THE ROLE OF FINANCIAL INSTITUTIONS IN AGRICULTURAL DEVELOPMENT (1990-2015)

(A CASE STUDY OF NIGERIA)

By

EGUONYE TONNA OBIDIKE MATRIC NO: N0U131877995

Presented To

Department of Entrepreneur

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�”²).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