COMPLETE SCHOOL PROJECT TOPICS & MATERIALS :
CHAPTERS: Chapter 1-5
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THE ROLE OF COMMUNITY BANKS ON THE DEVELOPMENT OF RURAL COMMUNITIES
CHAPTER ONE
1.1 INTRODUCTION
This chapter is mainly concerned with the efforts at expanding the economic base of the rural area which are always backwards because of scarcity of and restrictive access to loanable funds. In solving the problem, previous government in their economic policies have lied on development banking and rural branch banking of orthodox banks. The word Community Banking is defined as a self sustaining financial institution owned by a community or a group of communities. Unlike commercial banks, community banks were established mainly to promote productive activities in the rural area. Specially, they are meant to facilities the programmes of directorate of food, roads and rural infrastructural producers.
Community bank has no other branch because it is established to operate within a community alone. It is well known that 75 percent of the country’s resource and ointment are in the rural areas. So our development project and programme can not achieve any appreciable improvement until this is focus on those rural areas.
1.2 BACKGROUND OF THE STUDY
The federal government of Nigeria 1990 budget speech decided to establish community bank in order to strengthen its programmes of grassroots economic development. The fundamental concept of a community banks is of a self-sustaining financial institution, owned and managed by a community for the purpose of providing credit deposit, banking and the service to its members. It is designed to ensure that a community may establish a community bank for the purpose of promoting rural development throughout the provision of finance and banking service improving the economic status of small scale producers both in the rural and urban areas, enhancing the rapid development of production activities especially in the rural economic growth in Nigeria.
A bank licensed under the community bank decree shall accept from persons various types of deposit including savings and time savings. Receive or collect money on behalf of its customers, operate equipment leasing facilities which is designed to ensure access of its customer to farm input.
THE ROLE OF BUDGETING IN PRIVATE SECTOR MANAGEMENT
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Budgeting is the most comprehensive management tool for planning and control in any organization. New management techniques which involve meeting the increasing complexities of business today in the society is budgeting, and many things, have been written and said about it in books, journals magazines and newspapers. In fact it attracts very much human material attention. These reasons make the need for this research into the role of budgeting in private sector management very pertinent.Budgeting is futuristic in nature. The further is subject to change while change is he only thing that is constant.
Therefore, any attempt to quantitatively state the future is an approximation and then budgeting is said to be free of emotion.
1.2 OBJECTIVE OF THE STUDY
This research is aimed at accomplishment of some objectives. It will examine and highlight the roles of budgeting and will also assess the impact of inflation and other unforeseen variables on the usefulness of budgeting in the private sector management in Nigeria.
To achieve these, the research has to:
a) Ascertain the role of budgeting in private sector management.
b) Ascertain the system of budgeting in private sector management.
c) Apprise the role of budgeting in situation of frequent erratic changes.
d) Analyze the impact of the role of budgeting in private sector management.
e) Ascertain whether budgeting accomplishes its practical roles in the private sector management.
General, this project is aimed at arising interest on the role of budgeting in private sector management in Nigeria. The aim is that enough consciousness towards budgeting will be awakened by this project to improve the effectiveness of the role of budgeting.
1.3 SIGNIFICANT OF THE STUDY
This term paper has varying level of significant various categories of its users and readers who may wish to reference it from time to time.One significant is that it forms of a major part of the final examination of the researcher for the award of national diploma in accountancy. It also affords the researcher a better understanding and application of he subject matte of “the role of budgeting in private sector management”. This project provides beneficial insight into the nature and role of budgeting to managers; accountants, bankers and even insurers. This will enhance effective budgeting in their respective organizations.It also provide material guide and will therefore be of immense benefit to anybody who may wish to undertake a critical review of this work and relative topics in future.
1.4 LIMITATION AND DELIMITATION OF THE STUDY
The scope or delimitation of this research is basically on the role of budgeting, system of budgeting and how the role of budgeting is feel in the private sector management. It is also on how to accomplish the practical roles of budgeting in the private sector management.
1.5 DEFINITION OF TERMS
The following terminologies are defined to reflect their meaning in this project.
1) Role: This means the functions and duty which a person or a thing performs or ought to perform or act.
bank in Nigeria banking system dates back to 1990 when the budget speech was delivered by the president commander in Chief of the Armed Forces, General Ibrahim Babangida.
Since then, each state of the federation now has a minimum of at least twenty (20) community banks. Even the federal capital territory has four (4).Community banks acts under the control of National Board for Community Banks (NBCV) and the Central Bank of Nigeria. National Board for Community Banks is established for monitoring promotion, development and general supervisions of the community banks.