THE IMPACT OF AGRICULTURAL LOAN SCHEME TOWARDS THE NATIONAL ECONOMIC GROWTH
THE IMPACT OF AGRICULTURAL LOAN SCHEME TOWARDS THE NATIONAL ECONOMIC GROWTH
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Date
2005-10
Authors
Musa, HALLIRU Fatima
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Abstract
ABSTRACT
Financing Agriculture has been a disturbing phenomenon for a long period in the
Nigerian economy. Various measures were taken by governments of the
Federation to help fill the wide gap of the need of financing and the availability
of the finance through credit.
One of the known bold efforts was the establishment of Nigerian Agricultural and
Co-operative Bank (NACB), in November, 24th 1972 which was inaugurated and
started operations in March, 6th 1973.
A further step towards this financing is the transformation of the Nigerian
Agricultural and Co-operative Bank (NACB), into Nigerian Agricultural,
Co-operative and Rural Development Bank (NACRDB).
This was after merging the former Peoples Bank of Nigeria (PBN), the risk assets
of the Family Economic Advancement Programme (FEAP). This is said to be the
biggest development finance institution in Nigeria, fully owned and subscribed to
for its shares by Federal Ministry of Finance incorporated 60%, and the Central
Bank of Nigeria, 40%.
The merger that brought about the emergence of the new outfit, brought about ex
branch network expansion and by the year 2002, the Zaria branch of the bank
was established.
The objective of this study therefore is to find out the impact of the gamut of
financing scheme meant for the agricultural industry with particular reference to
the branch’s area of coverage, in Zaria.
Description
DEPARTMENT OF BUSINESS ADMINISTRATION,
FACULTY OF ADMINISTRATION,
AHMADU BELLO UNIVERSITY.
Keywords
IMPACT,, AGRICULTURAL,, LOAN,, SCHEME,, TOWARDS,, NATIONAL,, ECONOMIC,, GROWTH,, CASE STUDY,, STUDY,, NIGERIAN,, AGRICULTURAL,, COORPERATIVE,, RURAL,, DEVELOPMENT,, BANK LTD., ZARIA,, BRANCH.