Key Features:
- No of Pages: 87
- No of Chapters: 05
Introduction:
Abstract
Agricultural credit guarantee scheme fund was established to help farmers who have little or no collateral to get loans from commercial banks by CBN. It was the aim of this research work to find out if CBN has helped in developing cooperative activities in agricultural aspect through their giving of loan, grant, and other farm inputs. Chapter one contained great discussion of the origin and existence of this scheme (ACGSF), it also went further to state the problems to be studied, research question scope and definition of terms. A number of past and present literature review was examined by the researcher and all these highlighted in chapter two, chapter three dealt with the methodology for the study population and so on. In chapter four data gotten from the research surveyed was analyzed and interpreted. Also similar questions on both questionnaire were compared. Finally the summary of these findings was that farmers need to be encouraged to get loan though the measurement of CBN in the reduction of collateral and surety for guaranteeing loans, if banks and farmers/artisans would put the recommendation made in the study into use there would be increase and improvement in activities of agriculture and also continues growth and development in the agricultural sector.
Table of Content
CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of the Problem
1.3 Objective of the study
1.4 Research Hypothesis
1.5 Significance of the study
1.6 scope and Limitation of the study
1.7 Definition of Terms
References
CHAPTER TWO
2.0 Literature Review
2.1 Agricultural/credit, purpose and establishment of ACGSF.
2.2 Purpose of the scheme (ACGSF)
2.3 Objectives of the study
2.4 Importance of the Credit to Nigerian Agriculture
2.4.1 Agricultural Financing in Nigeria
2.4.2 Overview of agricultural credit purveyance
2.5. Features of the Agricultural Credit Guarantee Scheme Fund
2.5.0 Procedure for operating ACGSF
2.5.1Agriculture/enterprise for which guarantee can be issued under the fund
2.5.2Loan duration and Loan Limits Under the scheme
2.6 New initiatives/models for improved lending under the ACGSF
2.7 Loan Conditions
2.7.1 Participation of Community Banks under the ACGSF
CHAPTER THREE
3.0 Research Design and Methodology
3.1 Area of study
3.2 Population of the Study
3.3 Sample Size
3.4 Instrument for Data Collection
3.5 Description of Data
3.6 Data Analysis
CHAPTER FOUR
4.1 Presentation of Data Analysis and Interpretation
4.2 Demographic Characteristics of Respondents in Tabular Presentation and descriptive analysis
4.3 Remarks of Findings
CHAPTER FIVE
Summary, Recommendation and Conclusion
5.1 Summary
5.2 Recommendation
5.3 Conclusions
Bibliography
Appendix
Introduction
1.0 INTRODUCTION
In Enugu state most inhabitants survive through agriculture and their main occupation is subsistence farming which attract the interest of may cooperative societies both old and new ones. Agriculture plays a very central role in the economic development of Nigeria like offering of employment to more than 65% of the working population account for more than 70% of non oil exports and provides raw materials for the industrial sector. Following the oil boom in the seventies agricultural production started to decline, the country started expressing increasing food shortage with the attendant increase in the quantity of food imports.
One can observe that Enugu state is still semi substantial and their output from agriculture production can neither feed the fearing population nor provide essential raw materials for the agro based industries. The export of the state major cash crops which has in the past supported the economy has verbally stopped.
While a lot of observers dwelt on the urgent need to reinitialize this sector, Omuma (1998) implied that the adverse effect of non-initialization of the agriculture sector will only bring such condition like famine and Kwashiorkor to the village but emphasizing on the importance of improving agricultural production through loans from government Igbo (1986) said it is now on the government for the independence on the external sources of food because it has tried their state independence to the uncertainties of ridicule.’
Then in the early seventies, the central bank of Nigeria and the federal government carried out a study to find out reasons for the declining agricultural production. The study revealed that credit was one of the major factors then the commercial and merchant banks (now deposit money bank) were reluctant to lend to agriculture because of the high default risk and the inability of the borrower offer tangible collateral.
The agricultural credit guarantee scheme was established in 1977 to share in the risk of the banks in agricultural lending and hence encourage them to continue to extend credit to it. As at 31st December 2004 the total investment under the scheme were N4.4billion.
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