ABSTRACT
The
study is an investigation into the impact of Bank Credit on Agricultural
Development with emphasis on First Bank of Nigeria Plc.
Specifically,
I examined the effect of Central Bank of Nigeria credit guidelines and other
financial bodies on Agricultural
Development, also examined the relationship of bank lending policies in
Nigeria, and to what extent there credit facilities are effectively been
utilized by the farmers.
Two
major statistical tools were adopted, while a time-series analysis was
conducted to observe the movement of the loans and advances against the years
loans were utilized by small and large scale farmers.
Some
of the major findings of these tests confirm that bank credit has a significant
impact in Agricultural Development for the small and large scale farmers.
Further
investigation shows that the highest agricultural loan was granted in 2009 with
over One Hundred and Seventy Five Million Naira the loan granted in 2010 and
2011 decreased drastically by 20 percent which was basically due to the global
financial meltdown.
Based
on these results, some of the major recommendations are that Federal Government
should increase the banks share and credit base in order for the bank to cope
with increasing loans demand.
Finally,
for credit to be more effective, other sector of the economy should asked to
corporate with the bank in providing the relevant service to support the scheme
the bank in its bid to relive farmers other predicaments.
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1 Background
of the Study
1.2 Statement
of the Problems
1.3
Objectives of the
Study
1.4
Research Questions
1.5
Research
Hypotheses
1.6
Significance of
the Study
1.7
Scope of the Study
1.8
Limitation of the
Study
1.9 Definition
of Terms
CHAPTER TWO: LITERATURE
REVIEW
2.0 Introduction
2.1 Conceptual Framework
2.2 The Nigeria Agricultural History
2.2.1 Agricultural Sector in the Pre Independent Era
2.2.2 Agricultural Sector in the Post Independent
Era
2.3
Credit And Its
Role Agriculture
2.4
Sources of
Agricultural Credit
2.5
Agricultural
Finance
2.6 The
Role of Financial Institution in Agricultural Financing
2.6.1 Central Bank of Nigeria
Role
2.6.2 Commercial Bank’s Role
2.6.3 Development Bank’s Role
2.6.4
Merchant Bank’s Role
2.7 Terms
of Agricultural Credit Repayment
2.8 Rural
Banking and Agricultural Extension
2.8.1 Problems of Rural Banking
2.9 First Bank Agricultural Scheme
2.9.1
The First bank Farm Settlement Scheme
2.9.2
Guaranteed Fund Credit (GFC)
2.9.3
Multi-Channels Agricultural Finance Scheme (Multi-Cafs)
2.9.4
First bank Agricultural Credit To Schools (Facts)
2.9.5
National Agro Dealer Scheme (NADS)
2.9.6
GSM 102
2.9.7
Commercial Agriculture Credit Scheme
2.10 First
Bank Nigeria Plc Finance Operation and Evaluation
2.11 Problems of Agricultural
Credit Repayment in Nigeria
2.11.1 Farmer Related Problem
2.11.2 Bank
Related Problems
2.11.3 Government Related
Problems
2.12 Problems of Agriculture
CHAPTER
THREE: RESEARCH METHODOLOGY
3.0 Introduction
3.1 Sources of Data
3.2 Population
of the Study
3.3
Sample Size and Sampling Techniques
3.4 Restatement of Research Hypotheses
3.5 Method
of Analysis
3.6 Assumption
to Questionnaire
3.7 Validity of the Research Instrument
3.8 Reliability of the Research Instrument
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Introduction
4.2 Personal Characteristics of the
Respondent
4.3 Response of Respondents to the Problem Areas.
4.4 Testing and Interpretation of the Hypotheses
4.4.1
Analysis of Hypothesis One
4.4.2 Analysis
of Hypothesis Two
4.5 Presentation of Secondary Data
4.6 Discussion of Result
CHAPTER FIVE: SUMMARY,
CONCLUSION AND RECOMMENDATION
5.0 Introduction
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendations
5.3.1 Recommendation for the Government
5.3.2 Policy Recommendation for the Bank
5.3.3 Policy Recommendation for Farmers
Bibliography
Appendix I