THE ROLE OF FEDERAL GOVERNMENT IN COOPERATIVE FINANCING

THE ROLE OF FEDERAL GOVERNMENT IN COOPERATIVE FINANCING

ABSTRACT

This research investigation into the role of federal government in cooperative financing. A case study the research to find out if actually the federal government play a role in financing cooperative and the research was carefully carried out and conclusion reached or the reader to properly comprehend and appreciate this project work, the desire to make this contribution grew out to meet the felt need of cooperative promotion in Nigeria. This project work has three potential aims, firstly, it to ascertain the importance of cooperative to national economy. Secondly it is to determine the best method in promoting cooperative production and thirdly, it is to show clearly, the basic problems of cooperative and means of solving them. Most countries of the world are standing very hard to achieve overall development of their countries. They lead to adopt various development strategies. One common development strategy adopted by most developed countries is diversifying of economy. This is the more reasons why cooperative in Nigeria should be emphases especially cooperative productions as means of diversifying their economy. They should not depend on oil along to avoid an adverse unforeseen circumstance. It is also based on this that federal government has initiated the plan of establishing the Nigeria agricultural and cooperative bank to finance or loan the agricultural farmers and they also play the following roles: Identify the interested farmers; Advice the farmers on the best project to embark on; Know their problems; Solve their problems. They render financial support to farmers and group of farmers.