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 (Ã-ÂÂ).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 CONTENTS APPROVAL i CERTIFICATION 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) 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 REFERENCES 43 APPENDIX 45
