The Roles of Banking Industry in the Agricultural Sector of Nigerian Economy

The Roles of Banking Industry in the Agricultural Sector of Nigerian Economy

Project / Seminar Material
Reference ID: PS-13940-TM

DEDICATION

This research material titled “The Roles of Banking Industry in the Agricultural Sector of Nigerian 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 Business Administration and Management (BAM), Book Authors and Profound Scholars of existing or related project material on “The Roles of Banking Industry in the Agricultural Sector of Nigerian 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.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    Role of banking industry in the Agricultural sector of the Nigeria Economy.

    This project was designed to bring out the roles of banking industry in the agricultural sector of Nigeria economy with Excel Microfinance Bank Eruwa as a case study.

    In the course of writing this project the following hypothesis were formulated to aid the study.

    There is no relationship between banking and agricultural productivity Bank does not have any significance on agricultural production.

    The employee of Excel Microfinance Bank Eruwa served as the population for this study out of which ten were sampled using simple random sampling method.

    Relevant literatures were reviewed to bring out the submissions and views of various authors on the topic of the study.

    Questionnaires were administered on the staff of Excel Microfinance bank Eruwa and analysis were made on the data collected using simple percentage and responses were converted into percentages.

    All the null hypothesis (Ho) were rejected and alternative hypothesis (Hi) were accepted. The analysis shows that

    1. There is relationship between banking and agriculture.
    2. Banks have significance on agricultural production.

    With respect to the findings the findings the following recommendation were made that, government should encourage farmers to stay on the farm. By providing basic farm implement e.g. improved seedling fertilizer fumigant etc.

    That banks should give loans and advances at a reasonable rate of interest to farmers which in turn brings the banks profits.

    That farmers should use the loans granted for the purpose it was granted.

    The Roles of Banking Industry in the Agricultural Sector of Nigerian Economy

    CHAPTER ONE

    1.0 Introduction

    The aim of this research work is to examine the roles of banking industry in the Agricultural sector of the Nigerian Economy. Banking industry comprises of financial institutions that offers to its customers, services of receiving deposits and advancing loans, basically and making fund i.e. credit facilities to the general public and of course to businesses at a fairly low rate of interest which is payable within a specific period of time based on the type of loan or advance being granted to a particular customer.

    Bank in Nigeria includes Central Bank of Nigeria (CBN), Mortgage Banks, Development Banks, Merchant Banks, Commercial Banks, and Microfinance Banks among others.

    For adequate financing of Agricultural, there was an existence of Nigerian Agricultural and Co-operative Bank which had its head office in Kaduna, which was established in 1973 to cater for the farmers. As time went by, the ordinary Nigerian i.e the people at the grass-root level were thirsty of banking services and in an attempt to bring banking service to the less privilege. Hence, the need to establish Microfinance Bank which is close to the common man.
    Agriculture is concerned with cultivation i.e. activities designed towards planting of crops, fishing, poultry and live stock farming, animal husbandry, piggery, dairy farming and of course development of forest. E.g. nurturing and cultivation of trees. It is one of the oldest industry and its origin can be traced to the earliest human existence. It is the foundation upon which many developed and stable human geographical area such as National Country (ies) state etc has depended in many part of the world.

    Agriculture in Nigeria accounts for the employment and absorption of about 70% of the total populace. Thus, it employs the largest percentage of the entire population.

    1.1 Statement Of The Problem

    The specific problems to be treated in the study are:

    1. To find out whether banking have positive effect on agriculture.
    2. To investigate the appropriate loan scheme to us and improve agricultural production.
    3. To examine the reason some farmers were successful.
    4. To examine various and types of loan scheme adopted by some farmers.

    1.2 Objective Of The Study

    Some of the aims and objectives of the study are as follows:

    1. To Transform Agro-Allied Sector:

    The study is to help in the agro economy of the rural areas through provision of investment finance with establishment of microfinance bank in rural area, farmers have opportunity of investing their money and in turn they have access to loan on a fairly low rate. Therefore leading to investment on a viable project.

    2. To Encourage Banking Habit:

    Establishment of microfinance bank makes rural dwellers get enlightened on the importance of cultivate a saving (habit) attitude instead of spending money accrued to them on non-profitable activities and show them importance of rural saving scheme and some of the benefits derivable from doing such.

    …

    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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