RURAL AGRICULTURAL FINANCING AND POVERTY ALLEVIATION: A CASE STUDY OF HABIB NIGERIA BANK LTD
RURAL AGRICULTURAL FINANCING AND POVERTY ALLEVIATION: A CASE STUDY OF HABIB NIGERIA BANK LTD
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Date
2014-02-10
Authors
LIMAN, SULAIMAN ABDU
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Abstract
Rural finance/credit has been a prime component of bank lending operations since ils
inception. Providing affordable credit lo the rural sector was considered warranted on
both growth and equipment considerations. Governments have been promoting and
con inuously supporting supply led rural finance institutions as device to neutralize or
instigate distorted "Urban biased" macro-economic policies that adversely affected the
rural sector. In many instances, however, these programme fell short of achieving their
objectives as they reached only a small part of the rural population.
This research work analyzed the ways and manner farmers in developing countries,
Nigeria in particular have been coping very widely but capital wise, they have been
relying more on informal sources of credit. Therefore, findings in this research revealed
that the Commercial Banks functions of mobilizing funds from the surplus units to
finance agriculture can be sustained with beneficial effect on the farmer if the method
of disbursement is line-tuned to take care of collateralization, being one of the major
hindrance of effective agric finance as the peasant farmers has barely nothing tangible
to offer as collateral. The implementation of this will assist farmers lo get assess to
credit therefore, increasing production and alleviate the suffering of the farmers and
poverty. It was the recommendation of this research that government institutionalized
and entrenched rural finance by all Commercial Banks who should introduce a desired
method for channeling this funds to farmers and the farmers in turn should sell their
products through co-operatives movements that will finally pay back to the Banks.
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Description
BEING PROJECT SUBMITTED TO THE POST GRADUATE SCHOOL OF
AHMADU BELLO UNIVERSITY, ZAR1A IN PARTIAL FULFILMENT OF
THE REQUIREMENT FOR THE AWARD OF MASTERS OF BUSINESS
ADMINISTRATION (MBA) DEGREE
Keywords
RURAL, AGRICULTURAL, FINANCING, POVERTY, ALLEVIATION: