Brief Introduction
The Nigerian Agricultural Co-operative and Rural Development Bank (NACRDB) is a development finance institution, which was specifically set up to deliver credit to the agricultural sector of the economy. This is carried out through the provision of loans to individual farmers, cooperative organizations, limited liability companies, state and federal government agencies.
In addition, the bank provides financing by direct investment in the equity capital of major agricultural and agro-allied ventures, to enable them to raise funds/capital either locally or from abroad. The activities of the bank are geared toward assisting in improving the income and welfare of farmers, promoting rural development as well as increasing the nation’s output of food and cash crop to meet the needs of a rapidly increasing population (NACRDB 1989).
In 1981, the NACRDB smallholder farmer loan scheme (SHLS) was initiated on a pilot basis. By 1984, it was clear that the pilot scheme was a success in terms of both fund utilization by farmers for farming and loan recovery.
As a result of the economic hardship in which the country found itself in 1984, and which led to large scale retrenchments in both the public and private sectors of the economy, the bank widened the scope of its direct smallholder scheme to take care of retrenched workers who wanted to take up farming an occupation further to this, the widening of the scope also took care of those still in employment in both the public and private sectors but who were interested in farming (Ajakniye, 1989). During this period, the National Livestock Production Loan Scheme (NLPLS) was also established for the purpose of promoting and encouraging livestock production in the country.
Table of Contents
Title page – – – – – – – – – i
Approval page – – – – – – – – ii
Certification – – – – – – – – iii
Dedication – – – – – – – – iv
Acknowledgment – – – – – – – v
Table of content – – – – – – – vi
Abstract – – – — – – – – – vii
Chapter 1: INTRODUCTION
Background of the Study – – – – – – 1
Statement of the problem – – – — – – 7
Purpose of the study – – – – – – – 7
Significance of the study – – – – – – 8
Research questions – – – – – – – 8
Scope/Delimitation of the study – – – – 9
Definition of terms – – – – – – – 9
Chapter II: REVIEW OF RELATED LITERATURE
Financial Institutions in Agricultural Programmes – 11
Agricultural Financial Services – – – – – 14
He Nigerian Agricultural, Cooperative and Rural
Development Bank – – – – – – – 16
Agricultural Credit Guarantee Scheme Fund – – 19
Agricultural Credit Support Scheme – – – – 21
Summary of Review- – – – – – – – 26
CHAPTER III: RESEARCH METHODS
Research design – – – – – – – 30
Area of study – – – – – – – – 30
Population of the study – – – – – – 31
Sample size and sampling technique – – – – 32
Instrument for data collection – – – – – 33
Method of data collection – – – – – – 33
Validation and reliability of the instrument – – 33
Method of data analysis – – – – – – 34
CHAPTER IV
Data Presentation and Analysis – – – – – 35-48
CHAPTER V: SUMMARY OF FINDINGS, CONCLUSION AND
RECOMMENDATIONS
Summary of findings – – – – – – – 49
Conclusion – – — – – – – – 50
Recommendations – – – – – – – 50
Limitation of the finding – – – – – – 52
References – – – – – – – – 53
Appendix – – – – – – – – – 55
