ABSTRACT
This study was designed to examine the impact of Development
Banks in Agricultural financing in Nigeria with special concentration on the
Nigerian Agricultural Cooperative and Rural development Bank (NACRDB) from
1996-2005.The following among others were the problems that prompted this
study, low productivity, lack of mechanization, misallocation of funds by the
bank, misappropriation of the funds by the farmers, inadequate funding on the
part of government and neglect of agricultural practices by most Nigerians. The
objectives of the study were, to determine the impact of development banks in
supply of agricultural finance, to determine the impact of agricultural output
on economic growth of the country. The following null hypotheses were
formulated to guide the study, development banks have contributed negatively to
Agricultural fmancing in Nigeria, there is no significant relationship between
Agricultural financing and the economic growth. However, other peoples work who
have worked on related subjects matter were reviewed. The study was mainly
based on secondary data collected from the CBN statistical bulletin volume 15
of 2005; with regression analysis for the testing of the hypotheses, using SPS
S package of computer programme. The study found out that, development banks
have contributed positively to agricultural fmancing in Nigeria, that there is
a positive relationship between agricultural financing and agricultural output.
The study also made some recommendations such as: development banks shall
always be maintained by government. Federal and states government should ensure
that there are markets for the sale of these agricultural products. The bank
should employ qualified agricultural staff for identification of viable
agricultural project and proper supervision of on-going projects so as to
inculcate the habit of using modem agricultural techniques to the farmers.
Loans from the bank shall be given to known and practicing farmers. There shall
be monitor team to examine the claims of the farmers.
ADIGHIBE, U (2021). Impact Of Development Banks In Agricultural Financing In Nigeria, (A Case Study Of Nigerian Agricultural Cooperative And Rural Development Bank (Nacrdb) 1996-2005). Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-development-banks-in-agricultural-financing-in-nigeria-a-case-study-of-nigerian-agricultural-cooperative-and-rural-development-bank-nacrdb-1996-2005-7-2
UCHENDU, ADIGHIBE. "Impact Of Development Banks In Agricultural Financing In Nigeria, (A Case Study Of Nigerian Agricultural Cooperative And Rural Development Bank (Nacrdb) 1996-2005)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 15 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-development-banks-in-agricultural-financing-in-nigeria-a-case-study-of-nigerian-agricultural-cooperative-and-rural-development-bank-nacrdb-1996-2005-7-2. Accessed 23 Nov. 2024.
UCHENDU, ADIGHIBE. "Impact Of Development Banks In Agricultural Financing In Nigeria, (A Case Study Of Nigerian Agricultural Cooperative And Rural Development Bank (Nacrdb) 1996-2005)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 15 Nov. 2021. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-development-banks-in-agricultural-financing-in-nigeria-a-case-study-of-nigerian-agricultural-cooperative-and-rural-development-bank-nacrdb-1996-2005-7-2 >.
UCHENDU, ADIGHIBE. "Impact Of Development Banks In Agricultural Financing In Nigeria, (A Case Study Of Nigerian Agricultural Cooperative And Rural Development Bank (Nacrdb) 1996-2005)" Repository.mouau.edu.ng (2021). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-development-banks-in-agricultural-financing-in-nigeria-a-case-study-of-nigerian-agricultural-cooperative-and-rural-development-bank-nacrdb-1996-2005-7-2