THE ROLE OF NIGERIA AGRICULTURAL AND COOPERATIVE BANK (NACB) IN THE DEVELOPMENT OF AGRICULTURAL IN NIGERIA
ABSTRACT
The Nigeria agricultural and cooperative bank (NAXV) was established in 1973 to help in the development of the countries economy through providing agricultural aids as well as assisting the farmers and cooperative societies.
Initially, at inception of the bank, us resources consisted mainly of the federal government subscribed equity capital and statutory allocation from the federal government. But now, the resources are loans and advances from the government, loans from the international bank for reconstruction and development (IBRD), school falls from the agricultural credits guarantee scheme, loan from the domestic money market like the insurance company and other banking sector.
One of the major problem encountered by the Nigeria agricultural and cooperative bank is the lack of capital. Financing of cooperative societies through their internally generated funds have not been satisfactory because of the individual members of these societies (most of whom are living in rurual areas) are very few and poor. Hence, the society needs external sources of funds for financing their project.
The needs for financing some of these agricultural project brought about the establishment of the Nigeria agricultural bank (NAB) in 1973 which after inception marked a dynamic change in providing credit facilities to the farmers.
CHAPTER ONE
Introduction
1.1 Statement Of Problem
The Nigeria agricultural and cooperative bank (NACB) was established in 1973 to help in the development of country’s economy through providing agricultural aids as well as provide finance and assisting the formers and cooperative societies.
The needs for financing some of these agricultural project brought about the establishment of the Nigeria agricultural and cooperatve bank (WAB) in 1973 which after inception marked a dynamic change in providing credit faculties to the farmers and finance for industrial processing and marketing of agricultural product. They also serves as a national bank in development of agricultural in Nigeria as a way of improving the Nigeria economy.
The bank developed especially for the purpose of credit delivery to agricultural sector through. The loan is made available to clients to enable them purchase excess crops during harvesting seasons. This practice has eliminated wastage and served as incentive to farmers to produced more crops. The duration of the loan is between a and 21 months. The Nigeria agricultural cooperative bank was established to produce financial and other logistic support to agricultural sector but they could not achieve the purpose.
1.2 Purpose of study
- To evaluate the role of the WACB in the growth of the Nigeria agricultural sector to determine how the bank has improved the financial position of small and medium scale formers.
- The sources of the bank are supplied form the following sources.
- Equity capital by the federal government
- Statutory financial allocation from the government
- Loans from the government
- International financial market
- Short falls from commercial and merchant banks, which are passed on to WACB by the central bank as loans.
1.2 Rationale Of Study
- The production of feed for animal: Agriculture provide feed for the animal that turn the feed into animal protein for human consumption
- The foreign exchange earning: It help agricultural product form major export product in many countries especially the industrialized countries of African
- It help to provide income for the farmer and people are in one way of the other connected with agriculture
- Provision of employment: it helps to creates employment for million of people all over the world and also increase the percentage of people that engage in agriculture
- It also provide raw material for our various industry
1.3 Significance Of The Study
The people that will benefit from this work are as fellows farmers, exporter industry, this is because WACB are out to help people that deal in agricultural business so as to develop their business and as well as our country. Wacb are out to give technical advice to industrialist for example, they help new industrialist to know possible sources or raw material as well as possible markets for finished products.
Again they encourage exportation of Nigeria good by giving loans to viable exporting firm that need such assistance. Also they give long and medium term loan to prospective farmers and traders. The farmers who are substance will now from help of NACB grow to commercial farmers
1.4 Definition Of Terms
Short term loan:
Advances or capital granted to customers by banks which is usually due within one month to one year for repayment
Collateral:
This is security used in guaranteeing loan and credits
Small and medium scale farmers:
These are farmers that cannot operate on large .
Scale production:
They are mainly subsistent operators that are not use to sophisticated machines for farming
Capital:
This is referred to as money and other form of productive assets
Medium term loan:
Loan between short and long loan usually due within three to five ears for repayment
Long − term − loan:
Loan that will be due for repayment between five to thirty years.
On Lending:
This is an indirect form of lending to prospective borrowers.
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 Role of Nigeria Agricultural and Cooperative Bank (NACB) in the Development of Agricultural in Nigeria 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
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
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 Role of Nigeria Agricultural and Cooperative Bank (NACB) in the Development of Agricultural 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
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
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 Role of Nigeria Agricultural and Cooperative Bank (NACB) in the Development of Agricultural 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 “Design and Implementation of a Mobile Based Study Planner for Students” be used as a guide for Computer Science (CS) Project?
Yes it can be used — A study plan is an organized schedule that students create to outline time for study and learning goals. The aim of the study is to design and implement a Mobile Based Study Planner for Students. In achieving this aim, the following specific objectives were laid out to study existing study planner applications, design an android application that will help students efficiently manage their study time and To develop an android application that will provide an effective way for students to log their lecture days and times, and seamlessly add reminders to lectures which have tests and assignments. The motivation that led to the implementation of the proposed system is as a result of the problem of bulky, enormous and confusing …
Can this topic “Effect of Different Coagulant on the Production of Cheese from Soya Plant” be used for Food and Nutrition Project?
Yes it can be utilized for research — The study was carried out to determine the Effect of Different Coagulant on the Production of Cheese from Soya Plant. In achieving this aim, the following specific objectives were laid out to evaluate the effects of these coagulants on the yield, proximate composition, functional properties and microbial loads and investigate the factors affecting the different coagulant on the production of cheese from soya plant. Cheese (Wara), a locally made cheese contains nutrients of various types such as zinc, magnesium, calcium, Iron etc. Wara is a major food that provides calcium in humongous value. It’s of paramount importance to determine calcium content in Wara in order to monitor the recommended daily intake for infants and adults. The result revealed that different …
Can the material for “The Impact of Electronic Banking on Commercial Banks Operations” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — This study was on electronic banking and the purpose of carrying out this research was to assess the impact of electronic banking on commercial banks operations. In the review of related literature. I covered such areas as the meaning of electronic banking, origin of electronic banking the meaning of computers, the relevance banking products and its relevance to electronic banking. Finally, I talked on problem and solutions associated with electronic banking. My research design was on secondary data approach based on the findings of this study conclusions and recommendation were drawn. Finally, it is the intention of the researcher to provide a document which will apart from satisfying the academic requirement of the institute of management and technology (IMT) Enugu for the award of …
Can the material for “The Doctrine of Separation of Power in a Presidential System of Government” be used as a guide for Public Administration (PA) Project?
Yes it can be used — Presidential system of government is a system of government where the executive branch of government exist alongside legislature and judiciary which serves as watch dog. The objective of the study is to find out whether separation of power in Nigerian presidential system of government in the fourth republic help to improve or engender the protection OF civil liberty and freedom of citizen's in Nigeria. It was found out that the separation of power practiced in Nigeria does not guarantee civil liberty and freedom of citizen's in Nigerian fourth republic. …
Can this topic “Anti-corruption Policy and Democratic Consolidation in Nigeria” be used for Political Science Project?
Yes it can be utilized for research — The study investigates the Anti-corruption Policy and Democratic Consolidation in Nigeria using Muhammadu Buhari Administration 2015 to 2020 as a case study. In achieving this aim, the following specific objectives were laid out to investigate the relationship between Anti-corruption Policy and Democratic Consolidation in Nigeria, understand the factors that affect the process of consolidation of Anti-corruption Policy and democracy and show the implications of anti-corruption on democracy in Nigeria from 2015-2022. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 180 (one hundred and eighty) respondents were selected for this study to represent the entire population of the study. For null hypotheses were formulated …
Can the material for “Effects of Bank Failure in Nigerian Economy” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — The aim of the project is to provide information to the public on the “effect of bank failure in Nigeria” it is geared towards bringing to light some of the activities or services rendered by the banking industry bank failure causes and the effect to it. The project is made up of five chapters. The chapter deal with the interaction, this takes about the background information about the evolution of the banking system and bank failure. The seconding chapter deals with review of related literature in this topic high lighting different writing opinion concerning bank failure causes and bank depositors it also discusses the roles of banks in Nigeria economic development. More so the third chapter deals with the procedure and sources include …
Can this topic “Design and Implementation of an Online Restaurant Information System” be used for Computer Science (CS) Project?
Yes it can be utilized for research — Restaurant Information System is database program that keeps record of all transaction carried out in the restaurant on daily bases. The aim of the study is to design and implement an online restaurant information System. In achieving this aim, the following objectives were laid out to determine how computerized management information system has facilitated increase productivity, decrease paperwork, and ability to analyze trouble spots. The motivation that led to the implementation of the proposed system is that the use of manual method in keeping information in the system. So among the numerous problems associated with the existing system are; staff are spending far too much time chasing mistakes instead of tending to customers, sales going unrecorded, inventory doesn’t match your …
Can the material for “Causes and Remedies of Stealing Among Secondary Schools Students in Gwagwalada Area Council” be used as a guide for Guidance and Counselling Project?
Yes it can be used — Although stealing among adolescents appears to be fairly common, an assessment of adolescent stealing and its relationship to other behaviors and health problems is incompletely understood. A large sample of High School Students (n = 3,999) was examined by self-report survey with 153 questions concerning demographic characteristics, stealing behaviors, other health behaviors including substance use, and functioning variables, such as grades and violent behavior. The overall prevalence of stealing was 15.2 percent (95% confidence interval (CI), 14.8—17.0). Twenty-nine (0.72%) students endorsed symptoms consistent with a diagnosis of DSM-IV-TR kleptomania. Poor grades, alcohol and drug use, regular smoking, sadness and hopelessness, and other antisocial behaviors were all significantly (p < .05) associated with any stealing behavior. Stealing appears to be fairly …
Can the material for “Organizational Factors as Correlates of Science Students’ Academic Performance in Senior Secondary Schools” be used as a guide for Education Project?
Yes it can be used — This study primarily investigated organizational factors as correlates of science students’ academic performance in senior secondary schools of Lagos state. Variables such as teachers’ qualification, availability of laboratory facilities, utilization of school facilities, teacher-students attitude toward the teaching and learning of chemistry, teacher/student relationship were specifically considered to ascertain whether or not they have any relationship with students’ academic performance in chemistry. A correlational survey design was adopted for the study. A total number of 22 public senior secondary schools constituted the population while 550 respondents (500 students and 50 teachers) from ten of the schools randomly selected from Oshodi/Isolo local government area of Lagos state made up the sample. Data were collected using the “Organizational factors and science student academic …
Can the material for “Synergistic activity of sage leaf and antibiotics against typhoidal salmonella species” be used as a guide for Microbiology Project?
Yes it can be used — Salvia officinalis L. from the family Lamiaceae, is a worldwide cultivated aromatic herb that is endemic. Investigation reveals the following problems of the synergistic activity of salvia officinalis (sage leaf) and antibiotics against typhoidal salmonella species research work; improper evaluate of the synergistic activities of S. officinalis against typhoidal salmonella species, lack of proper information relating to the estimation of the total phenol content (TPC) and flavonoid content (FC) of S. Officinalis (Sage Leaf), and Improper investigation of the gas chromatography (GC) analysis conditions and disc diffusion method used during synergistic activities. The aim of the Study is to investigate the synergistic activity of salvia officinalis (sage leaf) and antibiotics against typhoidal salmonella species; In achieving this aim, the following …