Using Nigeria Agricultural Cooperative and Rural Development Bank Small Holder...

! # $ ! % % & (!%%& Using Nigeria artless Cooperative and Rural exploitation cuss minor carrier direct loan scheme to attach agricultural production in rural Oyo State, Nigeria 1 1 Oyeyinka, R. A. and K. K. 2Bolarinwa division of unsophisticated Education,Federal College of Education (Special), P. M. B. 1089, Oyo, Oyo State, Nigeria. E-mail: drraoye@yahoo.com 2 Department of Agricultural Administration, College of Agricultural Management and Rural Development University of Agriculture Abeokuta, Nigeria. Correspondent motive: E-mail: bolarinwakolade@yahoo.com Abstract: Credit disbursement has been given precession by the Nigerian Agricultural Cooperative and Rural Development Bank. The study examined the use of NACRDB Small-holder Direct Loan Scheme to sum up agricultural productivity in the rural areas of Oyo State, Nigeria. Systematic hit-or-miss sampling technique was utilize to select cxxx beneficiaries and 130 non-beneficiaries for the study. The results of the study showed that beneficiaries have significantly higher mean contribute index (1467), than non-beneficiaries (600). Also the income realized by the beneficiaries (N70,000 per annum) is higher than that of non-beneficiaries (N30,000 per annum).

Generally, the donees access to credit has enabled them to make efficient used of improved farm inputs and labour than non-beneficiaries. It could be deduced that NACRDB small holder direct loan scheme is capable of transforming rural market-gardening. Keywords: Agricultural credit, loan scheme, agricultural production INTRODUCTION Agriculture has been and is equable the bedrock on which every successful and stable economy the world over is built. In Nigeria today, agriculture accounts for one three of the Gross Domestic Product (GDP) and employs about two trey of the labour force (Oyeyinka, 2002). The Nigerian Agricultural policy places the small scale farmers in central focus. This is because, the nations agriculture has always been dominated by the... If you want to get a full essay, order it on our website: Orderessay

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