The Analysis of Loan Administration in Financial Institution in the Nigeria Economy

The Analysis of Loan Administration in Financial Institution in the Nigeria Economy

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Reference ID: PS-8027-TM

DEDICATION

This research material titled “The Analysis of Loan Administration in Financial Institution in the Nigeria Economy” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Economics, Book Authors and Profound Scholars of existing or related project material on “The Analysis of Loan Administration in Financial Institution in the Nigeria Economy” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

The Analysis of Loan Administration in Financial Institution in the Nigeria Economy

CHAPTER ONE

1.1 Introduction

Loan administration is one of the external mean of financing many sector of the economy especially the agricultural sector. This is due to the fact that the agricultural sector is the major source of the food production and supply in the country. This loan is been administered through the financial institution established by the federal government of Nigeria. It (loan administration) is been introduced so as to help rural farmers and small-scale business financially in their various businesses. This enhances and increases the agricultural productivity. Loan administration in the financial institution is also one of the elements that determine the extent of economic growth and development in the country.

Financial institution in 1990”s do not properly administer their fund to the major sector of the economy which is the agricultural sector and this led to the importation of food to the Nigeria making the country so much dependent on other country for food. Thus the agricultural sector could not boast of food production due to the fact that it was not adequately financed. In Nigeria, up to 75% of its production engage in agriculture which is the major source of food supply in the country and most of them are poor and rural farmers which have limited fund to produce the input and technological required in carrying out their agricultural business. This lack of fund lead to reduction in the food supply in the country and at the same time retard economic growth and development. Therefore, agricultural sector need to be adequately funded through the use of loan administration so that the economy can boast of being independent of other countries and also can develop.

Do to the problem of lack of capital experience in the agriculture sector; especially in the rural farmers and small-scale traders, the federal government of Nigeria took a major concern on the issue of loan administration to enhance development in the country’s economy through financial institution. This led to the establishment of the Nigeria agricultural co-operatives and rural development bank (NACRDB), family economic advancement programme (FEAP), the Nigeria agricultural cooperative and rural development bank (NACRDB). This establish in January 200 but was dually confirmed by the federal executive council of Nigeria in November 200. The bank is been supervised by the federal ministry of agriculture.

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CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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