University, Lapai convey wrong information due to wrong use of …

Can the material for “Social Vices in Contemporary Nigerian Poetry Images” be used as a guide for English Language Project?

Yes it can be used — As a result of social vices in our immediate environments this research work aims at bringing out how contemporary writers have reacted to the bad happening in the society, especially using Denja Abdullahi’s Mairogo and Jide Balogun’s The Desert in the river using sociological theory to investigate social vice that were present in the two texts and it is discovered that poetry is used as a means of achieving an egalitarian society. …

Can the material for “Students’ Conceptions of Three - Dimensional Organic Molecular Structures in Chemistry” be used as a guide for Education Project?

Yes it can be used — The study was conducted to identify students’ levels of conceptions of three-dimensional (3-D) organic molecular structures in Chemistry, in senior secondary schools (SS III) in Agbani education zone of Enugu State. Three research questions and two null hypotheses guided the study. Descriptive survey research design was employed for the study. The population for the study was 660 students comprising of 341 males and 319 females. Multi- stage sampling techniques were used to sample 310 respondents. The instrument for data collection was a diagnostic test to identify students’ levels of conceptions (DTISLC) in 3-D organic molecular structures. To ensure the validity of the instruments, the instruments were face validated by two expert from Chemistry Education and two experts from Measurement and Evaluation, …

Is the topic “Computer Based Test (CBT) Timetable Scheduling System” recommended for Computer Science (CS) Project?

Yes it is highly recommended — Computer Based Test (CBT) timetable scheduling is the planning of CBT examination time and duration, exam venue and exam date between teachers and students in a prefixed time period (typically a week), satisfying a set of varying constraints. The aim of the study is to design and implement a Computer Based Test (CBT) Timetable Scheduling System. In achieving this aim, the following specific objectives were laid out to develop a CBT system that automatically schedule CBT time table and generates exam numbers for students and design a CBT system with real time processing of results for candidates. The motivation that led to the implementation of the proposed system is that the existing paper based test is overwhelming, they include but …

Can the material for “Assessment the Degree of Effectiveness of Outsourced Facility Management in Nigeria Oil and Gas Firms of the Downstream Sector Using User Satisfaction Indices” be used as a guide for Estate Management (EM) Project?

Yes it can be used — The Oil and Gas industry continues to struggle in finding a balance between rising global demand, diminishing known resources and in maintaining manageable distribution and operating costs. While mergers and consolidation continue, oil and gas management are determining other approaches to recover their base lines. One particular measure is to include business process outsourcing (BPO) in their operational mix. The aim of this study is to assess the degree of effectiveness of outsourced facility management in Nigeria oil and gas firms of the downstream sector using user satisfaction indices. The specific objectives are among others; to identify FM services that are most outsourced in Nigeria’s Oil and gas firms; to identify the relative importance of factors that influence users’ satisfaction …

Can the material for “A Stylistic Analysis of a Selected Campaign Speech of President Goodluck Jonathan” be used as a guide for Linguistics and Communication Project?

Yes it can be used — Language and style are the basic modes of communication and information. They centre on words and utterances and focus beyond these two aspects, that is, words and utterances. Stylistics is based mainly on the interpretation of texts from a linguistic perspective. A stylistic analysis of the selected election campaign speech of President Goodluck Jonathan is carried out in this research. The data used in this work to illustrate the stylistic effects on speech is the Campaign speech of President Goodluck Jonathan. The five stylistic devices identified in this research are the main elements used to prove our claim. Finally, we found that each of these elements functions well enough to contribute to the effective use of words in speech delivery. …

Can the material for “Production of homemade carrot oil and its benefits” be used as a guide for Science Laboratory Technology (SLT) Project?

Yes it can be used — The purpose the research work is to examine the Production of Homemade Carrot Oil and Its Benefits. In achieving this sole aim, the following objectives were set out to; determine the benefits of homemade carrot oil, and provide adequate information about carrot oil usage, to avoid nausea, vomiting, abdominal cramps, diarrhea, and convulsions as a result of breast feeding babies. Carrot oil should never be used during pregnancy as it may cause uterine contractions and, in rare cases, miscarriage. The use of carrot seed for contraception and abortion has long been recorded in the historical medical literature, although the practice is considered unsafe and strongly advised against today. Its effect on breastfeeding babies is unknown and should be avoided. If …

Can this topic “Mothers’ Perspectives of Female Genital Mutilation” be used for Nursing (Science) Project?

Yes it can be utilized for research — The purpose of this study was to find out mothers perspectives on female genital mutilation (FGM) among the Maasai community in Kenya. The aim of the study can be used in utilizing the research result when planning education programs in preventing female genital mutilation. The research was carried out in co-operation with a local village which is situated in South-West Kenya, and West from Nairobi, the Kenyan capital city. Qualitative method was used to implement this study. Data was collected by interviewing four mother´s aged between 20-35 years of age, who had young daughters. The interviews were conducted between December 2010 to February 2011. The data collected was analysed by using content analysis. The results of this study revealed that the mothers …