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 for 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) and tested method. 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.
TABLE OF CONTENT
Title page - - - - - - - - - i
Approval page - - - - - - - - ii
Dedication - - - - - - - - iii
Acknowledgement - - - - - - - iv
Abstract - - - - - - - - - v
Table of Contents - - - - - - - vii
INTRODUCTION - - - - - - - - 1
1.1 Statement of Research Problem - - - - 3
1.2 Objective of the Study - - - - - 5
1.3 Scope of the Study - - - - - - 6
1.4 Significance of Study - - - - - - 6
1.5 Statement of Research Hypothesis - - - 8
1.6 Sources of Data - - - - - - - 9
1.7 Limitation of Study - - - - - - 9
1.8 Definition of Terms - - - - - - 10
References - - - - - - - 13
LITERATURE REVIEW - - - - - - - 14
2.2 Sources of farm Credit - - - - - 19
2.3 Agricultural Credit Policies - - - - - 20
2.4 Features of the Agricultural Credit Guarantee Scheme 22
2.5 Bank Credit for Agricultural Development - - 24
2.6 The role of parastatals in the Development of Agriculture
In Nigeria - - - - - - - 26
2.7 Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) - - - - 31
2.8 Assessment of the Banking Industry’s Development of Agriculture and Future Expectation - - - 35
2.9 Extension Research and Rural Development strategies In aid of agricultural development in Nigeria - - 41
2.10 Importance of credit facilities in Agriculture - - 45
2.11 Constraints of the Nigeria Agricultural sector - 47
Reference - - - - - - - - 50
RESEARCH METHODOLOGY - - - - - - 52
3.2 Research Design - - - - - - 52
3.3 Population of the study - - - - - 52
3.4 Sample design - - - - - - - 53
3.5 Methods of data collections - - - - 53
3.6 Method of data analyses - - - - - 54
References - - - - - - - - 55
4.1 Test of hypothesis - - - - - - 67
Reference - - - - - - - - - 76
SUMMARY RECOMMENDATION AND CONCLUSION - 77
5.1 Summary of Findings - - - - - - 78
5.2 Conclusion - - - - - - - - 80
5.2 Recommendations - - - - - - 82
5.3 General Policy Recommendations - - - 84
5.4 Prospects of agricultural financing in Nigeria - - 86
Bibliography - - - - - - - - 89
