Contribution of Community Banks to Rural Economic Development. A Case Study of Ikpoba-Okha and Egor Local Government Area’s of Edo State, Nigeria

ABSTRACT Banking generally has been known to play significant roles in any economy including the Nigeria Economy. Since the inception of the First Bank in 1984, the country has witnessed tremendous growth. However, this development has been lopsided to the detriment of the rural areas. This necessitated the establishment of community Bank in 1990, by the central Bank of Nigeria. The idea of community banking was borne out of the desire of government to involve the grassroots in the socio-economic development of the nation, Mobilization of deposits, money creation through credit through credit allocation, administration of any payment system and intermediation between surplus deficits units of the economy. Community banking which is a self sustaining financing institution owned and managed by a community for the purpose of providing credit banking and other financial services to its member was envisaged to help. This include discipline banking habits among the rural population and generate credit from within the communities to enhance the development of productive activities and purposeful improvement of the economic status of the communities among other things. This gave rise to this research to carefully examine if community Banks have contributed positively to the economic development of the rural develops taking Egor and Oredo Local Government Areas as case studies, specifically the study will not only help in identifying the contributions of community Banks to rural economic development, but will also suggest and recommend ways or method of improving on the existing structure of community Banks. The contribution of community Bank to rural economic development. Since attaining independence, various fiscal and monetary policies have been enunciated with a view to attaining social and economic development.

TABLE OF CONTENT
CHAPTER ONE  INTRODUCTION
CHAPTER TWO  LITERATURE REVIEW
CHAPTER THREE RESEARCH METHODOLOGY
CHAPTER FOUR DATA PRESENTATION AND ANALYSIS
CHAPTER FIVE SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS BIBLIOGRAPHY QUESTIONNAIRES