TABLE OF CONTENTS
TITLE PAGE i
CERTIFICATION ii
DEDICATION iii
ACKNOWLEDGEMENT iv
PROPOSAL vi
TABLE OF CONTENTS vii
CHAPTER ONE
- Introduction 1
1.1 Statement of the Problem 6
1.2 Objective of the study 7
1.3 Significant of the Study 7
1.4 Scope and Limitation of the Study 8
1.5 Research Methodology 9
1.6 Plan of the Study 9
1.7 Definition of Terms 10
1.8 The Roles of Commercial Bank in Agricultural Development 11
CHAPTER TWO
2.0 Introduction 15
2.1 An Overview Of The Agricultural Sector In Nigeria 18
2.2 Effort Nigeria Agricultural Found Cooperative Bank
Towards Agricultural Financing 19
2.3 Problem Of Finding Agriculture By Commercial Banks 20
2.4 Problems Arising From Government Policies 25
CHAPTER THREE
- Historical Background Of Union Bank Plc 29
- Organization Structure Of Union Bank 31
- Research Methodology 31
- Population Sample 31
- Methods Of Data Collection 32
- Methods of Data Analysis 33
- Limitations To Methodology 34
CHAPTER FOUR
- Introduction 36
4.1 Data Presentation and Analysis 36
4.2 Data Presentation and Analysis of Personal Data
of the Bank Staff 37
4.3 Analysis of Responses Received From Bank Staff 39
4.4 Analysis of the Responses to Question Directed to the
Customers Farms 42
4.5 Hypothesis Testing 48
CHAPTER FIVE
- Finding 52
- Summary 53
- Conclusion 54
- Recommendation 55
REFERENCES 56
CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND OF THE STUDY
In most development countries, like Nigeria agricultural sector is both the main traditional pursuit and key to sustained growth of the modern economy. Economic growth has gone hand in hand with agricultural production stagnation; in agriculture is the principal explanation of poor economic performance. While arising agricultural productivity has been the most important basis for successful industrialization. Among the roles conventionally ascribed to the agricultural sector in a growing economy are those of;
Providing adequate food for an increasing population supplying raw materials to a growing industrial sector, constituting then major sources of employment, earning foreign exchange through commodity export and providing for the product f the industrial sector.
Agricultural is thus seen as the backbone of the economy. Nigeria is a predominantly an agricultural economy and as long as she remains so the future of the sector in performing its role become important in the early 1950s agricultural play a crucial in our economic development as a nation.
It provided employment to millions of Nigeria and over seventy five percent {70%} of the labour force mostly from rural areas. In golden agriculture years, contribution from this sector accounted for about seventy percent [70%} of the Goss Domestic Product (GDP). Its percentage contribution however has fallen drastically in recent years due in part to boom in petroleum industry and the growth of industrial sector.
Having said all these, it is however unfortunate to say that the agricultural sector, despite its indispensability to the economic survival of the country is seriously affected by several predicaments which may under its contribution to the economy. One of the most predominant of them is that of the financial problem faced by the farmers. Much of the family holdings in Nigeria operate agriculture at small scale level.
The inadequate domestic food production was reflected in Nigeria’s massive food imports, especially in the 1970s to argument domestic supply.
To solve the financial problem faced by the framers commercial banks have crucial to play towards agricultural development in the nations economy. The commercial banks have to come to the aid of the extending credits to the farmers at reasonable rate of interested. They are also to provide them with essential consultancy programmes for better agriculture. Henceforth, theories of commercial banks remains paramount towards the development of agriculture in Nigeria, like every other developing countries of the world.
AGRICULTURAL DEVELOPMENT
In order to tackle some of the problem controlling the agricultural sector, the government put in place certain policies and programmes with a review of solving them. The genesis of those policies and programmes could be traced back to 1950s and 1960s when various credit institutions and programmes were established to support and finance agricultural development. Most important of these programmes include, Operational Feed the Nation [OFN] this was started in 1970 by then military regime as a mass enlightenment and mobilization campaign to raise agricultural output mainly through expansion of areas under cultivation. National Accelerated Food Production Programmes [NAFPP].Which was started in 1973 on a pilot phase but was extended to all state on the federation 1977 as a means to systematically build up national capacity for increase in food production through the development of a good package of technology other agricultural input and their integration with appropriate credit extension and marketing system.
Green Revolution Programme {GRP}: This was launched in 1980 by the defined National Party of Nigeria regime in the second Republic and was aimed at raising agricultural productivity through massive use of input such as fertilizer and improved seeds. Also the government has undertaken special project like the agricultural development project {ADP}, the Accelerated Development Area Programme {ADAPS}. The river basin and Rural Development Area Programme [ADAPS} as well as other measure both at federal and state levels to enhance agricultural production because of their realization of the numerous contribution of a highly developed agricultural sector could make the development of a highly developed agricultural sector could make the development of Nigerian economy. First and increase in export crop production should supplement out foreign exchange earnings. A successful attempt to bring agriculture to its pre-oil boom glory would strengthen our economy and reduce the risk of over dependence on crude oil alone, in addition it should always be born in mind that storage in food supply could and it has been experienced else where result in civil unrest and political crisis. It is unfortunate that despite all effort of the government to boost food production in Nigeria. The acute shortages of food supply still persist and this crisis situation is prevailing in the country.
Leave a Reply
You must be logged in to post a comment.