The Role Of The Federal Government In Cooperative Financing (A Case Study Of Nigeria Agricultural Co-Operative Rural Development Bank, Imo State Branch Office)

Project and Seminar Material for Cooperative Economics and Management CEM

The Role Of The Federal Government In Cooperative Financing (A Case Study Of Nigeria Agricultural Co-Operative Rural Development Bank, Imo State Branch Office)


The desire to make this humble contribution grew out of the to meet the fell need of promotion in Nigeria, this work has three potential aims

Firstly is to accreting the importance of co-operative to the national economy. Secondly is to determine the best method in promoting co-operative production. Thirdly, it solved them. Most countries of the world are studying very had to achieve the overall development of their countries they lend to adopt various development strategies. One common development strategy adopted by most development countries is diversifying of economy.

This is more reason one co-operative like Nigeria should emphasis on co-operative production as means diversifying their economy they should not depend on oil alone to avoid an adverse unforeseen circumstance bearing this in mind, the writer of this book have emphasize on the best ways of encouraging farmers to continues with co-operative production through incentives and other necessary are that promote co-operative production.

Table Of Contents

Preliminary Page(s)

  • Title page
  • Approval
  • Dedication
  • Acknowledgement
  • Abstract
  • Table of contents

Chapter One

1.0 Introduction

  • 1.1 Background of the study
  • 1.2 Statement of the problem
  • 1.3 Objective of the study
  • 1.4 Scope and limitation of the study
  • 1.5 Research question
  • 1.6 Significance for the study
  • 1.7 Definition of terms

Chapter Two

2.0 Literature Review

  • 2.1 Historical development of co-operative
  • 2.2 Roles of co-operative in National development
  • 2.3 Co- operative financing
  • 2.4 Government roles in co-operative financing
  • 2.5 Problems in financing of co-operative

Chapter Three

3.0 Research methodology

  • 3.1 Research method and Design
  • 3.2 Sample design
  • 3.3 Methods and sources of date
  • 3.4 Procedure for processing data

Chapter Four

4.0 Presentation and Analysis of Data

  • 4.1 Presentation of data
  • 4.2 Analysis of data
  • 4.3 Discussion of interpretation

Chapter Five

5.0 Summary Conclusion and Recommendation

  • 5.1 summary
  • 5.2 Conclusion
  • 5.3 Recommendation
  • Bibliography
  • Appendix
  • Questionnaire

Chapter One

1.0 Introduction

The choice of this topic, the role of the federal Government is co-operative financing can not be over liked at the present Economic situation of the country.

This is because of the fact that the issue of co-operative financing has reached all the likes and corners of Nigeria. The past and present regime emphasized on the best way of encouraging co-operation development through this does not mean that is needed for co-operative developments have been achieved. Rural and co-operative development has been strategies and plans in under way to articulate and executer of well to help improve the living standard of the rural population.

Development and economic growth is essential determine by the standard of living of both the rural and urban dwellers. We can not take of development and growth of Nigeria economy, neglecting the development of our rural one the experience and successes achieved by Israel, china, Tanzania and our spirits, interest enthusiasm and determination towards the development of our co-operative base.

A well planned rural development is the answer to rural poverty ignorance superstition and congestion in city centers. A well articulated and planned rural condition to natural integrates co-operative development and economic growth. This will also create awareness and increase the economic standard of the rural population. And it eliminates such plagues as ignorance, poverty, poor standard of living and general backwardness associated with under development.

This issue of infrastructure development which pertinent to co-operative development will include out rural dwellers as long as the rural area are not developed. And one imagines what life electricity, pipe borne water, good road, networks, education facilities, viewing centers and other.

As this juncture, I wish to make it clear here that the Nigeria agricultural co-operative rural development bank (NACRDB) which I am studying renders both advisory and financial assistance to any farmer or group of farmers.
What (NACRDB) does includes

  1. Identify the interested farmers
  2. Help them prepare feasibility study
  3. Know their problems
  4. Grant them loans (financial assistance)
  5. Advise farmers on the best project to embank on

In the introduction, I wish to mention that the NACRDB imo branch office has embarked on many programs to educate the farmer within and outside Imo on the best way to promote co-operative development.

1.1 Background Of The Study

Co-operative agriculture is the growth of crops and raring of animals for human consumption. Crops include cash and food crops, seed, seedlings, it also includes those that engage in livestock, horticulture and orderly.

On the ether hand, timber production, forestry conservation etc. are branches of co-operative have on single origin, this is true in the economic history of other countries all over nature and creation as Nigeria existed. Agricultural has farmed and feed them selves, kept flack before the advert of western civilization

According to a famous book, encyclopedia Britannica nineteenth century scholars hypothesized four stages in man as co-operative development. These include.

  1. A savage stage in which all man were hunters and wanderers
  2. A Herdsmen, or normal stage during which the domesticated some animals
  3. A farming stage
  4. Civilization stage

Sources; encyclopedia Britannia vii (A) 1981 pg 304 Botanical, and archeological and zoological researchers have since attempted to determine when and where man first change from hunter wanderers to pasturage cost or agriculturalist. These scholars and research generalized their findings world wide with the generalized the writer assumed that the same should be case with the historical development of co-operative in Nigeria social economic wise took the same turn.

1.2 Statement Of The Problem

Co-operative has always been the subject of critic comments form the general public about the role of will play in the socio economic life of the populace, our issue of rural development, it is the same. In many of our rural areas, people have always been heard civilized government and it is agents of being partial in the provision of social amenities, been responsible for the present rural urban immigration causing poor standard of living in the country
We all know quite will that over 80% of Agricultural activities in the country are done in the rural area. In the village, farmer complain of the non-availability of some essential commodities ( pipe borne water, electricity and road) credit facilities such as loans from banks all these make let tire some and born in the rural area

In general, the people complain the government should diversify its economic strength. Nigeria government and encourage the youths to embank on co-operative agricultural production. This is due to the fact that before the advent of oil bum, the strength of Nigeria economy was vested on co-operative

1.3 Objective Of The Study

The objective of the study is to crudity the collusive nature of government emphasis on co-operative development .It will also help the individual and all agronomists to know how to obtain loans from this financing advice from such federal establishment that love help the individual in planning his Agricultural co-operative investments. By the time any interested person would go through this place of work, it is believed that some objective of federal established financing housing in promoting the economy of the nation will be noted .To cap it up, the person will also see the effort made by the federal government in promoting co-operative development.

1.4 Scope And Limitations Of The Study

The research work is to cover only imo zonal branch operative area of Nigeria Agricultural co-operative Rural development bank (NACRDB) it will not study in detail the activities development time constraints was one of my greatest problems there were constraints and limitation posed by the government bureaucratic.

As a result it made things very difficult for me to get all the information required for the project.

1.5 Research Questions

  1. Does the NACRDB contribute in financing co-operative projects in Imo State
  2. Is there any projects facing co-operative financing
  3. Does the NACRDB financing co-operative through loans or on tending
  4. How much loans has NACRDB given to co-operative over the period of 2002-2006

1.6 Significance Of The Study

The aim of the study is to find the best way of ensuring steady co-operative development in Nigeria or imo state this topic was chosen to be in line with clarion call by the government for a rapid co-operative development in the great country and her states.

This study will also help our development planners and agronomists to lay more emphasis on the programs that will facilitate the rate of co-operative growth this study is also aimed at x- raying the importance of financial institution to Agricultural transformation of life in co-operative finally, it is my be life that if my recommendation reoffered to and considered objectively by the government powers a how answer will be created and our people attitude towards the co-operative development will change positively.

1.8 Definition Of Terms

Co-operative; co-operative association is an economic institution which existing system of free competition aims to correct wordy of party the natural imperfection of the distribution of wealth

1. Agricultural;

This is the growing of crops and rearing of animals for human consumption

2. Financing;

This term financing in this contest should mean as monetary of loan to the agronomist.

3. Development;

This is an act of improving from the initial state of Agricultural state to a more standard term.

Chapter Five

Summary Of Findings Conclusion And Recommendations

5.1 Summary Of Findings

From the analysis data in the research of conveyed significant information in there important role of government in promoting co-operative development. Agricultural as an important source of national income or foreign exchange earner to the national economy the data collected also touched on some crucial problem facing agricultural development in Nigeria notably are

  1. Lack of finance
  2. Lack of infrastructural elopement
  3. Lack of technological know-how

Also from the infrastructure I get from this research we understand the federal government has efforts by the federal government where the establishment of Nigeria Agricultural co-operative and rural development Bank in 1978 to help Agriculture in Nigeria be achieving the same financial preambles then do encounter it is desirable here to point out despite the important role of the federal government in promoting established financial institutions such as NACRDB has helped considerably in solving the financial problems facing the co-operative in the country.

5.2 Conclusion

In conclusion o f this research, it should be pointed out that research maintained that the federal government has an important role to play in co-operative financing therefore for any country to make progressive dives, co-operative development and have a reliable agricultural co-operative project through which the national income of the country can grow

  1. Moreover, the study has shown the best measure to promote co-operative development and ensure a substantial economic growth
  2. They are asked to do this through the assistance of some federal government owned financial institutions such as Nigeria agricultural co-operative and rural development Bank (NACRDB)
  3. The essence of the empirical study therefore is to enable the government to work out more methodology and most reason for financing co-operative project in Nigeria as a whole

5.3 Recommendations

From the analysis in the previous chapter, it will be necessary that federal government should put in more efforts or ensuring that loans are given to agriculture in the country without mush bureaucracy

They should also advice the management of any of the federal owned financial institution that its duties, is similar to NACRDB to ensure that the loans they are giving to their costumers are not diverted to some other projects rather the said agricultural co-operative project

Emphasis should be laid on the promotion of co-operative development through source on information on a more viable agricultural co-operative project through research of different types of agricultural drops

Research on the best method of cultivating crops to yield maximum, output

Workers of federal owned financial institutions such as NACROB should avoid partially nepotism or tribalism, and before granting loans to applicant to loans granted

I will also suggest that the federal government should endeavor to hand the federal owned financial institution to obtain loans from the international bodies comfortably or without any financial difficulty

To this end , the researcher believe that if all these and more measures are taken properly, observe these will be a progressive drive in areas of co-operative development in Nigeria.

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