MANAGEMENT OF AGRICULTURAL LOAN PORTFOLIO IN THE NIGERIAN AGRICULTURAL AND COOPERATIVE BANK LIMITED
MANAGEMENT OF AGRICULTURAL LOAN PORTFOLIO IN THE NIGERIAN AGRICULTURAL AND COOPERATIVE BANK LIMITED
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Date
1996-11
Authors
NASIRU, SHEHU
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Abstract
Various governments in Nigeria have recognised the fact that the
absence of an agricultural credit Institution in the country is one of the major
impediments to agricultural development.
The Nigerian Agricultural and co-operative Bank limited (NACB) was
established in 1972 to provide the much needed credit to farmers to enable
them increase their farm output. Presently, the Bank has seven zonal offices
that supervise seventy branch offices nation wide.
This study is an attempt to highlight the problems associated with
agricultural lending in NACB. The study outlined the procedures and
regulations that individual and corporate applicants have to follow and comply
with in order to have their loans approved.
The study highlighted the following as major problems in agricultural
lending.
a. Delayed-processing of loan Application.
b. High costs of both labour and inputs.
L. Rising cost of both labour and inputs which usually makes agricultural
projects planning nearly impossible.
In order to solve the above problems, the following major recommendations are
made in order to speed up , processing of loan applications.
a. Branch Managers should be given mandate to approve certain amount of
loan volume.
b. Tax clearance certificate should be waived for SHS and large scale
individual clients.
c. Committee meetings in which loan applications are considered should
be held more frequently.
Description
A STUDY OF KANO ZONE
BEING PROJECT SUBMITTED TO THE
POSTGRADUATE SCHOOL
AHMADU BELLO UNIVERSITY, ZARIA,
•IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR
THE AWARD OF THE DEGREE Of
MASTER OF BUSINESS ADMINISTRATION (MBA)
NOVEMBER, 1996
Keywords
MANAGEMENT,, AGRICULTURAL,, LOAN PORTFOLIO,, NIGERIAN,, AGRICULTURAL,, COOPERATIVE,, BANK LIMITED