THE ROLE OF COMMERCIAL BANK IN FINANCING OF AGRICULTURAL PROJECTS IN ENUGU STATE

ABSTRACT The role of commercial bank in financing of Agricultural project in Enugu State, is a topic so crucial that interested parties in the work are many. It is very vital considering the role of commercial bank play in financing of agricultural project in Enugu State in sustaining the economy. This creditable role being played by the above bank economy of Enugu  State and the position of agriculture in tdhe building of a virtue and a self reliant nation attracted the attention of the researcher. The instruments with which central the commercial bank in terms of agricultural loans were examined with credit guidelines which comes out every year, Central Bank of Nigeria specifies the minimum percentage of loan of agricultural sector. Secondly, the Federal Government of Nigeria and the CBN established the agricultural credit guarantee scheme fund by which farmers who receive loan under it are guaranteed by the CBN. The liability of CBN in case of default is up to 75 percent. This study tried find out whether the decline in agricultural output within the state has link with the absence of credit facility made available to farmers by commercial banks in financing of agricultural  project in Enugu State in doing the commercial bank with head office and area offices within Enugu State were selected by studies, because of size three local government areas were selected for study and they include Enugu North, Enugu East and South cluster sampling was used to select farmers on which questionnaires were administered. Also used in collecting data was interviewed method because there were some farmers that were not very literate. The data collected was used in testing the two hypothesis for the topic. The hypothesis included that carrying out feasibility study to Agric farmers fo not have any effect on commercial bank in financing of agricultural projects. In Enugu State: commercial banks do not respond adequately to farmers in financing need of agricultural project in Enugu State in testing the above hypothesis. It was also concluded that commercial banks do not respond adequately to farmers in financing need agricultural projects in Enugu State. Other minor issues in the research question in the project were weighted to percentages. In conclusion, commercial banks should be more encouraged to assist agricultural sector and appropriate staff expansion recommended for effective supervisions around both loan default and diversion in Enugu State.     TABLE OF CONTENTS 
Title pageii Approval page iii Dedication iv Acknowledgementsv Abstract vi Table of Contentsix
CHAPTER ONE 1.1Background of Study1 1.2Statement of the Study4 1.3Objectives of the Study4 1.4Purpose of the Study5 1.5Significance of Study6 1.6Limitation of the Study8 1.7Scope of the Study9 1.8Delimitations of the Study9 1.9Definition of the Terms10 References 11
CHAPTER TWO 2.0Review of Related Literature12 2.1The Meaning of Agricultural Finance12 2.2Financing Agricultural Project in Developed Country13 2.3Agricultural Finance in Nigeria as a Developing Country17 2.4Problems Facing Agricultural Project. Finance  in Nigerian Commercial Bank19 2.5Agricultural Financing in Enugu State25 2.6Evaluation of Commercial Banks Performance  in Granting Agricultural Loans25 2.7Sources of Agricultural Finance in Enugu State26 2.8An overview of the Federal Government  Assistance in Relation to Agricultural Finance 29 References34
CHAPTER THREE 3.0Research Design and Methodology37 3.1Sources of data38 3.2Location of data38 3.3Instrument of data collection39 3.4 Limitation of study39 References42
CHAPTER FOUR 4.1Research Finding43 4.2Discussion of Result44 Reference46
CHAPTER FIVE 5.1Summary of  Findings47 5.2Recommendations50 5.3Conclusion 53 Bibliography55 Appendix59 Questionnaires60