THE IMPACT OF COMMERCIAL BANKS ON RURAL TRANSFORMATION IN NIGERIA. AN ASSESSMENT OF SELECTED BANKS IN NIGERIA

ABSTRACT

It could be affirmative to say that the index for

measuring any growing economy’s advancement is the extent to which its

industries both the large and small scale has been growing over time. It’s a

fact that none of these industries can grow without the required financial

assistance from financial institution. The main objective of this study is to

find out to what extent commercial banks have helped in the development of rural

Nigeria, for the period of 2005-2011. The secondary data used were GDP of

agricultural output (dependent variable) and independent variables were loans

and advances, lending rates and inflation rates, the data were collected from

CBN annual report and the bank’s annual financial reports for the study period

and were analyzed using ordinary least square regression and descriptive

statistics. The study’s findings indicate that rural transformation is

significantly influenced by loans and advances, but lending rates and inflation

rates have no influence on rural development. The study suggest that the

government should formulate more beneficial policies that will further

strengthen the roles played by these commercial banks for full development to cover

all rural areas of the federation.

CHAPTER ONE

Introduction

1.1 Background of the Study

1.2 Statement of the problem

1.3 Objectives of the Study

1.4 Research Questions

1.5 Research Hypotheses

1.6 Scope of the Study

1.7 Operational Definition of terms

1.8 Limitations of the Study.

1.9 Organization of the Study

CHAPTER TWO

Review of Related Literature

Conceptual Framework

Theoretical Framework

CHAPTER THREE

Research Methodology

CHAPTER FOUR

Presentation and Analysis of Data

CHAPTER FIVE

Summary, Conclusion and Recommendations

References

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