THE IMPACT OF COMMERCIAL BANK'S CREDIT ON AGRICULTURAL OUTPUT IN NIGERIA. (A CASE STUDY OF FIRST BANK PLC)
Abstract
Nigeria is endowed with huge expanse of fertile land, rivers,streams,lakes, forests and grasslands, as well as large active population that can sustain highly productive and profitable agricultural sector which can ensure self sufficiency in food and raw materials for the industrial sector as well as provide gainful employment for the teeming population and generate foreign exchange for the economy. Unfortunately agriculture contribution to economic growth has been declining since the advent of oil. Several factors account for the poor performance of the agricultural sector in Nigeria. These include virtual neglect of the sector, poor access to modern inputs and technology, and lack of optimum credit supply
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