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The Role Of Microfinance Bank Credit On Agricultural Development In Nigeria: (1980-2010)
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1.6 SIGNIFICANCE OF STUDY
Microfinance
services, particularly those sponsored by the government have adopted a
traditional supply led subsidized credit approach mainly directed to
the agricultural sector and other non-farming activities, but the effect
has short lived.
The Nigerian economy stands to derive lot of
benefits if concrete steps are taken to salvage the agricultural sector
opinions are divided as the actual benefit of microfinance policy,
regulatory and supervisory framework and how it can develop economy,
most especially the agricultural sector because it has grasps of the
challenges facing agriculture.
To the researcher, this work will
serve as an avenue to broaden my knowledge, as it places a challenge
that will expand my intellectual horizon by and applying various
economic tools analysis draw conclusion for future analysis. It is also
expected to serve as an impetus for further researchers in this area of
study. It should not be considered as an end to research and policy
making but as a guide taking into consideration of its limitation.
To
the government and its agencies, it looks at earlier policies designed
and why they failed. Therefore it is hoped that it will provide a useful
guide to policy makers in agriculture for steady and consistent
policies and programmes in terms of funding.
To the society, this
researcher’s work will create awareness of the microfinance services
that enables them engage in economic activities to be self-reliant,
increase employment opportunities, wealth creation, growth and
development. Finally, the salient findings of the study will also make
the farmers to be more oriented in agriculture.
1.7 SCOPE OF THE STUDY
The
scope of this research covers the period from 1980 to 2013. The period
is significant because a lot of measures were adopted following the
advert of crude oil and its collapse. That is pre-sap and implementation
and role in financing the agricultural sector.
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ABSRACT - [ Total Page(s): 1 ]This research work tries to investigate the role of microfinance bank on agricultural development in Nigeria using Nigeria as a case study. Using ordinary least square method, data collected were secondary data and the durbin-watson t-statistics were used in the regression analysis. The study shows that Microfinance bank loans have a positive impact on agricultural development in Nigeria. Based on these findings some recommendations were made, interest rate should be reduce to encourage farmers ... Continue reading---
