The Role Of Commercial Bank In Financing Of Agricultural Projects In Enugu State

ABSTRACT

The role of commercial bank in financing of Agricultural project in Enugu State, is a topic so crucial that interested parties in the work are many.

It is very vital considering the role of commercial bank play in financing of agricultural project in Enugu State in sustaining the economy.

This creditable role being played by the above bank economy of Enugu State and the position of agriculture in tdhe building of a virtue and a self reliant nation attracted the attention of the researcher.

The instruments with which central the commercial bank in terms of agricultural loans were examined with credit guidelines which comes out every year, Central Bank of Nigeria specifies the minimum percentage of loan of agricultural sector. Secondly, the Federal Government of Nigeria and the CBN established the agricultural credit guarantee scheme fund by which farmers who receive loan under it are guaranteed by the CBN. The liability of CBN in case of default is up to 75 percent.

This study tried find out whether the decline in agricultural output within the state has link with the absence of credit facility made available to farmers by commercial banks in financing of agricultural project in Enugu State in doing the commercial bank with head office and area offices within Enugu State were selected by studies, because of size three local government areas were selected for study and they include Enugu North, Enugu East and South cluster sampling was used to select farmers on which questionnaires were administered.

Also used in collecting data was interviewed method because there were some farmers that were not very literate.

The data collected was used in testing the two hypothesis for the topic. The hypothesis included that carrying out feasibility study to Agric farmers fo not have any effect on commercial bank in financing of agricultural projects.

In Enugu State: commercial banks do not respond adequately to farmers in financing need of agricultural project in Enugu State in testing the above hypothesis.

It was also concluded that commercial banks do not respond adequately to farmers in financing need agricultural projects in Enugu State.

Other minor issues in the research question in the project were weighted to percentages.

In conclusion, commercial banks should be more encouraged to assist agricultural sector and appropriate staff expansion recommended for effective supervisions around both loan default and diversion in Enugu State.

TABLE OF CONTENTS

Title page ii

Approval page iii

Dedication iv

Acknowledgements v

Abstract vi

Table of Contents ix

CHAPTER ONE

1.1 Background of Study 1

1.2 Statement of the Study 4

1.3 Objectives of the Study 4

1.4 Purpose of the Study 5

1.5 Significance of Study 6

1.6 Limitation of the Study 8

1.7 Scope of the Study 9

1.8 Delimitations of the Study 9

1.9 Definition of the Terms 10

References 11

CHAPTER TWO

2.0 Review of Related Literature 12

2.1 The Meaning of Agricultural Finance 12

2.2 Financing Agricultural Project in Developed Country 13

2.3 Agricultural Finance in Nigeria as a Developing Country 17

2.4 Problems Facing Agricultural Project. Finance

in Nigerian Commercial Bank 19

2.5 Agricultural Financing in Enugu State 25

2.6 Evaluation of Commercial Banks Performance

in Granting Agricultural Loans 25

2.7 Sources of Agricultural Finance in Enugu State 26

2.8 An overview of the Federal Government

Assistance in Relation to Agricultural Finance 29

References 34

CHAPTER THREE

3.0 Research Design and Methodology 37

3.1 Sources of data 38

3.2 Location of data 38

3.3 Instrument of data collection 39

3.4 Limitation of study 39

References 42

CHAPTER FOUR

4.1 Research Finding 43

4.2 Discussion of Result 44

Reference 46

CHAPTER FIVE

5.1 Summary of Findings 47

5.2 Recommendations 50

5.3 Conclusion 53

Bibliography 55

Appendix 59

Questionnaires 60

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(2014, 10). The Role Of Commercial Bank In Financing Of Agricultural Projects In Enugu State.. ProjectStoc.com. Retrieved 10, 2014, from https://projectstoc.com/read/4025/the-role-of-commercial-bank-in-financing-of-agricultural-projects-in-enugu-state-8551

"The Role Of Commercial Bank In Financing Of Agricultural Projects In Enugu State." ProjectStoc.com. 10 2014. 2014. 10 2014 <https://projectstoc.com/read/4025/the-role-of-commercial-bank-in-financing-of-agricultural-projects-in-enugu-state-8551>.

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"The Role Of Commercial Bank In Financing Of Agricultural Projects In Enugu State.." ProjectStoc.com. 10, 2014. Accessed 10, 2014. https://projectstoc.com/read/4025/the-role-of-commercial-bank-in-financing-of-agricultural-projects-in-enugu-state-8551.

The Role Of Commercial Bank In Financing Of Agricultural Projects In Enugu State

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