THE ROLE OF DEPOSIT MONEY BANKS IN AGRICULTURAL FINANCING IN NIGERIA (CASE STUDY OF FIRST BANK OF NIGERIA PLC KAURA NAMODA ZAMFARA STATE)

ABSTRACT This research work was based on "The Role of Deposit Money banks in Agricultural Financing in Nigeria". The objective of this study is to determine the contribution of Government through Central bank, Agricultural Credit Guaranteed scheme Fund (ACGSF) etc., in financing agricultural sector in Nigeria. It expresses agricultural credit facilities of first bank and the risk involve in recovering loan and advancement of farmers. It studies the entire money deposit banks in country but restricted to the case study of 15 staff which represent the sample size. Questionnaire as an instrumental factor was used to obtain necessary information in respect of agricultural finance. From the findings, there are sometimes when there is default in repayment of loan by farmers thus, leads to bad debt. This is being taken care of by collecting collateral from farmer by the deposit money banks before granting loan to them. In addition the value of loan granted to farmers by first bank kaura Namoda reveals a negative growth rate of (985) % in 2024 which indicate a low level of growth rate and 70% respectively. Recommendations were made which include, the 2008 recommendation and formulation of more financial institutions and credit schemes that engaged in agricultural finance by government. The government should also provide infrastructural facilities to facilitate agricultural production such as good road, dams for irrigation farriers, farms equipment e.t.c