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Statistical Analysis Of The Role Of Micro-finance Bank In Agricultural Development
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CHAPTER ONE
INTRODUCTION
The project work is based on the
statistical analysis of the role of microfinance bank in agricultural
development in Nasarawa state.
A study cover three selected
microfinance banks, microfinance bank has played a vital role in the
financing of various agricultural development programme. According to
Schreiver and Columbet (2001) define microfinance as a development tools
used to create access for the economically active poor to financial
service.
1.1 BACKGROUND OF THE STUDY
Nasarawa state is one of the
seven state that make the north central geo-political zone and the north
central part of Nigeria, it has an inter-state boundary with Kaduna
state to the north federal capital territory Abuja to the west Kogi and
Benue state to the south Taraba and plateau state to the east its
capital Lafia.
Nasarawa state was originally part of northern region
in the three region structure of 1954. In 1967 with the creation of 12
federal states by General Yakubu Gowon’s military government it’s become
part of the Benue Plateau State. The 1976 military government of
General Muritala Muhammed create 19 states out of the existing 12
federal states and Nasarawa state was made a component of plateau state
1996 the military government of General Sani Abacha divided plateau
state into the present plateau state and Nasarawa state.
Many cities
and towns Lafia (Capital City) Akwanga, Dorna, Karu, Keffi, Nasarawa,
Nasarawa-Eggonand waund a land mass, location and population.
Nasarawa
state covers an area of 28, 735sq kilometers, it has a population of
1,863,275 (2006 census figures) with a population density of 65
people/sqkm its population make up 1.3% of Nigeria’s total population.
Original inhabitants and settlers early settlers of Nasarawa State
include the Magili people. The state takes its name from Nasarawa one of
its main town administrative structures:
(Administrative Military)
October 1996-August 1998. Baba Marde Administrator (administrator
military) August 1998-May 1999 AbdullahiAdamu(Governor Civilianmay
(People Democratic Party) 29 May 1999 May 2007 AliyuDoma
(Governor-civilian (People Democratic Party) May 2007- may 2011 Umar
TankoAlmakura (governor-civilian (congress for progressive change) may
2011-present.
Nasarawa state is almost entirely wood land savannah
and tall grass savannah agricultures is very important and the main
occupation of the people of the animal cassava, yam, rice, corn, genie
corn, beans, soya beans and millet are the major crops grown. Animal
husbandry is a significant commercial activities minerals form in the
state include state coals loonier, zinc, copper, columbite barite and
aquamarine.
Education: Nasarawa state has one federal university
Lafia, one state university Nasarawa state University Keffi and a number
of Polytechnics including college of Agriculture-Lafia the Federal
Polytechnic Lafia.
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ABSRACT - [ Total Page(s): 1 ]The study was undertaken in statistical analysis of the role micro-finances bank in agricultural development with the aim of establishing the role of micro-finance banks. Loans to peasant farmers in conjunction with the crop production. 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 th ... Continue reading---
