THE ROLE OF CENTRAL BANK OF NIGERIA PLC IN AGRICULTURAL FINANCE DEVELOPMENT PROBLEMS AND PROSPECTS

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ABSTRACT

The Role of Central Bank of Nigeria in Agricultural Finance Development, Problems and Prospects

The topic provide for conceptual frame work of the role played by the CBN in the development of Agricultural sector of the Nigeria economy as its primary purpose. Its secondary purpose is to assess the policies and program of CBN to the development of Agricultural Finance.

Data was collected from both primary and secondary sources. In the primary source I interviewed some farmers, officials of CBN while in the secondary data it was from annual time series of different duration on the program and policies of the institution.

The research showed the role played by the CBN in financing Agriculture in Nigeria by making funds available to farmers especially at the rural areas and granting of credit scheme funds to the farmers

Also the problem of ultracy by the farmers has posed a problem and government should make sure that extension workers are sent into the rural areas to educate the farmers.

TABLE OF CONTENT.

Title pageii

Approval pageiii

Dedicationiv

Proposalv

Acknowledgementvii

Abstractviii

Table of content.ix

CHAPTER ONE

Introduction1

1.1Background of the study1

1.2State of problems7

1.3Objectives of the study9

1.4Significance of the study10

1.5Hypothesis11

1.6Scope and limitation of the study11

1.7Definition of terms.12

CHAPTER TWO

Review of Related Literature16

2.1 Historical overview of Agriculture financing in Nigeria17

2.2 The importance of Agriculture19

2.3 Problems of Agriculture financing in Nigeria20

2.4 The establishment of Central bank in Nigeria22

2.5 The Major development programs and policies of

C.B.N in relation to Agricultural financing26

2.6 The C.B.N and its objectives and functions.39

2.7 The organizational structure of C.B.N

and its Agricultural finance development.44

CHAPTER THREE

Research Design and Methodology48

3.1 Research methodology48

3.2 Research Design48

3.3 Area of study48

3.4 Sources of data49

3.5 Method of investigation50

3.6 Method of data analysis51

CHAPTER FOUR

Data Presentation and Analysis52

4.1 Introduction52

4.2 Analysis of responses to questionnaires52

4.3 Testing of Hypothesis58

CHAPTER FIVE

Summary of Findings, Recommendation and Conclusion64

5.1 Summary of findings64

5.2 Recommendation66

5.3 Conclusions67

Bibliography68

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THE ROLE OF CENTRAL BANK OF NIGERIA PLC IN AGRICULTURAL FINANCE DEVELOPMENT PROBLEMS AND PROSPECTS

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