THE ROLE OF CENTRAL BANK OF NIGERIA PLC IN AGRICULTURAL FINANCE DEVELOPMENT PROBLEMS AND PROSPECTS

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ABSTRACT

The Role of Central Bank of Nigeria in Agricultural Finance Development, Problems and Prospects

The topic provide for conceptual frame work of the role played by the CBN in the development of Agricultural sector of the Nigeria economy as its primary purpose. Its secondary purpose is to assess the policies and program of CBN to the development of Agricultural Finance.

Data was collected from both primary and secondary sources. In the primary source I interviewed some farmers, officials of CBN while in the secondary data it was from annual time series of different duration on the program and policies of the institution.

The research showed the role played by the CBN in financing Agriculture in Nigeria by making funds available to farmers especially at the rural areas and granting of credit scheme funds to the farmers

Also the problem of ultracy by the farmers has posed a problem and government should make sure that extension workers are sent into the rural areas to educate the farmers.

TABLE OF CONTENT.

Title page ii

Approval page iii

Dedication iv

Proposal v

Acknowledgement vii

Abstract viii

Table of content. ix

CHAPTER ONE

Introduction 1

1.1 Background of the study 1

1.2 State of problems 7

1.3 Objectives of the study 9

1.4 Significance of the study 10

1.5 Hypothesis 11

1.6 Scope and limitation of the study 11

1.7 Definition of terms. 12

CHAPTER TWO

Review of Related Literature 16

2.1 Historical overview of Agriculture financing in Nigeria 17

2.2 The importance of Agriculture 19

2.3 Problems of Agriculture financing in Nigeria 20

2.4 The establishment of Central bank in Nigeria 22

2.5 The Major development programs and policies of

C.B.N in relation to Agricultural financing 26

2.6 The C.B.N and its objectives and functions. 39

2.7 The organizational structure of C.B.N

and its Agricultural finance development. 44

CHAPTER THREE

Research Design and Methodology 48

3.1 Research methodology 48

3.2 Research Design 48

3.3 Area of study 48

3.4 Sources of data 49

3.5 Method of investigation 50

3.6 Method of data analysis 51

CHAPTER FOUR

Data Presentation and Analysis 52

4.1 Introduction 52

4.2 Analysis of responses to questionnaires 52

4.3 Testing of Hypothesis 58

CHAPTER FIVE

Summary of Findings, Recommendation and Conclusion 64

5.1 Summary of findings 64

5.2 Recommendation 66

5.3 Conclusions 67

Bibliography 68

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THE ROLE OF CENTRAL BANK OF NIGERIA PLC IN AGRICULTURAL FINANCE DEVELOPMENT PROBLEMS AND PROSPECTS

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