A Performance Evaluation Of Rural Banks Credit Portfolios And Development In Irepodun And Oyun Local Government Areas In Kwara State

📄 Project Abstract

The stagnation or outright decline of rural production and hence the living standards of the masses residing at the rural space in Nigeria call for a number of deliberate policies and programmes. Formal institutional credit scheme amongst other programmes represent a potent strategy for effecting greater rural productivity; and this is articulated in Nigeria via Rural Banking Programme. The scheme was introduced in 1977 by way of master plan that involves the allocation of specific number of rural branches to be established by major commercial banks in the country. In order to ensure relevance and effectiveness, the monetary authorities in the country through credit guidelines require the operating banks to allocate and extend a minimum portion of their loan portfolios to priority sectors of rural economy. From the empirical study of commercial bank branches in Irepodun and Oyun L.G.As of Kwara State, the rural banking scheme was found to have failed to meet the expected loan requireme...