THE IMPACT OF MICROFINANCE CREDIT ON AGRICULTURAL PRODUCTIVITY IN NIGERIA

0
291

CHAPTER ONE

INTRODUCTION

1.1 Background to the Study

In most developed countries, subsistence has been directly or indirectly linked to agriculture. According to the Food and Agriculture Organization (2016), more than 60% of the world’s population rely on agriculture as their main source of livelihood. About 75 percent of the world’s poor live in rural areas, and 86 percent of them earn money in agriculture (ECG, 2011). Maintaining a good crop is important for all of these people. Recently, the growth of agriculture has slowed down. Growth of the world’s essential nutrients is approximately 1% per annum (FAO, 2009a), while the recent growth rate of the world’s population is approximately 1.2%. Land is a rare commodity; Land expansion can not be achieved in many developing countries (ECG, 2011).

As a result, the only solution would be to increase agriculture to meet the future food needs of growing people. Due to insufficient land for arable land and integration, modernization of agriculture in many parts of the world may result in faster-than-large-scale agriculture. grow. Therefore, developing more and increasing strategies and resource savings are important goals as well as diversification (Dixon et al., 2001). The discrepancy between the actual benefits of most crops and the actual crops suggests that there is a greater potential for increased food and crop production through efficiency (Zepeda). , 2001).

The FAO estimates that about 80 percent of growth in food production in developed countries is due to crop production, and that only 20 percent crops of the area (FAO, 2009c). Therefore, significant strikes are important not only to meet the growing demand for more crops, but also to further deforestation, damage to the planet. accidents and global warming. From supplies and needs, recreational farming can play an important role in industry (Johnston and Mellor, 1961). For example, agriculture has provided raw materials to industry and other industries and needs input from the modern world such as research and development. information technology. In terms of demand, high yields can increase the incomes of the rural population and thus increase the demand for local products (Dethier and Effenberger, 2011).

In this way, it has the potential to create a seamless connection between agriculture and modern industry, create new jobs, and improve urban and residential incomes. Additionally, food security is among the challenges facing the world community. Food security refers to the situation when “everyone has to adapt their diet, lifestyle and lifestyle to an active, healthy lifestyle that meets their physical, health and economic needs at all times” (FAO, 2010) Olon. People think of it as a simple human right, but thousands of people all over the world, especially in low-income countries in the food sector, continue to suffer from poverty and hunger (IEG, 2011). Most of these people live in rural areas and rely on agriculture to meet their daily needs and livelihood. In this sense, improving the rural economy is often an important tool for reducing poverty, improving food security and improving rural living through the use of sustainable crops (Pinstrup-Andersen, Pandya-Lorch, 1998).

Another important factor in food safety is longevity. This means that cooking should be done not only for future generations, but also to order. The reality is that the average annual crop growth rate in the world fell from 2.42% in 1974-82 to 1.78% in 1982-90 (Rosegrant et al., 1995).) The leading rate in Asia is 2.62-1.66%, and in China 4-6.%. It shows a similar picture of other crops, such as corn, wheat, sorghum and other staple foods (Pinstrup-Andersen, 1994). Food security and food security benefit from many physical, social, economic and political factors, both nationally and internationally (Chang and Zepeda, 2001). In addition to infrastructure and infrastructure development, there is a need for several key economic sectors, population growth, population change, rapid urbanization, and revenue generation. In terms of support, agriculture can play an important role in supporting world food supply (Rosegrant, etc., 1995).

DOWNLOAD COMPLETE PROJECT