AGRICULTURAL FINANCING IN NIGERIA: AN ASSESSMENT OF CENTRAL BANK OF NIGERIA CREDIT PORTFOLIO IN THE 80'S

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Date
1995-08
Authors
MUHAMMAD, MAI MOUSTAPHA
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Abstract
Undoubtedly, one of the major and important sectors of the Nigerian economy is agriculture, lnspite of the importance of the oil sector, agriculture continues to supply the bulk of employment, income, food and raw materials required for the country's agro-allied industries. Therefore, no meaningful national economic development and improvement in the standard of living of the generality of the citizenry can take place without developing the agricultural sector. This sector has continued to deteriorate over the years, its importance notwithstanding, to the extent that the country had to resort to importing agricultural produce including food items. The pathetic agricultural situation has led concerned authorities to examine closely the problems confronting agricultural development. And of primary importance amongst the multiplicity of problems facing the sector is the inadequacy of credit to said productivity. In an effort to check to check this situation, the Federal Government, through the Central Bank of Nigeria, has taken several steps to boost agricultural production in the country. These policy instruments range from monetary to fiscal in nature. The aim has always been to skew total bank lending in Favour of the agricultural sector. There are, consequently, so many challenges ahead of CBN in the next decade some of which are highlighted in this paper, solutions to some of the problems posing to agricultural development have been pro founded. The apex bank therefore needs to adopt the fastest and safest means of reaching these solutions for the derivation of all the advantages of the sector
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A THESIS SUBMITTED TO THE POST GRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION (MBA) DEGREE.
Keywords
AGRICULTURAL, FINANCING, NIGERIA, ASSESSMENT, CENTRAL BANK OF NIGERIA, CREDIT, PORTFOLIO, 80'S
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