Agricultural development intervention programmes in nigeria 1960 to date. The role of commercial bank in financing agricultural project in anambra state includes abstract and chapter one, complete project material available the role of commercial bank in financing agricultural project in anambra state abstract financing agricultural project is the gradual nuturing emelishing to a large, matured and organized. The study also found that microfinance banks financing in the area of transportation and commerce, manufacturing and food processing. Working paper 192 empirical analysis of agricultural. The role of agriculture in accelerating economic growth and development.
Schumpeter says, it is the banking system which serves as a key agent along with the entrepreneur in. Deposits in savings account are used for saving money. The role of commercial bank in the economic development of. Role of commercial bank in the economic development of india priyanka saini1, jyoti sindhu. Role of commercial banks in economic development of country. The methodology used is ordinary least squares ols, using p. The statistical tool of analysis is the ordinary least squares ols techniques. Specifically, the study examined the contribution of microfinance banks mfbs towards agricultural development, analyzed and compared the loans given out by these banks to agricultural sector with those given to other investment activities in the study area, examined the repayment level of the. R ambedkar college,university of delhi, delhi, india 2 assistant professor, department of commerce, venkateswara college, university of delhi, delhi, india abstract banks play a vital role in the economic development.
Commercial banks contribute significantly towards the financing of smallscale business in nigeria. Before the discovery of crude oil in nigeria, agriculture was the main sector of the economy even after the independence in 1960. Various economists have different views about the role of commercial banks in economic development. Having chosen this topic to write on, my objectives is to find out the roles played by our financial institutions in our present economic situation whether they being followed. Corn, wheat, pulses, sorghum, barley livestock vegetables, peanuts goats nigeria. Role of commercial banks in the economic development of india 3 7. The role of commercial banks in agricultural growth in nigeria.
The study examines the role of commercial banks in agricultural development in nigeria, spanning from 19862010. The quest to meet the credit need of the nigerian farmers necessitated the focus of this study. Empirical analysis of agricultural credit in africa. Abstract the study examines the role of commercial banks in agricultural development in nigeria, spanning from 19862010.
Agricultural development intervention programmes in. An econometric analysis sunny ibe obilor department of bankingfinance imo state polytechnic, umuagwo, p. In nigeria, the federal government directs commercial banks to set aside part of their loanable fund to farmers. To examine ways in which the commercial banks in nigeria can be made to play better roles towards fund mobilization for rural industrial growth and development. Adeleke salami and damilola felix arawomo1 1 adeleke salami and damilola felix arawomo are respectively senior research economist, africa development bank and research fellow, nigerian institute of social and economic research niser. See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. The role of commercial banks in agricultural growth and development in nigeria abstract the study examines the role of commercial banks in agricultural development in nigeria, spanning from 1986 2010. To estimate the specified equation, the ordinary least. The role of commercial bank in agricultural financing in enugu state includes abstract and chapter one, complete project material available the role of commercial bank in agricultural financing in enugu state abstract the object of this study is to determine the vital role played by commercial banks in agricultural financing in enugu state, which has. Entrepreneurship and economic development in nigeria.
Commercial banks, which mobilise finance through savings and time deposits, acquire. The tcalculated of interest rate on commercial banks credit has a value of 9. They play a decisive role in the development of the industry and trade. This is an indication of positive relationship between commercial banks credit and agricultural productivity. Commercial banks mark significant importance in the economic development of a country as well as serving the financial requirements of the general public. However, the vulnerability of the indian economy with respect to the performance of the agricultural sector despite other macroeconomic indicators and sectors gaining in.
The study is a timeseries analysis and it covers a period of 22 years 199220. This study examined the effect of commercial banks credit on agricultural output in nigeria. Assessment of the contribution of commercial banks to economic growth in nigeria. Some banks like the central bank of nigeria cbn and development banks, the farmersbank have the main aim of correcting the economy while the later one is established purposely to develop some sector of the economy. Data for the study were collected from published articles and the central bank of nigeria statistical bulletin. Abstract of the role of commercial banks in the economic development of nigeria. The role of commercial bank in agricultural financing in enugu state includes abstract and chapter one, complete project material available the role of commercial bank in agricultural financing in enugu state abstract the object of this study is to determine the vital role played by commercial banks in agricultural financing in enugu state, which has been a major handicap to. Small and medium enterprises financing has no significant effect on the economic growth and development of nigeria. Agriculture in nigeria is a branch of the economy in nigeria, providing employment for about 30% of the population as of 2010. The development of this sector determines how it will be able to effectively and efficiently discharge its major. The role of commercial banks in agricultural growth in nigeria 1anifowose, o. Introduction the agricultural sector continues to play a crucial role for development, especially in lowincome.
Roles of commercial banks in nigeria pdf commercial banks in nigeria, thus making it useful for other researchers, schools and. The study investigated the effect of commercial bank on real sector development in nigeria over a period of 37 years 19812017. The role of a commercial bank in a developing country is discussed as under. Schumpeter says, it is the banking system which serves as a key agent along with the entrepreneur in the process of economic development. Much has changed since 1924, but the commercial banks commitment to the communities that we serve remains the same. Assessment of the contribution of commercial banks to. Pdf the role of commercial banks in agricultural growth in nigeria.
Working paper 192 empirical analysis of agricultural credit. As one of the few remaining locally owned and operated community banks in the athens area, the commercial bank has the unique ability to customize common sense solutions for each of our customers. Effect of commercial banks credit on agricultural productivity in. You may not realize it, but there are different types of banks and not all banks are authorized to do the same things. Commercial banks play a vital role in the economic development of every country. Click the download now button to get the complete project work instantly. The postsecond world war era saw the emergence of the world bank and regional banks.
They are acting not only as the custodian of the wealth of the country but also as resources of the country, which are necessary for the economic development of a nation. Commercial banks are an important part of a modern economy. The usage of inorganic fertilizers was promoted by nigerian government in the 1970s. Economic analysis of the role of microfinance banks in. Abstract this study aimed at evaluating the impact of commercial banks credit to agricultural sector under the agricultural. So, a modern bank plays a vital role in the socio economic matters of the country. Get free research paper on the role of commercial banks in economic development of nigeria our project topics and materials are suitable for students in nigeria with case studies in pdf, doc. In the provision of this the commercial banks have a role and one that can be. Chandrasekhar among the institutions whose role in the development of the less developed regions is well recognised but inadequately emphasised are the development banks. Commercial bank, agriculture, economic growth, nigeria.
Constraints to agricultural development in nigeria ojeka godfrey ofana1, effiong charles efefiom2 and eko eko omini1 1department of economics, federal university lafia, nasarawa state, nigeria 2department of economics, university of calabar, nigeria abstract. Such banks have been a major feature of the development finance architecture for many years. The role of commercial banks in agricultural growth and development in nigeria, free undergraduate project topics, research materials, education project topics, economics project topics, computer science project topics, hire a data analyst. It could be affirmative to say that the index for measuring any growing. The share of the commercial banks lending to agricultural sector in the selected africa countries is presented in table 2. Such a bank is a financial institution that is authorized by law to receive money from businesses and individuals and lend money to them. Development of nigerias agricultural subsector will be imperative if meaningful and sustainable national development is envisaged.
To determine and test the effect of some relevant economic variables and factors in the real gross domestic product gdp of nigeria. The role of commercial banks in agricultural development in nigeria 1986 2010 free download as. Commercial banks do not make any significant contribution towards the financing of smallscale business. This will equally be of help to commercial banks as it will serve as an eye opener on their various contributions to the development of nigerian economy. This study will be of great importance to the country nigeria as it will help the policy makers to prorogate laws that will enhance the contributions of. Agriculture, finance, credit, development, commercial bank, government, farmers, price index. In any society the role of bank play in agricultural sector is very crucial. The expost facto research design was adopted for the study. The impact of commercial banks credit to agriculture on agricultural development in nigeria. Commercial banks are institutions that conduct business for profit motive by accepting public deposits for various investment purposes.
It dealt with the problems of financing agricultural projects, the role of agricultural credit institutions such as the central bank of nigeria, the commercial and. The financial sector of any economy in the world plays a vital role in the development and growth of the economy. Pdf the role of commercial banks in agricultural growth in. The role of microfinance banks in financing agriculture in yola north local government area, adamawa state, nigeria. In punjab, cooperative banks play a significant role in the development of agriculture sector. The aim is to determine the relationship between commercial banks credit and agricultural productivity in the nigeria economy.
Commercial banks have always played an important position in the countrys economy. Mlr, 1 commercial banks credit cbc and investment by. The role of commercial banks in the economic development of nigeria. Abstractthe role of central bank of nigeria in agricultural finance development, problems and prospectsthe 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. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. It is evident that no sector in the economy can flourish or prosper without the support and services of the banking sector, agricultural sector, manufacturing. It was also the most driven sector of the nations economy. The commercial banks help in mobilising savings through network of branch banking. Nigeria, jamaica and barbados, all of which employ agricultural development.
Commercial banks role in financi 52 issn 20534086print, issn 20534094online ng small scale industries in nigeria a study of first bank. Punjab state is having a federal structure of cooperative banks having state cooperative agricultural development bank scbs as an apex institution with district central cooperative banks dccbs at. Abstract the study examined the role of microfinance banks in financing agriculture in yola. The commercial banks loan to agricultural sector is positive and significant at 5% level, contributing 67. Download the complete economics project topic and material chapter 15 titled the role of commercial banks in agricultural development in nigeria. Agriculture is an indispensable sector of the nigerian economy. The impact of commercial banks credit to agriculture on. Its secondary purpose is to assess the policies and program of cbn to the development of agricultural finance. Two main sources of smes financing micro finance banks and commercial banks are considered in this study. In this lesson, youll learn about commercial banks, including their role and. That is the impact they played in the overall development of the agricultural. Abstract the study examined the role of microfinance banks in financing agriculture in yola north local government area of admawa state. Apr 03, 2017 the study examines the role of commercial banks in agricultural development in nigeria, spanning from 19862010.
To attain development there should be a good developed financial system to support not only the economic but also the society. Four research hypotheses were formulated to guide and direct the study. The study only centers on the role of commercial banking in agricultural. Pdf the role of commercial banks in agricultural growth. Savings bank accountholder is required to maintain a minimum balance in his account to avail of cheque facilities. The role of microfinance banks in financing agriculture in. The role of commercial banks in agricultural development in nigeria. The role of commercial banks in the economic development. The banking system and financial institutions is one of the fastest growing and developing sectors of paramount importance in the nigeria economy. Available data show that the agricultural sector in nigeria. The findings from the study support the view that commercial bank loans are not getting to red farmers.
38 821 59 976 420 132 679 175 1445 484 200 1466 1496 386 1146 1275 1384 516 883 1524 1384 89 492 305 715 410 688 1271 1275 776 977 989 143 606 1303 1293 270 438 786 749 784 148 774 1434 176 1357