THE ROLE OF COMMERCIAL BANKS IN AGRICULTURAL DEVELOPMENT IN NIGERIA: 1986-2010

ABSTRACT
The study examines the role of commercial banks in Agricultural development in Nigeria, spanning from 1986-2010. The methodology used is ordinary least squares (OLS), using P.C give 8.00 package. The findings from the study support the view that commercial bank loans are not getting to red farmers. The commercial banks loan to Agricultural sector is positive and significant at 5% level, contributing 67.65 percent variations in Real Agricultural output in Nigeria. Real interest rate and real exchange rate are both positive, but not significant at 5% percent level. The positive real interest rate shows that Investments in Agricultural sector in Nigeria has a very high rate of return. The findings suggest that real interest and exchange rates should be properly managed and periodically received so as to promote the growth of the Agricultural sector.



CHAPTER ONE

1.0        INTRODUCTION

1.1        BACKGROUND OF THE STUDY

Agriculture involves the cultivation of land, raising and rearing of animals and raw materials for industries. It involves cropping live stock, forestry, and fishing, processing and marketing of these agricultural products.

Food is man‟s most important basic need before those of clothing and shelter. It is provision therefore, has been the major concern of man from the past years since it is both an essential condition and sinequanon to life. Agriculture being the provider of food can then be concluded as the life wire of any nation and thus be concluded as the life wire of any nation and thus its importance cannot be over emphasized.

When Nigeria gained their political Independence in 1960, agriculture was dominant sector of the economy. It contributed over 65% of the country‟s Gross Domestic Product (GDP) and provided the bulk of the foreign exchange earnings through the foreign exports of the cash crops. The sector catered adequately for nearly all food requirement and raw materials...

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Item Type: Project Material  |  Attribute: 59 pages  |  Chapters: 1-5
Format: MS Word  |  Price: N3,000  |  Delivery: Within 30Mins.
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