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A Statistical Study On The Effects Of Agricultural Loans On Farming Activities In Nigeria
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1.3. Significance of the study
A major significance of this study is to know the level of success in assisting farmers in the rural areas.
Another
significance of the study is to know if there is a relationship between
increased governments financial assistance and the level of their
productivity. The following are the other significances of this study:
a) How are loans disbursed?
b) What are the causes and effects of default in loan repayment?
c) What methods have the bank developed in recovering their loans?
d) What are the problems faced by farmers in obtaining this loans and what is their attitude towards repayment?
e) Do farmers generally like assessing these loans?
f) To know how successful agricultural financing has been in recent years and reasons.
g) Does adequate agricultural funding increase employment?
h) how does agricultural loans increase farming activities.
1.4. Scope and limitation of the study
This
study is basically on the effect of agricultural loan on farming
activities in Nigeria a case study of ohaofia local government area of
Abia state. Another scope of the study is to know how agricultural loan
in Nigeria has a relationship to employment and finally to know the
level of satisfaction of the end users of this loans.
Limitation
It
is pertinent to mention the limitations of this research work, chief
among the limitations is the difficulty in administering the
questionnaire in ohaofia local government area, respondents response
wasn’t as expected in that they were some information required that
weren’t given.
Notwithstanding, in the highlighted limitation above,
it is hoped that this research will be useful to the Nigerian
government, its citizens, farmers and agricultural organizations that
may be interested in this work.
1.5. Definition of terms
Loan: Money that an organization such as a bank lends and somebody or group of people borrows.
Agriculture: The science or practice of farming.
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