THE ROLE OF FINANCIAL INSTITUTIONS IN AGRICULTURAL DEVELOPMENT (1990-2015) A CASE STUDY OF NIGERIA
TABLE OF CONTENTS
APPROVALÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â i
CERTIFICATIONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ii
Dedication                                                                                                                  iii
Acknowledgement                                                                                                     iv
Outline page                                                                                                              v
Abstract                                                                                                                     1
CHAPTER ONE
INTRODUCTION
1.1Background to the study.                                                                                   2
1.2 Statement of Research Problem.                                                                          2
1.3 Research Questions                                                                                             3
1.4 Objectives of A Study.                                                                                        3
1.5 Statement of the Research Hypothesis.                                                               3
1.6 Scope of A Study.                                                                                                           4
1.7 Significance of A Study                                                                                       4
1.8 Limitation of the Study.                                                                                      5
1.9 Definition of Terms                                                                                             5
CHAPTER TWO
LITERATURE REVIEW
2.1 Theoretical Background.                                                                                      7
2.3 Agricultural credit policies                                                                                   9
2.4  Bank Credit for Agricultural Development.                                                        11
2.5 The Role of Parastatals in the Development of Agriculture in Nigeria.             11
2.6 Commercial Agriculture Credit Scheme (CACS)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 13
2.7 Bank of Agriculture Limited (BOA).                                                                         16
2.8 Assessment of Banking Industries Development of Agriculture ,Future Expectation.           17
2.9 Extension Research and Rural Development Strategies In Aid Of Agricultural.           20
2.10 Importance of Credit Facilities In Agriculture                                                         21
2.11 Constraints of the Nigerian Agricultural Sector                                                       21
 CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction                                                                                                              23
3.2 Research Design                                                                                                        23
3.3 Population of the Study                                                                                           23
3.4 Sampling Design                                                                                                       23
3.5 Methods of Data Collection                                                                                    23
3.6 Method of Data Analysis                                                                                        24
3.7 Sources of Data.                                                                                                       24
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Introduction                                                                                                               25
4.2 Educational level of respondents                                                                             25
4.3 Level of Operation                                                                                                  26
4.4 The Analysis of roles of financial institution in Agricultural Development           26
4.5 Test of Hypothes                                                                                                   31
 CHAPTER FIVE
SUMMARY OF FINDING, CONCLUSION AND RECOMMENDATION.
5.1 Summary of Findings                                                                                           37
5.2 Conclusion                                                                                                           38
5.3 Recommendations                                                                                                39
REFERENCESÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 43
APPENDIXÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 45
Abstract
This study examined the role of financial institutions in agricultural development.( A case study of Nigeria Agricultural Cooperative and Rural Development Bank) with a view to make useful suggestions and recommendations as way of enhancing the development of agricultural sector. The population of the study includes large and small scale farmers and the sampling method adopted for the study is the stratified random sampling in order to ensure adequate representation of the population. In order to achieve the objective of making useful suggestions that would improve the agricultural sector, a number of hypotheses were made and tested. Samples of one hundred and eighty responses were collected and analyzed using the chi-square (ײ).It was discovered that bank credit loan scheme is making some impacts in lending loans to farmers. The result also showed that farmers prefer informal to the formal sources of finance mostly because of the demand of formal institutions that farmers most present collateral security. Finally, the study also indicated that the problems facing agricultural financing.
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CHAPTER ONE
INTRODUCTION
1.1Â Â Â Â Â Â Background to the study.
Nigeria is endowed with natural resources, large fertile arable land, wide range of crops, and abundant water resources amongst others. Despite its abundant natural resources it is faced with a poor food situation. The poor food situation is traceable to the decline in the agricultural sector. The problem of feeding is increasing by the day. However, several efforts are being made to improve the standard of living.
