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. vii
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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:
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