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Appraisal Of Obtaining Agricultural Credits/loans
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1.3 PURPOSE OF THE STUDY
The main aim of the this study
is to find the major problems of obtaining credit or loan for financing
agricultural production in Nigeria with particular reference to Edo
state. The objectives of the study are:
1. To identify the problem militating against adequate financing of agriculture.
2. To enumerate and analyze the agricultural credit granted to farmers in recent years.
3. To know how much the commercial banks have help in financing agriculture.
4. To look how agriculture has developed especially in Edo state.
5. To create awareness of the problem posed by agricultural financing inadequacies.
6. To investigate how these problems can be tackled.
1.4 SIGNIFICANCE OF THE STUDY
1.
This research study will be important to those future researchers in
economic and agricultural science who would like to use it as a
reference material or for further investigation.
2. This study is
to create awareness to farmers in Edo state, the reasons of low
agricultural production and also to bring to the notice of the general
public loans for financing agricultural production in the locality.
3. It will form a good basis to the government for the formulation of policies.
4. To serve as encouragement to those farmers in the area of study.
1.5 RESEARCH QUESTIONS
Some question to be tackled in the course of this study has been rise as follows.
1. Is collateral security a problem of obtaining credit from commercial banks?
2. Does high interest rate increase the incidence of bad debt?
3. Does educational background hinder the potentials of obtaining credit?
4. Is a credit facility accessible for small scale farmers?
5. Does bureaulrate process pose a lot of problem or obtaining loans to farmers?
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ABSRACT - [ Total Page(s): 1 ]The ever determining food production in Nigeria has prompted development or administration (military and civilian) both present and past to formulate programmed to ameliorate or arrest this situation. One of such programmed is the agricultural credit facilities scheme, which is being implemented through commercial banks. Sequel to this the researcher examined the problems of obtaining loan for financing agricultural production in Edo State ... Continue reading---
