THE EFFECT OF MICROFINANCE BANKS SERVICES ON AGRICULTURAL PRODUCTION OF MEMBERS OF COOPERATIVE SOCIETIES
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
STATEMENT OF RESEARCH PROBLEM
According to Anyanwu etal (1997:14) “the agricultural sector has been recognized for a long time as an important sector to Nigeria economy and development is one of the crucial requirements for the overall economic growth.
He noted further that the declined in agricultural activities might appear natural in any development process, it is obvious that in Nigeria agricultural activities would remain the most important single sector for some time to come. He emphasized that in the past, development planners have introduce programs such as national accelerated food production project (NATPP), green revolution programs (GRP), In search for all appropriate technique in order to increase farm output and productivity and such program have at one time been implemented.
Based on these, a number of problems one facing the agricultural sector and they are as following. Inadequate finance or credit facilities, inadequate farms input, lack of storage facilities, lack of basic amenities, Lack of technical know-how, lack of research and illiteracy of the farmers.
The questions to which this research will provide answers to one, is the credit advanced to cooperative members through microfinance adequate to have a significant impact on agriculture? All these problems can be solved or rather reduce when there is adequate financing.
RESEARCH QUESTIONS
This study revolved around the answering of the following research question.
- What extent does microfinance loans influences the agricultural output in Nigeria economy?
- What policy actions can be implemented to boost the agricultural productivity in Nigeria through microfinance?
OBJECTIVES OF THE STUDY
In this study therefore, the researcher hope to accomplish the following objectives:
- To determine how microfinance loans/credit granted to the farmers can influences the agricultural output in Nigeria economy.
- To determine policy actions in which agricultural output can be improved through microfinance bank credit.
HYPOTHESIS OF THE STUDY
Microfinance banks loans have no significant impact on agricultural production in Nigeria.
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