THE ROLE OF CENTRAL BANK OF NIGERIA PLC IN AGRICULTURAL FINANCE DEVELOPMENT PROBLEMS AND PROSPECTS

PROPOSAL: The role of Central Bank of Nigeria in Agricultural Finance Development, problems and Prospects. This topic provides for conceptual frame work of the role played by CBN in the development of Agricultural sector of the Nigeria economy as the primary purpose. The secondary purpose is to assess the performance of the policies and programs of the CBN to the development of Agricultural financing in particular and Agricultural development in general.Data will be collected both primary and secondary sources. Primary data are to be collected by face to face interview with farmers, officials staff of commercial bank, and other financial institution while the secondary data is to be collected from annual time  series of different duration depending on the program and policies of the institution.The research will show the roles played by CBN in financing Agriculture in Nigeria by making funds available to the Agricultural sectors of the economy especially at the rural areas and granting of credit scheme  funds o the farmers. It is the intention of the writer to restrict this work to the role of CBN in Agric Finance which exclude the role of CBN in stabilization measures in the economy and the role of CBN in industrial finance and development. To achieve this objectives the project work will be divided into five chapters, each will be dealing with an aspect of the work and help to highlight the rudiments which when collected get to the root of this investigation.

ABSTRACT

The Role of Central Bank of Nigeria in Agricultural Finance Development, Problems and Prospects

The topic provide for conceptual frame work of the role played by the CBN in the development of Agricultural sector of the Nigeria economy as its primary purpose. Its secondary purpose is to assess the policies and program of CBN to the development of Agricultural Finance.

Data was collected from both primary and secondary sources. In the primary source I interviewed some farmers, officials of CBN while in the secondary data it was from annual time series of different duration on the program and policies of the institution.

The research showed the role played by the CBN in financing Agriculture in Nigeria by making funds available to farmers especially at the rural areas and granting of credit scheme funds to the farmers

Also the problem of ultracy by the farmers has posed a problem and government should make sure that extension workers are sent into the rural areas to educate the farmers.

TABLE OF CONTENT.CHAPTER ONE

Introduction                                                                                                                       1

1. Background of the study                                                             1
2. State of problems                                                                        7
3. Objectives of the study                                                                9
4. Significance of the study                                                             10
5. Hypothesis                                                                                  11
6. Scope and limitation of the study                                                         11
7. Definition of terms.                                                                     12

CHAPTER TWO

Review of Related Literature                                                                            16

2.1 Historical overview of Agriculture financing in Nigeria              17

2.2 The importance of Agriculture                                                    19

2.3 Problems of Agriculture financing in Nigeria                              20