CHAPTER ONE
INTRODUCTION
The Nigeria agricultural and cooperative bank (NACB) was established in 1973 to help in the development of country’s economy through providing agricultural aids as well as provide finance and assisting the formers and cooperative societies. The needs for financing some of these agricultural project brought about the establishment of the Nigeria agricultural and cooperatve bank (WAB) in 1973 which after inception marked a dynamic change in providing credit faculties to the farmers and finance for industrial processing and marketing of agricultural product. They also serves as a national bank in development of agricultural in Nigeria as a way of improving the Nigeria economy. The bank developed especially for the purpose of credit delivery to agricultural sector through. The loan is made available to clients to enable them purchase excess crops during harvesting seasons. This practice has eliminated wastage and served as incentive to farmers to produced more crops. The duration of the loan is between a and 21 months. The Nigeria agricultural cooperative bank was established to produce financial and other logistic support to agricultural sector but they could not achieve the purpose.
