THE ROLE OF THE NIGERIAN AGRICULTURE AND CO-OPERATIVE BANK IN AGRICULTURAL FINANCING (PROBLEMS AND PROSPECTS)

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ABSTRACT

The major function of the Nigerian Agricultural, co-operative, Rural and Development Bank is provision of loans and advances to individual and corporate farmers.

However, there are series of reasons for the need for special funding towards agricultural sector. The agricultural sub-sector is saddled with peculiar risks, risks that can hardly be diversified; illiteracy and ignorance; culture; interest rate, etc

Loan defaults occur when the borrowers can not meet up the repayment of principal and interest within the maturity time stipulated by the bank. Loan defaults have continued to increase tremendously, and it forms the major discouraging factor to the NACRDB in loan or credit extension.

Furthermore, tin the course of financing agriculture the NACRDB is faced with series of problems. Such problems i9clude unsystematic risk, time lag, poor infrastructural facilities, loan diversion, slow rate of return, collateral, government policies, political instability etc.

In other to identify these problems and the measures to solve such problems, the researcher made use of the secondary sources of data as well as partly, the primary source of data.

TABLE OF CONTENT

Title page ii

Approval page iii

Dedication iv

Acknowledgement v

Abstract vi

Table of content vii

CHAPTER ONE

Introduction 1

1.1 Statement of problem 2

1.2 Rationale of study 2

1.3 Definition of term 3

CHAPTER TWO

Review of related literature 5

2.1 the concept of agricultural financing 5

2.2 Evolution of the NACB 6

2.3 Overview of the NACRDB 7

2.4 The need for Agricultural financing 9

2.5 Objective of NACRDB 11

2.6 Role of NACRDB 12

2.7 Lending Operations 14

2.8 Problems of Agricultural financing in Nigeria 15

2.9 Measures to prevent the problems of

Agricultural financing in Nigeria. 20

CHAPTER THREE

3.1 Statement of Hypothesis 21

3.2 Research methodology 22

3.3 Sources of Data 23

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS 24

4.1 Data presentation 24

4.2 Data Analysis 31

CHAPTER FIVE

Summary, Conclusion and Recommendation 39

5.1 Summary 39

5.2 Conclusion 41

5.3 Recommendation 42

Bibliography 43

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THE ROLE OF THE NIGERIAN AGRICULTURE AND CO-OPERATIVE BANK IN AGRICULTURAL FINANCING (PROBLEMS AND PROSPECTS)

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