Download complete project topics and materials on The Impact Of Bank Of Agriculture In Development Of Agricultural Cooperative Societies from chapter one to five.
CHAPTER ONE
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1.1 INTRODUCTION
Bank of agricultural development in Nigeria’s premier agricultural and rural development finance institution 100% wholly owned by the Federal Government of Nigeria. The ownership structure is central bank of Nigeria (CBN) 40% and federal ministry of finance incorporated 60% bank of agricultural limited is supervised by the federal ministry of agriculture.
The bank was incorporated as Nigeria agriculture bank (NAB) in 1973 and in 1978, was renamed Nigeria agricultural and cooperative bank (NACB) subsequently in 2000, it was merged with the people’sbank of Nigeria (PBN) and took over the risk assets of family economic advancement of programme (FEAP) to become Nigeria agricultural cooperative and rural development bank limited (NACRDB) a name the has always be considered too long and unwieldy.
A plan to repositionthe bank into an effective and sustainable National agricultural and ruraldevelopment finances institution in 2010 led to a further name change to bank of agricultural limited (BOA).
Agricultural Cooperative Society are the most predominant in Nigeria cooperative movement they account for about a total of 90% of registered society in Nigeria.
International cooperative advance (ICA 1995) define cooperative society as an autonomous association of person unitedvoluntary to meet their common economic social and cultural needs and aspiration through a jointly owned and democratic controlled enterprise. It is usually submitted that national membership size less than 5% of the total population also the volume of business handle by cooperative is relatively very low.
Cooperative have certainly made the kind of expected growth and desired not impact that could transform the rural sector when the status quo is related to the evidence from nation.
The point that needs to be made through pockets of progressively managed cooperative have been reported, they are not usually sustained while problem of cooperative develop are multi-factorial.
It is strong believed that the main problem and associated problem are rooted in lack of appropriate cooperative financing. It is therefore the objective of this study to examined low bank of agriculture, affected the development of agricultural cooperative society.
They provide them with various ways on how to raise theircapital and cash crop for a successful production, like any other businessactivities. They need both fired and current capital to buy the available resource need for the operation and long existence of the business. This is possible through the establishment of bank of agriculture by the establishment of this bank the development of agricultural cooperative society.
1.2 STATEMENT OF THE PROBLEM
Bank of agricultural (BOA) has run into problem. Agricultural cooperative society are not doing well as expected despite the great important attached to it. The issues to be looked into are as follows.
A cooperative member does not have the abilities to help themselves in achieving the self-goals and objective from the formation.
Members are not regularly informed about the importance attached to the finance.
Financial resources contributed by members are not well managed.
Production Of Sensory Evaluation On Pie
1.3 OBJECTIVES OF THE STUDY
To examine the impact of bank of agricultural in the development of agricultural cooperative society.
To know why the agricultural cooperative society member does not have ability to help themselves in achieving the self-goal and objectives form the formation.
To identify the problem faced by the bank of agricultural in the development of agricultural society.
1.4 RESEARCH QUESTIONS
What are the impact of bank of agriculture in the development of agriculture cooperative society.
Why the What are the problems faced by bank of agriculture on the development of cooperative society.
1.2 SCOPE OF THE STUDY
This study will focus on the bank of agricultural in the development of agricultural cooperative. This will cover the role played by the bank of agricultural and the rural develop effective such financial facilities and how to be agriculture cooperative society. This will also highlight some of the issues and problem faced by the bank of agriculture.
1.6 SIGNIFICANCE OF STUDY
The significance of study of this magnitude cannot be overemphasis.
The impact of bank of agriculture on the development of agriculture cooperative suites was making the society to earn a lot of benefit which are as fellows.
Helps provide some source of getting finance to the society so as to run the societies business easing without many difficulties.
Helps facilitate the operation and increase member’s participation in societal activities
However, the significant of the study will help in the development of area under study not only the society alone but also the environment in which the business operating will also grow or develop fastly.
1.7 DEFINITION OF TERMS
For the aim of the project the following terms are defined below.
Impact: This means the outcome of proving bank of agriculture in different area, in the benefit of different people as well as different organization.
Bank of Agriculture: This is a bank that is impose over long period of time allows low rate of income.
Development: This is the advance agricultural cooperative production organization into a large scale or high level society (economic & society).
Cooperative Society:This is a society that brings people together in other to achievetheir economic and social goal.
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