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The Role Of Financial Institutions In Agricultural Development (1990-2010)
[A CASE STUDY OF NIGERIA AGRICULTURAL COOPERATIVE AND RURAL DEVELOPMENT BANK]
CHAPTER ONE -- [Total Page(s) 4]
Page 2 of 4
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STATEMENT OF RESEARCH PROBLEM.
According to Anyanwu Etal (1997:14)
‘’the agricultural sector has been recognized for a long time as an
important sector to Nigerian economy and development is one of the
crucial requirements for the overall economic growth. He noted further
that the decline in agricultural activities might appear natural in any
development process; it is obvious that in Nigeria agricultural
activities would remain the most important single sector for some time
to come. He emphasized that in the past, development planners have
introduce programs such as national accelerated food production project
(NAFPP), green revolution programs (GRP), in search for all appropriate
technique in order to increase farm output an d productivity and such
program have at one time been implemented.
In recognition of the
aforementioned that attempt is made in this study to provide answers or
solution to the research problems below.
1. What are the reasons for
continuous fall or decline in the production level of the agricultural
sectors of the Nigerian economy?
2. What actions can be taken to upgrade the current production level of the agricultural sector?
3. What effect does the decline in agricultural sector have on the human resources of the economy?
What measures have been taken in the past to redress the perceived slow growth rate of the agricultural sector?
How
and to what extent does the performance and commitment exhibited by
financial institution in general, Nigeria agricultural cooperation and
rural development bank (NACRDB) in particular in terms of providing
financial support influenced the activities of agricultural sector?
OBJECTIVES OF STUDY.
The
objectives of the study are to determine the role of financial
institution in agricultural development in Nigeria. This will
specifically include
1. To examine and evaluate the agricultural create it granted the farmers in recent years.
2.
To ascertain the effectiveness of credit granted by Nigeria
agricultural cooperation and rural deve3lopment bank (NACRDB) in the
achievements of the pre-planned objectives of the agricultural sector.
3. The study seeks to analyze the measures and program set by the government in a bid to enhancing the agricultural sector.
4. To determine the influence of these measures at accelerating the growth rate of the agricultural sector.
5. To establish and verify ways by which the agricultural sector can be improved in the future.
The study seeks to achieve the above system aims or objectives.
SCOPE OF THE STUDY.
With
the aim of examining how the financial institutions influence the
activities of agricultural sector, through their credit policies and
farm credit system, programs that have been established to review the
agricultural sector would be analyzed. A lot of sources for farm credit
have been and a number of them have failed to perform their pre-planned
functions. An example of such scheme is the Nigeria local development
board (NLDB).
Our point of focus in examining institution program and
scheme setup to upgrade the agricultural sector would be on Nigeria
agricultural co-operative and rural development bank (NACRCD).
CHAPTER ONE -- [Total Page(s) 4]
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ABSRACT - [ Total Page(s): 1 ]This study examined the role of financial institutions in agricultural development. A case study of Nigeria Agricultural Cooperative and Rural Development Bank, with a view to make useful suggestions and recommendations as way of enhancing the development of agricultural sector. The population for the study includes large and small scale farmers and the sampling method adopted for the study is the stratified random sampling in order to ensure adequate representation of the population. In order t ... Continue reading---
