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 1.1Background of the Study 1.2Statement of the problem 1.3    Objectives of the Study 1.4Research Questions 1.5Research Hypotheses 1.6Scope of the Study 1.7Operational Definition of terms 1.8Limitations of the Study. 1.9Organization 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