AN APPRAISAL OF AGRICULTURAL FINANCING AND LOAN RECOVERY IN NIGERIA.

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ABSTRACT

The banking sector is a dynamic agent of economic growth, it is always the major focus of attention when formulating policies that would have for reaching effects in the economy. However, banks have failed to provide adequate end meaningful credit to agriculture, which is the core sector of the economy, but have instead concentrated in the area of general commerce.

The problems of agricultural financing and loan recovery in a growing nation like Nigeria cant be over-emphasized.

These problems are encountered by both financiers and farmers. (Mostly small scale formers) they have considerable effect on government policies and consequently on the nations economy. Some of the problems include:-

High cost of loan (interest), late disbursement of loan, lack of adequate supervision and ineffective loan of recovery mechanism.

More than 60% Nigerian population are farmers, yet Nigeria still import food for their citizens. This is due to the constraints facing agricultural development such as local unavailability of logistics and equipment, poor storage facilities, use of crude implements and lack of agricultural finance.

As a result of all these, the federal government was motivated in May, 1973 to incorporate the Nigeria agricultural and co-operative Bank (NACB) as an agent to develop the agricultural sector of the economy.

TABLE OF CONTENTS

Cover page

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

1.0 Introduction

1.1 Purpose of the study

1.2 Significance of the study

1.3 Scope and limitation of the study

1.4 Definition of terms

CHAPTER TWO

2.1 Government attempts to provide fund for rural farmers

2.2 Problems of loan repayment

2.3 Decline in agricultural production/ its causes

2.4 Banks as middlemen in fund allocation

2.5 Fund as the bedrock of any agricultural venture

2.6 Guiding against risk

2.7 Fasten decentralization programme

CHAPTER THREE

3.0 Research methodology

3.1 Area of study

3.2 Source of data

3.3 Primary source

3.4 Secondary source

3.5 Sample and sampling techniques

CHAPTER FOUR

4.1 Findings

4.2 Constraints of agricultural finance sourcing

CHAPTER FIVE

5.1 Conclusion

5.2 Recommendation

Bibliography

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AN APPRAISAL OF AGRICULTURAL FINANCING AND LOAN RECOVERY IN NIGERIA.

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