AGRICULTURE FINANCING IN NIGERIA PROBLEMS AND PROSPECT

CHAPTER ONE

INTRODUCTION

1.1. STATEMENT OF PROBLEM

The problem of low productivity and lack of improvement in agriculture has been traced to various causal factors.

One of such course is the lack of adequate finance to the agriculture’s. They complain that they do not have enough fund to carry on with their activities. We want to investigate the reasons why these formers find it difficult to raise enough money to carry out their important work.

I will also investigate the ways of eliminating these problems. Several measures have been taken by the government to encourage agriculture financing in the country but they houses not yielded the necessary effect for they are established.

1.2. RATIONALE OF STUDY

The study seeks to examine the various roles of financing agriculture Nigeria.

Specifically, The reasons for the study are:

Managers of agriculture business will be able and also have a wide range of solution to deal with agricultural financing in rural development.

Agriculture is very important in man’s every day life particularly in providing food for individual providing revenue for formers and the agriculture sector generate a sizeable point of the national income and can also contribute its quota to the success of the student in our institutions.

1.3. SIGNIFICANCE OF STUDY

Findings from an authentic study of this nature are expected to contribute immensely to our educational and agricultural policies and prospect in West African.

It would also assist formers and business men who are opportune to read this research work in their business activities. That is it would bring about increase in exportation of farm product hereby make life conformable in Nigeria.

1.4. DEFINITION OF TERMS

This research topic has some very key words which call for treatment before anything else.

Agriculture: This is a sector of economic achilles which provide human with some of their needs. Or the science and practice of captivating the land and keeping animal for man’s use.

AUTHENTIC: Genuine know to be true.

FINANCING: The management of money.

PROSPECT: Way of soling problem.

EXPORT: Selling goods to another country.