Get the complete project »
- The Complete Research Material is averagely 59 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
The study examines the role of commercial banks in Agricultural development in Nigeria, spanning from 1986-2010. The methodology used is ordinary least squares (OLS), using P.C give 8.00 package. The findings from the study support the view that commercial bank loans are not getting to red farmers. The commercial banks loan to Agricultural sector is positive and significant at 5% level, contributing 67.65 percent variations in Real Agricultural output in Nigeria. Real interest rate and real exchange rate are both positive, but not significant at 5% percent level. The positive real interest rate shows that Investments in Agricultural sector in Nigeria has a very high rate of return. The findings suggest that real interest and exchange rates should be properly managed and periodically received so as to promote the growth of the Agricultural sector.
1.1 BACKGROUND OF THE STUDY
Agriculture involves the cultivation of land, raising and rearing of animals and raw materials for industries. It involves cropping live stock, forestry, and fishing, processing and marketing of these agricultural products.
Food is man‟s most important basic need before those of clothing and shelter. It is provision therefore, has been the major concern of man from the past years since it is both an essential condition and sinequanon to life. Agriculture being the provider of food can then be concluded as the life wire of any nation and thus be concluded as the life wire of any nation and thus its importance cannot be over emphasized.
When Nigeria gained their political Independence in 1960, agriculture was dominant sector of the economy. It contributed over 65% of the country‟s Gross Domestic Product (GDP) and provided the bulk of the foreign exchange earnings through the foreign exports of the cash crops. The sector catered adequately for nearly all food requirement and raw materials
for industry in the country. Agriculture performs a number of functions in an economy such as:
1.2 STATEMENT OF THE PROBLEM
Nigerian agriculture is confronted with many problems which ranged from low yield to low productivity and inadequate facilities among others. Oyatooye (1981) was on the same path when he noted that the problem of agriculture in Nigeria can be discussed under four headings.
III. Finance and Government
Such problems include problems of providing adequate extension services, agricultural inputs, storage facilities, agricultural credit, marketing information and efficient marketing arrangement, infrastructures such as feeder roads efficient power supply and institutional reforms where
necessary. William (1981) pointed out that, the major problems facing Nigeria today are the needs to transform her agricultural industry from one traditional input with low productivity to one which enables her to meet the rising expectations of her people and to correct the social and economic
imbalance created by lopsided development between her rural and urban areas which have encouraged the youths and others to migrate from rural areas.
His statement is a valid one as when it was made from we have seen, the Nigerian economy is characterized by a high degree of rural to urban drift in search of greener pastures leaving the farm land to old aged men who are unable to provide all the food requirements of the growing population. This is responsible of the growing population. This is responsible for the high cost of food as there is pressure on the little produced.
Adekanye‟s assertion (1988) when he stated that: it is a common knowledge that present farmers and artisans who the back of the rural population do not get adequate and timely loans from financial institutions and they have no collateral and equally they do not get supplies of raw materials of standard quality even at the market place as they come under the ditches of rich farmers and sellers in the urban areas. The need for setting up of rural based commercial banks is very urgent.
1.3 OBJECTIVE OF THE STUDY
The main objective of this study is to assess the role of the commercial banks in agricultural development in Nigeria from 1986-2009. Specifically the study tends to be achieving the following objectives.
I. To access the scope and achievements as well as highlight new role of
II. Identify the inherent problems of agricultural financing which have
hindered the smooth flow of credit from banks to agriculture.
III. To offer solutions to identified problems.
1.4 HYPOTHESIS OF THE STUDY
The hypothesis guiding this study are of two type H0 which is the null hypothesis and H1 which is the alternative hypothesis H0 is that the Banking Industry has played an important role in agricultural development in Nigeria. H1: is that the Banking Industry has not played an important role in agricultural development in Nigeria.
1.5 SIGNIFICANCE OF THE STUDY
This study is useful in many ways.
Firstly, Nigerian farmers can know the type of credit or assistance offered by Nigerian Banking Industry and the benefit from them.
Secondly, it will help to update knowledge on how the banks especially commercial banks in Nigeria, thus making it useful for other researchers, schools and readers.
Thirdly, it will enable the Nigerian government to take advantage of the suggestions and more result oriented policy towards boosting agricultural production in Nigeria.
Finally, the salient findings of this study will also make the farmers to be more result oriented in agriculture.
1.6 SCOPE AND LIMITATION OF THE STUDY
Share a Comment
You can find more project topics easily, just search
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
1. THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON CUSTOMERS SERVICE DELIVERY (A CASE STUDY OF COMPLETE FOODS LIMITED,...» ABSTRACT The broad objective of this study is to evaluate impact of information and communication technology on customers service delivery (a case stu...Continue Reading »
52 pages | 58 hits | Source: ACCOUNTING
» ABSTRACT This study was intended to evaluate the effect of indirect taxation on consumption in Nigeria. This study was guided by the following objecti...Continue Reading »
52 pages | 195 hits | Source: ACCOUNTING
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Inventory planning is an extension of stores keeping, which has been in practice since the histor...Continue Reading »
52 pages | 93 hits | Source: ACCOUNTING
» CHAPTER ONE: INTRODUCTION 1.1 Background to the Study With the advancement of information technology, computer is considered to be one of the most pow...Continue Reading »
31 pages | 92 hits | Source: ACCOUNTING
5. ICT SKILLS, SOCIAL MEDIA USE AND SERVICE DELIVERY BY LIBRARIANS IN FEDERAL UNIVERSITIES IN SOUTH-WEST, NIGERIA» ABSTRACT Service delivery is the primary function of any university library. The cumbersome nature and the inadequacies of traditional library service...Continue Reading »
98 pages | 152 hits | Source: ACCOUNTING
6. APPRAISAL OF CREDIT CONTROL METHODS IN COMMERCIAL BANKS (A CASE STUDY OF FIRST BANK OF NIGERIA PLC,)» ABSTRACT The objective of this project work is to provide an insight on the method of credit control in commercial banks. The findings are based on th...Continue Reading »
52 pages | 141 hits | Source: ACCOUNTING
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study The preparation of stewardship report from the accounting point of view is the role of the manage...Continue Reading »
113 pages | 211 hits | Source: ACCOUNTING
» CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY The emerging global economic scenario characterized by advancement in information technology, rapid c...Continue Reading »
85 pages | 171 hits | Source: ACCOUNTING
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY A business whether small or big, simple or complex, private or public is created to provide goods...Continue Reading »
52 pages | 381 hits | Source: ACCOUNTING
10. THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) ON THE QUALITY OF FINANCIAL STATEMENTS (A CASE STUDY OF FIRST BANK PLC)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This study sets out to examine whether the impact of International Financial Reporting Standards ...Continue Reading »
72 pages | 185 hits | Source: ACCOUNTING