THE ROLE OF NIGERIA AGRICULTURAL AND COOPERATIVE BANK (NACB) IN THE DEVELOPMENT OF AGRICULTURAL IN NIGERIA

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ABSTRACT

The Nigeria agricultural and cooperative bank (NAXV) was established in 1973 to help in the development of the countries economy through providing agricultural aids as well as assisting the farmers and cooperative societies.

Initially, at inception of the bank, us resources consisted mainly of the federal government subscribed equity capital and statutory allocation from the federal government. But now, the resources are loans and advances from the government, loans from the international bank for reconstruction and development (IBRD), school falls from the agricultural credits guarantee scheme, loan from the domestic money market like the insurance company and other banking sector.

One of the major problem encountered by the Nigeria agricultural and cooperative bank is the lack of capital. Financing of cooperative societies through their internally generated funds have not been satisfactory because of the individual members of these societies (most of whom are living in rurual areas) are very few and poor. Hence, the society needs external sources of funds for financing their project.

The needs for financing some of these agricultural project brought about the establishment of the Nigeria agricultural bank (NAB) in 1973 which after inception marked a dynamic change in providing credit facilities to the farmers.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

Introduction

1.1Statement of problem and purpose of study

1.2Rationale of study

1.3Significance of the study

1.4Definition of terms

CHAPTER TWO

Review of related literature

2.1NACB lending to cooperative movement

2.2NACB role in financing agricultural project

2.3NEW approach to agricultural project financing

2.3NACB agricultural finance technique

2.5Source of funds of NACB

2.6 Operative and impact of NACB in the agricultural sector

CHAPTER THREE

Research design and methodology

3.1Hypothesis

3.2Method of data collection and analysis

3.3Sources of data

3.4Limitation of the study

CHAPTER FOUR

Presentation of data, analysis of data and discussion of result

4.1Data presentation

4.2Analysis of data

4.3Discussion of the result of the analysis

CHAPTER FIVE

Summary, conclusion and recommendation

5.1Summary

5.2Conclusion

5.3Recommendation

Bibliography

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THE ROLE OF NIGERIA AGRICULTURAL AND COOPERATIVE BANK (NACB) IN THE DEVELOPMENT OF AGRICULTURAL IN NIGERIA

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