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The Role Of Agriculture Credit Guarantee Scheme Fund In The Development Of Agriculture
CHAPTER ONE -- [Total Page(s) 3]
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1.2 STATEMENT OF PROBLEM
Much of the increase in Nigerians
agricultural output in recent years has resulted from expansion of the
area under cultivation rather from increased productivity. Some of the
many problems militating against the agricultural sector have been
listed and discussed.
Infrastructure Problem
Which include the following
Poor
feeder road and inadequate road network between the rural areas where
agriculture production mainly takes place and the urban area
Lack of appropriate on-farm and off-farm storage facilities.
Irrigation facilities are still very poor despite the existence of
River Basin and rural Development Authorities (RBRDA) for instance in
Ogun state only 15 hectares of land were irrigated between 1997 and 1999
by Ogun-Osun RBRDA.
Manpower/Skill Underdeveloped Problems
The
extension services delivery system still suffers from inadequate number
of extension men/women. The few areas that are in place lack mobility to
improve on extension farmers while women extensionist are few to handle
gender issues.
Inadequate capital is a major problem hindering agricultural production.
Default in repayment of loan by peasant farmers who could not meet up with loan collateral requirement
Low income and poor provision of collateral ,security to qualify for credit worthiness
Government /Regulatory Policy Problems
There are numerous policies that are not supportive enough to
agriculture transformation E.G landAct ,importation tariff and
unproductive policies.
CHAPTER ONE -- [Total Page(s) 3]
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ABSRACT - [ Total Page(s): 1 ]Agricultural credit guarantee scheme fund was established to help farmers who have little or no collateral to get loans from commercial banks by CBN. It was the aim of this research work to find out if CBN has helped in developing cooperative activities in agricultural aspect through their giving of loan, grant, and other farm inputs. Chapter one contained great discussion of the origin and existence of this scheme (ACGSF), it also went further to state the problems to be studied, research quest ... Continue reading---
