AGRICULTURAL FINANCING IN NIGERIA: AN ANALYTICAL STUDY OF THE PLATEAU STATE AGRICULTURAL LOAN SCHEME SINCE INCEPTION
AGRICULTURAL FINANCING IN NIGERIA: AN ANALYTICAL STUDY OF THE PLATEAU STATE AGRICULTURAL LOAN SCHEME SINCE INCEPTION
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Date
1988-11
Authors
ZUNGUM, ABDULLAHI ALHASSAN
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Abstract
Nigeria's agricultural sector is dominated by
the peasant system of agriculture which is characterized
by the use of primitive techniques of farming resulting
in low productivity. To increase the country's
agriculture output, there is the need for these small
scale farmers to be given credit. This special problem
led. to the establishment of the Plateau State Agricultural
Loan Scheme in 1977. Since inception, the scheme has
been granting loans to these farmers without an empirical
study to determine its contribution to the development, of
agriculture in the state and to determine problems
affecting the performance of the scheme in the attainment
of its stated objectives and offer suggestions where
necessary, This study attempts to determine how well the
scheme has performed, to identify problems faced by the
scheme in providing credit to farmers.
It was found that the scheme obtains loans from
Commercial Banks for onward lending to farmers and that
during the period under study, it has disbursed the sum
of N10,022,467.12 to 6888 farmers and 58 Co-operative
Societies in the State. The beneficiaries however,
complained of late disbursement, inadequacy of loans and
short repayment periods.
The scheme on its part, is faced with certain
operational problems which include shortage of staff,
insufficiency of inputs, low repayment rates from farmers
and shortage of funds.
Description
A THESIS SUBMITTED TO THE POST-GRADUATE
SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA,
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR THE AWARD OF THE DEGREE OF MASTER OF
BUSINESS ADMINISTRATION.
Keywords
AGRICULTURAL, FINANCING, NIGERIA, ANALYTICAL STUDY, PLATEAU STATE, LOAN SCHEME, INCEPTION