The Role of Central Bank of Nigeria in Agricultural Finance Development

The Role of Central Bank of Nigeria in Agricultural Finance Development

Many agricultural credit programmes in Nigeria have been  establishment  of each of these schemes since the early 1960s. The main purpose of each of these schemes has been to make credit available to small-scale farmers to enable them procure those modern inputs that are capable of raising the productivities of the traditional agricultural inputs – land and labour. It is a known fact that agriculture is the mainstay, of the economy of Nigeria since it is the major source of food for the growing population and was the only source of foreign exchange before the discovery of oil. [Read more…]