THE EFFECT OF CREDIT RECOVERY ON THE PERFORMANCE OF NIGERIAN AGRICULTURAL COOPERATIVE AND RURAL DEVELOPMENT BANK (NACRDB)

Click here to download our android mobile app to your phone  for more materials and others

COMPLETE PROJECT  MATERIAL COST 2500 NAIRA OR $10 , WITH THE SOFTWARE 30,000 NAIRA

. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

ABSTRACT

In this abstract the effect of loan recovery on the performance of Nigeria agricultural cooperative and rural development bank (NARCRDB) is the topic and also the objective of the study includes how the scale farmers dwelled with Nigerian agricultural and rural development bank and also to know how the farmers finance their farming. More also, the objective of the study touches the loan given to the farmers is adequate or not. In conclusion, non recovery of agriculture loan are caused mainly by two broadly rated problems. They are the farmers problems and bank government rated problems. In recommendations in order to reduce the problems, sale farmers, it is however, worth to make some specific recommendations aimed at reducing the effect of this problems on the bank’s operations. More also education of farmers borrowers, need for intensive pre-loan analysis etc.

 

 

CHAPTER ONE:

Introduction

1.0     Background of the essay  –         –         –         –         –         1

Objectives of the essay    –         –         –         –         –         4

Significance of the essay  –         –         –         –         –         5

Scope of the essay –         –         –         –         –         –         7

Limitation of the essay     –         –         –         –         –         8

Definition of terms –         –         –         –         –         –         9

 

CHAPTER TWO

Literature review

2.0     Introduction                     –         –         –         –         –         –         13

2.1     Meaning of NACRDB     –         –         –         –         –         –         23

2.2     The aspect of NACRDB  –         –         –         –         –         24

2.3     Summary of literature review    –         –         –         –         28

 

 

CHAPTER THREE

Summary, conclusion and Recommendations

Summary     –         –         –         –         –         –         –         –         29

Conclusion  –         –         –         –         –         –         –         31

Recommendations-          –         –         –         –         –         –         35

Reference –  –         –         –         –         –        –         –         37
CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE EXTENDED ESSAY

The administration of credit can be regarded as important to financial institutions in any economy. Consequently the formulation and implementation of bound credit policies among the most crucial responsibilities of management in any financial institution. Thus this formulation of a sound credit policy is a necessary condition if financial institutions are to attain their objectives to serve the public in an efficient manner and more importantly, ensure the safety of their funds. An articulate credit management policy not only seeks to balance profit ability with liquidity but in doing so, it is expected to determine to whom credit must be granted, how to ensure successful recovery. (I Yowu 1985).

 

The achievement of an efficient credit management entails an element of subject judgment.

Abdullahi (1993) posited that “in order” to arrive at a good judgment there is a need to evaluate the cannons of lending or the five’s of credit namely condition, character, capacity, capital and collateral.

 

Nigeria Agricultural cooperative and rural development bank (NACRDB) was established on the 24th November 1972 and went into operation on 6th March 1973 its establishment was hinged on the now enhanced vindicated conviction that the bank will enhance the income level of farmers and this make farming more attractive.

 

Today (NACRDAB) started as the Nigeria Agricultural bank ltd (NAB) and actually took it’s new name in 1978 at the instance of the Nigerian government. this in the government view was to reflect more vividly, the bank commitment to Agricultural development through the promotion and financing of co-operates the general consensus however, was that these credit financing institutions, failed die to some factors. Agricultural experts say these factors ranged political interference, inefficient project, appraised monitoring and supervision, the low coverage of the farming population, trade quite funding adoption of the excessively rigid and time consuming procedures for processing loans application, low loan recovery and untimely loan disbursement, the loans institutional lending consisting of such informal sources as money lenders, friends relations and thrift societies, took advantage of the weakness of these institutional lenders to change exorbitant rate themselves which the government commissioned a number of studies which finally culminated in the world bank stonenam report of 1969.

 

The report recommended among other things the establishment of a National Agricultural credit institution, whose major function would be the provision of credit to farmer so as to exterminate the major impediment to agricultural development in Nigeria.

And after 22 years of existence (NACRDB) can unequivocally be said to have lived up to these objectives it has provided diverse credits to improve the whole ambit of the country’s agricultural and agro business. Thus, the (NACRDB) of today is a welcome relief to Nigerian farmers, the banks inauguration market an important land mark in the history of the nation’s agricultural development and it is has continued to serve as a national financing institution devoted industry to investing in all aspect of the agricultural industry. And more importantly, it has continued to serve as a source of fund to Nigeria farmers.

 

1.1     OBJECTIVE OF THE EXTENDED ESSAY

The following are the objectives of the extended essay;

TO find out the beneficiaries of NACRDB loan.

To find out the rate of loan repayment and its consistency

To find out how NACRDB loan is disbursed