ROLES OF COMMERCIAL BANK IN FINANCING AGRICULTURAL PROJECT IN ENUGU STATE

INTRODUCTION In the immediate past decade and this present decade, there have been seminars, conferences, articles, Journals and various publications by both local, national and International Organizations on the sharp decline in Agricultural production on these various programmes, some of these workshops, conferences and seminars include the followings: -The 13th Annual workshop of the South – West Research Extension Farmers impute Linkage system (REFILS) helped at the Institute of Agricultural Research and Training (I.A.R.T), Moor plantation Ibadan in March 2000 with topic “Adaptive Research and Method in Agriculture”.   -An Annual conference Organized by Agricultural Extension society of Nigeria (AESON) held at university of Ibadan Conference Society of Nigeria Centre, Ibadan on 10 – 12 April, 2000.        They emphases on the need to promote agricultural production to reduce the unguided population explosion which is at  geometrical progression (G.P) while Agricultural production was only growing in an arithmetical progression. These seminars, workshops, conferences also reminded the populace world wide of the impending danger posed by the continuous deforestation practices of our forest reserve, bush burning overyrazury, continuos coming and other environment gradation hazards.  They panted out little or on concerted effort are made in replacing the deforested areas. They called on the need to embark on a national forestation scheme and forest conservation In Nigeria, there bad been various campaigns for to inhabitants nationally to plant at least one tree crop in his vicinity annually (tree planting compaign) All these would have been uncalled for but for the indispensable role played by agriculture in Nigeria economy, justly this project work, Agriculture sector in developing and under – developed countries. It provides foods required for the teeming population in both the rural land populace. It also provides raw materials for our agricultural industries like Cotton to our textile industries.  Agriculture provides employment for about 60% of the labour force in developing countries. Agriculture also provides incomes to individuals, states, and the nation, to the peasant farmers and traders aluce. It provides money as income and means of live holds to the farmer who sells this farm wares to the populace. To the states, like Enugu state the cashew plantation at Ohhe not only provides raw materials to industries but also provide income to the state government and to the nation, it provides a means of export, thereby learning foreign exchange and consequently reducing the chorus balance of payment deficit prevalent in these region. 
REVIEW OF RELATED LITERATUREAccording to Adegeye and Dittojh (1980) , “Agricultural finance is concerned with Agricultural contribution and share of the national or state resources as well as the role of individual banks and other financial institution played in the financing of Agriculture as a sector of the economy. This can be in the form, of providing fund for the farmers or providing farmers input such as seedlings, machinery’s storage facilities etc, intended by both the farmer and the lender to either increase the   wealth of the farmers, to provide agricultural   export and consequently foreign exchange, it is equally meant to supply food and raw materials for the teeming population and agro – allied industries respectively.          
FINANCING OF AGRICULTURAL PROJECT IN DEVELOPED COUNTRIES 
In the developed countries of the world, like United States of America (U.S.A) Britain and Germany, Agricultural finance means more than we think here in Africa Agricultural Financing involves the economic study of financing the farm business. The developed economic see it as involving both farmers and non farmers use a fund as well as determination of the sector or place to use funds in the farm business. Murray and Ndson (1960) Went on the attribute the phenomenal growth in capital requirements in agriculture and as steadily declining number of farms that resulted from tremendous strides in technology. According to them, few commercial banks, farmers operated with finance and this made it possible for these farmers to take advantage of new include, good seeds, fertilizer livestock and labours, all of which contributed greatly to the success of the farmers.