THE ROLE OF COOPERATIVE SOCIETY ON THE DEVELOPMENT OF AGRICULTUREIN EKITI STATE (A CASE STUDY OF EKITI IFESOWOPO COOPERATIVE SOCIETY LIMITED, ADO EKITI

Student: Eniola Bukola Ogunkoya
Supervisor: Mr John Ogungbamigbe
HOD: Mr Omotola Olayiwola
Department of Business Administration and Management
Business Studies
Crown Polytechnic, Odo, Ado-Ekiti, Ekiti State

Abstract

This research work focus on the role and contribution of the Nigeria Agricultural Co-operative and Rural Development Bank in financing agriculture in Nigeria. The revealed importance and emphasized on Nigeria agriculture co operative and rural development bank. According to the topic agriculture can be regarded as having several major components such as agricultural economics, agricultural also has much importance which include the provision of food for consumption and raw materials for industries. The statement of problems in this research work like the area of gathering information relating to the topic, the following problem hinder the development of agricultural in Nigeria such as financial problem, there is low concentration of some road and rural infrastructure by the military regime which focused solely on the development of rural areas within the federation. In addition different bank were established to perform interested task in the society such as Nigeria Industrial Development Bank for instance it was established purposely for industrial growth and development in the country. The bank has been helping the various agricultural projects in it role of financing by issuing long term loan to the farmers to carry out their agricultural operations and purchase of farm inputs local and modern to increase their productivity. Simple percentage and descriptive research analysis techniques was used to analyse the data gathered. It is recommended that there should be an increase of qualified and experienced man power in agriculture financing in Nigeria NACRDB should ensure that it review its operating system periodically and also standardization and computerization of its operation

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