AN APPRAISAL OF AGRICULTURAL FINANCING AND LOAN RECOVERY IN NIGERIA.

ABSTRACT The banking sector is a dynamic agent of economic growth, it is always the major focus of attention when formulating policies that would have for reaching effects in the economy. However, banks have failed to provide adequate end meaningful credit to agriculture, which is the core sector of the economy, but have instead concentrated in the area of general commerce. The problems of agricultural financing and loan recovery in a growing nation like Nigeria cant be over-emphasized. These problems are encountered by both financiers and farmers. (Mostly small scale formers) they have considerable effect on government policies and consequently on the nations economy. Some of the problems include:- High cost of loan (interest), late disbursement of loan, lack of adequate supervision and ineffective loan of recovery mechanism. More than 60% Nigerian population are farmers, yet Nigeria still import food for their citizens. This is due to the constraints facing agricultural development such as local unavailability of logistics and equipment, poor storage facilities, use of crude implements and lack of agricultural finance. As a result of all these, the federal government was motivated  in May, 1973 to incorporate the Nigeria agricultural and co-operative Bank (NACB) as an agent to develop the agricultural sector of the economy.
TABLE OF CONTENTS Cover page Title page Approval page Dedication Acknowledgement Abstract Table of contents
CHAPTER ONE 1.0Introduction 1.1Purpose of the study 1.2Significance of the study 1.3Scope and limitation of the study 1.4Definition of terms
CHAPTER TWO 2.1Government attempts to provide fund for rural farmers 2.2Problems of loan repayment 2.3Decline in agricultural production/ its causes 2.4Banks as middlemen in fund allocation 2.5Fund as the bedrock of any agricultural venture  2.6Guiding against risk 2.7Fasten decentralization programme
CHAPTER THREE 3.0Research methodology 3.1Area of study 3.2Source of data 3.3Primary source 3.4Secondary source 3.5Sample and sampling techniques
CHAPTER FOUR 4.1Findings 4.2Constraints of agricultural finance sourcing
CHAPTER FIVE 5.1Conclusion 5.2Recommendation Bibliography