COMMUNITY BANKING SYSTEM AND THE PROMOTION OF RURAL DEVELOPMENT. RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
1.1. BACKGROUND OF THE STUDY
This project work has a basis on the identification of the roles of community banking system in the promotion of rural development in Nigeria.
At present, there are numerous community banks spread throughout the country. These banks with their services have tremendously enabled the government to fulfill its aims of catering in a controlled manner for the teeming population of the economically disadvantage people.
A survey of the operations of the community Banks in the country shows that the system is less technical and easy to understand by the rural populace, these has helped in the improvement of the banking habit of the entire rural citizenry.
So far, progress report from the National Board for community Banks, Central Bank of Nigeria, monitoring report and testimonies of customers of various community banks have confined that the system has tremendously fulfilled the promoting rural economic development through provision of financial and Banking services, rapid enhancement development of productive activities in the rural areas.