THE ROLES OF BANKING INDUSTRY IN AGRICULTURAL MARKETING IN NIGERIA

CHAPETR ONE

1.0   INTRODUCTION 

1.1        Background of the study

1.2        Statement of problem

1.3        Objective of the study

1.4        Research Hypotheses

1.5        Significance of the study

1.6        Scope and limitation of the study

1.7       Definition of terms

1.8       Organization of the study

 

 

CHAPETR TWO

2.0   LITERATURE REVIEW

 

CHAPETR THREE

3.0        Research methodology

3.1    sources of data collection

3.3        Population of the study

3.4        Sampling and sampling distribution

3.5        Validation of research instrument

3.6        Method of data analysis

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS AND INTERPRETATION

4.1 Introductions

4.2 Data analysis

CHAPTER FIVE

5.1 Introduction

5.2 Summary

5.3 Conclusion

5.4 Recommendation

Appendix

 

 

 

 

 

 

 

 

 

 

 

 

 

 Abstract

This study is on the roles of banking industry in Agricultural marketing in Nigeria.  The total population for the study is 200 staff of selected banks in Akwa Ibom state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made up accountants, human resource managers, customer care officers and marketers were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies

 

 

 

 

 

 

 

 

 CHAPTER ONE

INTRODUCTION

  • Background of the study

The aim of this research work is to examine the roles of banking industry in the Agricultural sector of the Nigerian Economy. Banking industry comprises of financial institutions that offers to its customers, services of receiving deposits and advancing loans, basically and making fund i.e. credit facilities to the general public and of course to businesses at a fairly low rate of interest which is payable within a specific period of time based on the type of loan or advance being granted to a particular customer.  Banks in Nigeria include Central Bank of Nigeria (CBN), Mortgage Banks, Development Banks, Merchant Banks, Commercial Banks, and Microfinance Banks among others.  For adequate financing of Agricultural, there was an existence of Nigerian Agricultural and Co-operative Bank which had its head office in Kaduna, which was established in 1973 to cater for the farmers. As time went by, the ordinary Nigerian i.e the people at the grass-root level were thirsty of banking services and in an attempt to bring banking service to the less privilege. Hence, there is need to establish Microfinance Bank which is close to the common man. The structure of the Nigerian economy is multi-sector in which the banks and the agricultural sectors have roles to play. Long before now, the relationship between the banking industry and the agricultural sector in Nigeria has been a contentious issue. If one were to take a census of all the pronouncements on the matter by various governments since independence and classify them into those praising the efforts of the banking industry and those castigating them as regards granting credit to agriculture may likely notice that the ratio of those in favour of the later will be in the ratio of four or more is to one. This could further be reflected in the legislation of governments and the directives of quasi government institutions like the CBN on the issue. The setting up of a wholly government owned bank in the name of the Nigerian Agriculture, Cooperative and Rural Development Bank (NACRDB) with an aim of solely lending to agricultural endeavours on short, medium and long-term basis is predicated on the philosophy that the mainstream banking industry does not adequately cater for the urgent need of credit required for rapid transformation of the agricultural sector of the economy.

 

  • STATEMENT OF THE PROBLEM

Presently in Nigeria with her vast expanse of rich soil, a sizable number of her citizens suffer from hunger and starvation as a result of neglect of agriculture. Few agro-industries around depend greatly on importation of necessary raw materials in their production and many of the Nigerian youths roam about unemployed. It is of note that various policies have been made to solve these problems in which the banks have been targeted to provide the pivotal roles in the area of funding through provision of credits. However, the facts remains that the banks precisely the commercial banks have not come to grapple with the problem as much has not been felt in the area of credits to agriculture. The accusation was that commercial banks prefer granting credit to commerce or trading to agriculture and where the credit was allowed, the interest payable seems outrageous with some tight securities, which place restrictions and scare many prospective farmers.

  • OBJECTIVE OF THE STUDY

The objectives of the study are;

  1. To ascertain the role of banking industry on agricultural marketing

 

  1. To ascertain the impact of agriculture on Nigeria economy

 

  1. To suggest ways the commercial banks can effectively contribute in boosting agricultural production in Nigeria.
    • RESEARCH HYPOTHESES

For the successful completion of the study, the following research hypotheses were formulated by the researcher;

H0:  there is no role of banking industry on agricultural marketing

H1:  there is role of banking industry on agricultural marketing

H02: there is no impact of agriculture on Nigeria economy.

H2: there is impact of agriculture on Nigeria economy

  • SIGNIFICANCE OF THE STUDY

The study will give a clear insight on the roles of banking industry in agricultural marketing in Nigeria. The study will be beneficial to students, agricultural sector, banking sector and the general public. The study will serve as a reference to other researchers that will embark on this topic

 

  • SCOPE AND LIMITATION OF THE STUDY

The scope of the study covers the role of banking industry in agricultural marketing in Nigeria. The researcher encounters some constrain which limited the scope of the study;

  1. a) AVAILABILITY OF RESEARCH MATERIAL: The research material available to the researcher is insufficient, thereby limiting the study
  2. b) TIME: The time frame allocated to the study does not enhance wider coverage as the researcher has to combine other academic activities and examinations with the study.
  3. c) Organizational privacy: Limited Access to the selected auditing firm makes it difficult to get all the necessary and required information concerning the activities.

 1.7 DEFINITION OF TERMS

BANKING INDUSTRY: The modern banking industry is a network of financial institutions licensed by the state to supply banking services. The principal services offered relate to storing

AGRICULTURE: Agriculture is the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants and other products to sustain and enhance life

AGRICULTURAL MARKETING: Agricultural marketing is inferred to cover the services involved in moving an agricultural product from the farm to the consumer. It is also the planning, organizing, directing and handling of agricultural produce in such a way as to satisfy the farmer, producer and the consumer

1.8 ORGANIZATION OF THE STUDY

This research work is organized in five chapters, for easy understanding, as follows

Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study. Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature. Chapter three deals on the research design and methodology adopted in the study. Chapter four concentrate on the data collection and analysis and presentation of finding.  Chapter five gives summary, conclusion, and recommendations made of the study

 

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