THE CONTRIBUTION OF BANKING SECTOR TO AGRICULTURAL GROWTH IN NIGERIA
CHAPTER ONE
Introduction
1.1 Background of the Study
Every nation aspires to develop its urban and rural
areas. Policies are formulated to ensure the achievement of the overall development of the nation. For instance, in Nigeria reasonably number live in the rural areas and so the issue of developing the rural people in these areas in question are predominant farmers, who produce the highest percentage of the nations food and yet there is no significant development of the rural areas.
There are no good roads, electricity enough water
supply and other social amenities in recognition of these problems the various national development plans providing for the development of these areas. However, rural development has been given various interpretations by various Nigeria governments. During colonial administration, the attempt in developing rural areas were limited to those that benefits the colonial administration thereby making them up the more attention in building up the transport and communication system to enhance easier exploitation and movement of natural resources from the rural areas to the cities. The administration neglects the condition of the rural people who produce the bulk of these resources (Agricultural products).
Since independence, efforts have been made to correct this neglect. The various natural development plans formulated recognized that development of both the urban and rural areas will establish a solid base for long-run economic and social development of the country. However, the development of rural areas was interpreted to mean the development of Agriculture. Believe was that since the major occupation of the rural people is believed to be Agriculture, so the Government should develop the Agriculture as the case may be.
Consequently, such crucial problems of rural development such as good means of transportation, good means of communication, availability of vehicles to move rural people and their goods to the urban areas. Banking services were not provided in the rural areas, recognizing the importance of banking services in the rural areas, the Government in 1977 introduced the rural banking scheme to:
- Cultivate banking habit among the rural dwellers.
- Mobilize savings from rural areas for the purpose of channeling some to profitable ventures.
- Create credit by way of equity and loan for small scale industries.
- Develop agriculture and agro-allied industries in rural areas with a view to achieving the natural objective of the self sufficiency in food production.
- Reduce the uncomfortabilities of the young man and woman from the rural areas to the urban areas as regards transportations, mass production of agricultural product.
The Government’s effort on ensuring the development of the rural areas did not end in the establishment of recognizes that agricultural development has not necessarily mean rural development and has therefore recently formulated a national rural development strategy with emphasis on the alleviation of rural problems and the enhancement of the quality life for rural dwellers.
To implement this, the directorate of food and rural infrastructures (DFRRI) was established in 1986. It can be seen from the various efforts of the Government towards development of rural areas of the nation. A part from the infrastructural facilities, the banking services are needed in order to complete the development programme in rural areas which has failed to yield positive results because of many factors of which finance was the most important.
1.2 Statement of the Problems
People in the rural areas engage mostly in substantial farming thereby needing Government interest over the growth of Agricultural sector in the rural areas.
Contributions of banking sector lending towards rural development have been a subject of debate amongst prominent scholars. One school of thought was quoted as saying that stringent lending policies coupled with high lending requirements of banking sector was the major difficulties encountered in developing the rural areas. Okorie and Miller 2005 further argued that the impact of banking sector lending to rural development will remain a mirage until the bank address the minds of the rural dwellers towards the major problems of the rural populace.
Another school of thought has it that rural development is possible only through the banking sector participation more especially in lending to the rural populace.
However, certain problems of banking sector in rural lending may start to enlarge as we probe that assertion of each school of thought. Firstly, banking sector lending intention to the rural as often do not materialized for reasons ranging from unavailability of collateral, the inability of the borrowers to pay back.
Secondly, the rural banking services of the banking sector are only skeletal due to the absence of good roads and pipe borne water e.t.c.
Finally, the rural banking habit of the populace is to be cultivated since most of the inhabitants are ignorant of the services of the banking sector and help that could be derived from them.
1.3 Research Question
- Are there requirement for bank lending to the rural development as regards Agriculture?
- Does rural dweller develop interest in collecting loan from the bank as it is believed that the occupation of the rural dwellers is Agriculture?
- Does rural dwellers pay bank the loan collected from the bank?
- Does rural dweller agree with the provision of collateral as one of the requirements in Bank lending?
1.4 Significant of the Study
Rural banking services of the various banking sector are dynamic, rural support system need to stimulate the productivity of both small and large scale farmers, the entire economic activities of rural areas.
Rural dwellers have easy access to the services and operations of banking sector only are rural if rural branches are opened nearer to them. This can be possible by effectual and well co-ordinated rural banking services which can also help to arrest rural urban drift by encouraging farming in the rural areas which will hopefully lead to the development of Afro-based industries in such areas. As a result of this effort, employment opportunities are opened to favour unemployed citizens. Rural banking services can go a long way in mobilizing and organizing rural dwellers into efficient active co-operative groups and bring about communities by the active involvement of various communities where there are.
1.5 Scope and the Limitation of the STUDY
This study covers the entire contributions of banking
Sector lending in rural development with the case study of union bank Enugu and the extent of the availability and the inability to repay have contributed to the levels of lending.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Contribution of Banking Sector to Agricultural Growth in Nigeria (A Case Study of Union Bank, Enugu Branch) can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Contribution of Banking Sector to Agricultural Growth in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Contribution of Banking Sector to Agricultural Growth in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “The Role of Bank in Small and Medium Business Enterprise in Nigeria” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — The research study examines the role of commercial bank in financing small scale enterprises in Uyo, Akwa Ibom State. The primary purpose of the study is to examine how SMEs can be developed through the intervention of the banking sector. Descriptive research design was adopted. The population of the study is the entire SMEs in Akwa Ibom state and United Bank for Africa (UBA). Questionnaires were used as an instrument of primary data collection. Purposive sampling technique was used to select the sample; correlation analysis was employed using chi-square. Findings revealed that there is a positive correlation between loans grants by banks and the growth and development of SMEs in Akwa Ibom State also, that SMEs cannot be concentrated in …
Can the material for “The Effect of Poverty on Educational Development of the Citizens” be used as a guide for Public Administration (PA) Project?
Yes it can be used — Poverty has been a serious problem facing all society over the years. This paper critically analyses the conceptual problems associated with poverty over the education of the citizens. It also analyses the causes of poverty and the various programme put in place for poverty alleviation such as family economic advancement. (feap) and poverty alleviation programme (pap) and various forms in which government has interfered. The question is, how far have these programmes served as veritable instrument of poverty alleviation in the country? This paper suggests that even though these measures have not achieved much as poverty alleviation instruments because of their operations deficiencies, they are nonetheless good instruments that could be improved upon. This research also has found out that …
Can the material for “Design and Implementation of Exam-Time-Table Generating System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Exam Timetable Generating System is a software application that will computerize and deal with the allocation of examination halls and time of a specific academic course of study. The aim of the study is to Design and Implement an Exam Timetable Generating System. In achieving this aim, the following specific objectives were laid out to develop flexible and interactive examination scheduling software that enables automatic generation of examinations schedules for tertiary institution in Nigeria and develop a simple easy-to-use software which an individual with little or no idea of software application can interact with a great deal of comprehension. The motivation that led to the implementation of the proposed system is that, scheduling lectures and practical examination timetables for a large …
Can the material for “Redeeming the Public Image of Nigeria Police Force” be used as a guide for Public Administration (PA) Project?
Yes it can be used — Redeeming the public image of Nigeria Police Force is vital to police personal output and productivity. It has been observed that police personnel were not performing well. In view of the above, the researcher set out to see how to redeem the public image of Nigeria Police Force. Well structured questionnaire among other research instruments were designed and administered by using population to 120 respondents. The objective was to elicit answers that would reveal how to redeem the public image of Nigeria Police Force. The primary sources were complemented with secondary sources. As a matter of fact, the data collected were presented, analyze and interpreted in chapter four. The following findings were made; the Nigeria police force is performing their …
Can the material for “Effect of Administration of Codeine in Some Biochemical Marker in Rats” be used as a guide for Biochemistry Project?
Yes it can be used — Codeine is an opiate and prodrug of morphine used to treat pain, coughing, and diarrhea. It is found naturally in the sap of the opium poppy, Papaver somniferum. The aim of the study is to identify the Effect of Administration of Codein in Some Biochemical Marker in Rats. In achieving this aim, the following specific objectives were laid out to investigate the effects of codeine administration on some haematological and biochemical indices in rats and assess the toxic effects of different doses, including overdoses of codeine, on haematological parameters, biochemical changes and oxidative damage in the liver and kidney of rats exposed to normal, high and extreme doses of codeine orally for 28 days. Therapeutic dose (5 mg/kg/day), high dose …
Is the topic “Investigation Into the Attitude of Students Towards Business Studies” recommended for Business Education Project?
Yes it is highly recommended — Business Studies is that aspect of vocational education that focuses on the development of the students with the acquisition of skills needed to satisfy human wants, the attitude of students towards the subject should be studied both by the school counselors and business teachers in our secondary schools in order to help them to have right disposition towards those Business Studies subjects. The study was carried out to investigate the attitude of students towards business studies. In achieving this aim, the following specific objectives were laid out to examine the method teachers used in teaching students Business Studies, determine the student’s attitudes towards learning of Business Studies and investigate the necessary qualifications for teaching Business Studies. The problems in teaching …
Is the topic “Why Small Business Enterprises Survive in a Security Challenged Environment” recommended for Business Administration and Management (BAM) Project?
Yes it is highly recommended — This study was undertaken to ascertain why small business enterprise survive in a security challenged environment using Jos and environs as case study. Various attempts were made to show the impact and establish the relationship between small business enterprise and growth and development of the country as a whole. Related literatures were reviewed so as to give clear understanding of the subject under study. The hypothesis under the research shows that a security challenged environment may have an impact on small business enterprise taking cognizance of the scope as well as the limitations of the study. The use of secondary sources was adopted for data collection and analysis used in the study including the sample size. Finally, on the basis …
Can this topic “Effectiveness of Exclusive Breastfeeding in the Development of Under 5 Children” be used for Nursing (Science) Project?
Yes it can be utilized for research — The purpose of this study was to examine the effectiveness of exclusive breastfeeding in the development of children under-five in Benue State, Nigeria. To achieve this purpose, 10 hospitals were randomly selected using multi-stage sampling technique (simple random, stratified, and purposive sampling techniques). The data was collected using close-ended questionnaire. 500 questionnaires were distributed to nursing mothers who visited antenatal clinics in the randomly selected hospitals, from which 455 were duly completed and returned. Frequencies of percentages and cross tabulation statistics were used to answer research questions. Associations between demographic determinants and breastfeeding practices were analyzed using Chi-square statistics at alpha level of 0.05 to test the formulated hypotheses. The findings of the study, indicated high (99.8%) prevalence of breastfeeding among …
Can the material for “Nutritional Behaviour of Pregnant Women” be used as a guide for Sociology Project?
Yes it can be used — This study examines the implication of nutritional behaviour in pregnancy on maternal child health in Alimosho General Hospital, Igando. Pregnancy deserves planning because many practice and conditions of the mother that harm the developing fetus. The effect of maternal malnutrition on the course of pregnancy, the food pregnant woman eat serve as a mean source of nutrition for the baby and the event pregnant woman should avoid. Also the mean aim of the study is to know which diet and life style habit contribute to a successful pregnancy outcome and the changes that will occur in the body during pregnancy. However, method of data collection was well structure questionnaire divided into sections with sample size of 180 respondents. The finding …
Can the material for “Real Time Simulation of Traffic Control System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Real Time Simulation of Traffic Control System collect and analyze driving information of vehicles in the area, perform the optimal traffic signal control in accordance with the constantly changing road traffic situation, and provide useful traffic information to drivers based on the data collected. The aim of the study is to Design and Implement a Real Time Simulation of Traffic Control System. In achieving this aim, the following specific objectives were laid out to design and develop an application that will: identify, examine, daily signals, monitor problems associated with traffic control on the aforementioned junction, withstand high temperature, wind blow and rainfall, which affect the manual system that does the task, assume the computer screen as the point of traffic …