THE ROLE OF THE NIGERIAN AGRICULTURE AND CO-OPERATIVE BANK IN AGRICULTURAL FINANCING (PROBLEMS AND PROSPECTS)

ABSTRACT The major function of the Nigerian Agricultural, co-operative, Rural and Development Bank is provision of loans and advances to individual and corporate farmers. However, there are series of reasons for the need for special funding towards agricultural sector. The agricultural sub-sector is saddled with peculiar risks, risks that can hardly be diversified; illiteracy and ignorance; culture; interest rate, etc Loan defaults occur when the borrowers can not meet up the repayment of principal and interest within the maturity time stipulated by the bank. Loan defaults have continued to increase tremendously, and it forms the major discouraging factor to the NACRDB in loan or credit extension. Furthermore, tin the course of financing agriculture the NACRDB is faced with series of problems. Such problems i9clude unsystematic risk, time lag, poor infrastructural facilities, loan diversion, slow rate of return, collateral, government policies, political instability etc. In other to identify these problems and the measures to solve such problems, the researcher made use of the secondary sources of data as well as partly, the primary source of data.
TABLE OF CONTENT Title pageii Approval pageiii Dedicationiv Acknowledgementv Abstractvi Table of contentvii
CHAPTER ONE  Introduction1 1.1Statement of problem2 1.2 Rationale of study2 1.3Definition of term3
CHAPTER TWO   Review of related literature5 2.1the concept of agricultural financing5 2.2Evolution of the NACB6 2.3Overview of the NACRDB7 2.4The need for Agricultural financing9 2.5Objective of NACRDB11 2.6Role of NACRDB12 2.7Lending Operations14 2.8Problems of Agricultural financing in Nigeria15 2.9Measures to prevent the problems of Agricultural financing in Nigeria.20
CHAPTER THREE 3.1Statement of Hypothesis21 3.2Research methodology22 3.3Sources of Data23
CHAPTER FOUR DATA PRESENTATION AND ANALYSIS24 4.1Data presentation24 4.2Data Analysis31
CHAPTER FIVE  Summary, Conclusion and Recommendation39 5.1Summary39 5.2Conclusion41 5.3Recommendation42 Bibliography43