Development Of Public Library In Nigeria

Development Of Public Library In Nigeria  

CHAPTER ONE

INTRODUCTION

  • BACKGROUND OF THE STUDY

The history of libraries began with the first effort to organize collections of documents. Topics of interest include accessibility of the collection, acquisition of materials, management and finding tools, the book trade the influence of the physical properties of the different writing materials, language distribution, role in education, rates of literacy, budgets, staffing, libraries for specially targeted audiences, architectural merit, patterns of usage and the role of libraries in a nations cultural heritage and the role of government, church or private sponsorship. Since the 1960s issues of computerization and digitalization come to the fore. Continue reading Development Of Public Library In Nigeria

Entrepreneurship Skills And Economic Development Of Anambra State

Entrepreneurship Skills And Economic Development Of Anambra State (A Study Of Nnewi North Lga) 2010-2015

CHAPTER ONE

INTRODUCTION

  • Background of the study

Global dynamics have dramatically changed in the last few decades. Many countries in South East Asia and Latin America have become dominant in the exports of manufactured goods and are increasingly becoming key players in global economic environment. Unfortunately there exists a universal pessimism about Africa’s economic growth prospect. Botswana and South Africa remain exceptions simply because of their well calculated policies which direct revenue from diamond exports towards developing infrastructure and human capital. Continue reading Entrepreneurship Skills And Economic Development Of Anambra State

Population Census And National Development In Nigeria

Population Census And National Development In Nigeria: A Study Of The 2006 Population Census In Anambra State.

CHAPTER ONE

INTRODUCTION

  • Background of the study

Census in Nigeria is nothing to write home about, from colonial era to 2006 various governments and agencies have tried their best to prefer solution to the problems of census on Nigeria without success factors responsible range  from collection of data, illiteracy and poor accessibility to remote area, inadequate professional expertise etc. It has failed due tot out environment that is controlled by corruption. Since census figure is used as a basis for parliamentary Continue reading Population Census And National Development In Nigeria

Loan Administration To Agricultural Co-Operative Societies

Loan Administration To Agricultural Co-Operative Societies By Nigeria Agricultural Co-Operative And Rural Development Bank In Enugu.

                            ABSTRACT

This research project is a very crucial study on the analysis of loan administration to agricultural co-operative society by Nigerian agricultural co-operative and rural development bank. The study is motivated by the necessity to establish the extent of agricultural co-operatives.

To solve the research problem, primary and secondary data was collected. The data were questionnaire and oral interview.  The respondents comprised of personnel from the bank. In organizing and presenting data collected, tables, frequencies and percentages were used. Data analysis and interpretation gives the following findings.

–           Criteria for granting loan to co-operative is that they should have an account holder have viable and bankable project and should be credit worthy.

–           Collateral securities do no pose much problem to give facility to farmer.

–           Insurance cover is necessary to cover some degree of risk involved in co-operative failure.

–           The level of response towards loan facilities is very satisfactory.

–           Loan management by co-operatives are very satisfactory.

Based on the findings the researcher recommends that banks should constitute a feasible alternative for providing financial assistance to support all effort for further development of co-operative sector. Banks should develop their farmers by allowing agricultural loan to cover all stages of agricultural production, consultation of agricultural specialist by farmer if need be lending should be basically for agricultural activities.

The conclusion of the study is the role NACRDB has played to enhance agricultural sector in Enugu and Nigeria in general. It has proved to be an important channel in providing financial services particularly credit to small farmers.

CHAPTER ONE

1.0   INTRODUCTION

Banks are financial house with the authority to guide groups and individuals who could be having monetary transaction to do. The provision of sound financial regulations that make for economic well being is very essential and the assistance of financial house in building up a safe terrain of monetary reserves is very important.  The well directed influence of vital banks on the larger society, as a whole is always something to admire every time. The need to have economic group well tested and approved of with the education of members of the society in forming a financial variable social ground belong in the part to the intelligent services rendered by banks.

In agricultural cooperation societies where individuals who hold agricultural stock could amount to a greater gain to the advancement of their individual well being and collective aspiration. Government has whole lot of work load to carryout financially or otherwise and so has not much moment to supervise minor economic units. She has to assign a duty to her agencies, these agencies as the dog in the wheal of the success of such co-operative societies and of the same time supply the necessary materials for the improvement and standard procedure. Special agro-allied banks have been set up under the auspices of the Apex bank to grant material aid to agro-stock holders. Example- Commercial Bank Limited Nigeria-agricultural co-operative and rural development bank.

These financial institutions have the authority to deal on multiple problems traumatizing agriculture. The bank of agriculture is becoming so highly modernized so that it will take a lot of money to produce food and cash crops in much profitable abundance. If it is with these in mind that government has arranged with her many agencies to bring some relief to aspiring agro stockholders.

Banks in any nation have the keynote to play on unfolding the financial success in the economy.

  • BACKGROUND OF THE STUDY

Agricultural co-operative society is a venture by some farmers who hold agricultural stock and are seeking to uplift their collective and individual agricultural standards. These standard range from planting tag techniques to seed procuring and from financial subsidization to produce display in proper places. Agricultural co-operatives provide useful services where none exist especially one that would be uneconomic for individual ownership. To induce excessive cost of middlemen help farmers get a fair share of national income, direct agriculture towards the goals of national economic planning and generally to  improve the economic and social conditions of rural people. They seek for favourable trends such as loan, scheme, banking services and general market safety regulations. Ignorance of new method, benefits and possible support from responsible agencies have killed an idea to turn agriculture around for the better. Bank being organized financial units that can monitor research, cash flow and general economic trends happen to be a greater case to deal with farmers.

The ideal relationship between the financial institutions and farmers as individuals or as co-operatives could not be over emphasized.  Individual farmers could find relative bank services fit for a great initiative transformation. Financial scheme that enable peasant transformation into giants in agriculture are abundant such as a loan in agricultural cooperative society where many   individuals pull resources together. The level in individual maturity and productivity capacity could not be reckoned with.

Nigerian Agricultural Co-operative and Rural Development Bank (NACRDB) has been selected as a case organization. The Nigeria agricultural and co-operative bank is a specialized bank primary set up to enhance investment in agriculture. It was established in 1973 and was commissioned in 1975. it was later merged with people bank and the family economic advancement  programme (FEAP) in 2002. It grants loan to small holders and large investment holders. Its major problem is inaccessibility of credit by small scale farmers, this problem is solved by putting emphasis on co-operative formation.

Its objective include efficient and effective credit administration with target beneficiaries being rural poor. The minimum percentage of interest rate emerges when loan is granted and 8% maximum loan amount are revised upward depending on timely repayment of previous loans and client  investment.

  • STATEMENT OF THE PROBLEM

The ability of the agricultural co-operative society to develop rapidly depends on the extent to which loan are being provided.  These have been concentrated effort by government to enhance agricultural productivity in Nigeria. For instance the federal and state government have set up some agencies like Nigerian Agricultural Co-operative and Rural Development Bank, to help small stockholders by granting them loan to improve agricultural production.

But inspite of all the effort being made, farmers still experience low or decrease in production, due to the fact that farmers do not have collateral to offer. List of crop failure can be very high, interest charged an be too high for the returns economic activities, records are not properly kept for lack of insurance  coverage.

What are the causes of this low productivity in agricultural co-operative. What can be done to remedy the situation to make recommendation as to how banks can increase it effectiveness towards agricultural production.

Co-operative development in Nigeria have so many problem like improper funding both within and outside the co-operative complex government stifling control leading to over dependence on government handout. Government in Nigeria do not give concession to specialized banks which will enable them to extend adequate funds to co-operative societies.

1.3       OBJECTIVES OF THE STUDY

The general purpose of this project is to undertake a study and analyze how loan are being granted/administered to agricultural co-operative societies.

With the recent drive for higher efficiency by the co-operative societies and consequent effort being put in by banks and government in strengthening the existing co-operative enterprises.

The study will address the following objectives:

  • To determine the causes of low productivity in agricultural co-operatives
  • To determine what can be done to enhance agricultural production.
  • To appraise the contribution of banks to the profitability of agricultural development.
  • To make recommendation as to how bank can increase its support in agricultural co-operative.
  • To determine the level of involvement of co-operative as a business outfit and the overall management of their own co-operative enterprise.
  • To explore other possible ways in which cooperative can be assisted or supported.
  • To identify the problems that always confront co-operative societies which prevent them from meeting their financial obligations.

1.4       SIGNIFICANCE OF THE STUDY

This study is very timely, especially now that the entire societies hands are on deck to enhance the development and growth of Nigerian economy.

This study will help farmers to know immense benefit of banks in financing agriculture; in addition lack of credit is a major factor. For the lack of development of agro business, hence it is required to buy input and improved technology. It is expected that this findings will help us to know that credit is a major accelerator of development. If other essentials needed for development are available. Through this investigation, therefore both banks and co-operative will undertake their short coming and will subsequently adopt measure aimed at enhancing agricultural effectiveness and development.

It will also help government to adopt the right agro business credit policies to enhance credit effectiveness. This study will help us to know the constraints in credit availability to farmers.

This work also intends to provide an adequate information about the technicalities and strategies involved in improving co-operative business enterprise which can serve as a guide to those people who mighty wish to get involved in this type of business and those already in it.

  • SCOPE AND LIMITATION OF THE STUDY

This research work will entail basic understanding about the contributions of banks to co-operative development. The research study is limited to the geographical and political boundaries of Nigeria in general and Enugu Metropolis in particular. It involves only Nigerian agricultural co-operative and rural development bank. Among other financial institutes, this study is to ascertain and analyze how loans are being administered to agricultural co-operative. How they have been able to facilitate the development of agricultural co-operative and to boast small stockholders and large –scale investors Nigeria agricultural co-operative and rural development bank (NACRDB) is being used as the case study.

This work also points out the relevance in a clear understanding of the meaning, need and essence of co-operative movement. It will concentrate on blending the importance of co-operative society.

1.6       LIMITATION OF THE STUDY

It would have been ideal to involve other financial institution but for constraints of time, finance and other material resources, which makes it difficult as regards these projects only Nigerian agricultural co-operative and rural development banks were studied.

In the course of accomplishing this study the researcher faced so many limitations.

TIME

Its certain that time waits for no man , the period at hand is not enough to gather data from paper analysis, other academic responsibility and curriculum activities, all these has been an obstacle to this study.

FINANCE

A good project needs current and relevant information and they are just available in a place. So, one need to search from one place to other which require a lot of money, due to financial handicap as a student one have to channel all resources to one base.

Lack of relevant literature is also one of the problems because there was not much information about the project work. Another problem is the attitude of the respondents especially when it comes to being questioned, orally, filling returning the questionnaire. All these slowed the general pace of the progress.

1.7       RESEARCH QUESTIONS

  1. Have banks been able to improve the efficiency of agricultural production in large scale?
  2. Does Nigerian government give concession to specialized banks which will enable them to extend adequate funds to co-operative societies?
  3. Have bank inputs been able to increase the volume of yield and manpower resources?
  4. Has it been able to increase the income of farmers?
  5. has it been able to make for easy access availability of credit to farmers?

1.8    DEFINITION OF TERMS

AGRICULTURE- Can be broadly defined as the art and science of production of plant and animals that are useful to man.

CO-OPERATIVE SOCIETY- Is an association f persons  who have voluntarily joined together to achieve a common end through the formation of a democratically controlled business organization, making equitable contributions to the capital required  and accepting a fair share of the risks and benefit of the undertaking in which the member actively participate.

GROUP LOAN/ CREDIT

     Non individuals credit in which funds for productivity purpose are extended to group of farmers.

COLLECTIVE FARMING

     This implies the entire members pooling resources and land together for coo-operative farming.

RETURNS ;These are monetary value resulting from scale of  output

BUDGETING ;Planning for future with respect to expenditure and income.

 

 

PHILOSOPHY AND NATIONAL DEVELOPMENT

PHILOSOPHY AND NATIONAL DEVELOPMENT: A CRITICAL ANALYSIS OF NIGERIA SOCIO-ECONOMIC SITUATION.

ABSTRACT

It is generally believed that philosophy is a pure abstract speculation about theories which have no bearing on practical life. This means that philosophy plays no major role in nation building. This view about philosophy is false because the  history of western philosophy has shown that philosophy is one of the instruments that have shaped societies and its relevance can be of immence help in helping us attain sustainable development. Nigeria as a nation  is bedeviled with many problems and challenges such as insecurity, bribery and corruption embezzlement of public fund, ethnicity and nepotism, epileptic power supply, high rate o unemployment,  election rigging (win at all cost syndrome) just to mention just a few. The purpose of this work is to show how philosophy can be of great help in tackling these challengers and help to build a better society. The analytic method will also help us to analyze these challenges and proffer solutions.

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF STUDY

It is generally believed that philosophy is mainly an abstract speculation about theories that have no practical relevance on national development. Sequel to this, some people have come to the conclusion that philosophy concerns itself with metaphysical, ethical, and religious issues, while philosophers themselves spend much of their time discussing and debating on abstract issues and concepts such as the existence of God, theories of essences and substances, appearance and reality, and so on, rather than concentrate on issues that has practical and empirical relevance to the society. Continue reading PHILOSOPHY AND NATIONAL DEVELOPMENT

THE ROLE OF LOCAL GOVERNMENT IN RURAL DEVELOPMENT

THE ROLE OF LOCAL GOVERNMENT IN RURAL DEVELOPMENT (A CASE STUDY OF ORUMBA SOUTH LOCALGOVERNMENT AREA IN ANAMBRA STATE).

ABSTRACT

This study have attempted to examine the role of local government in Rural Development in Nigeria with a particular reference to Orumba South Local Government Area in Anambra State. It project Rural Development as a process through which the government provides basic amenities and essential services needed for the welfare of the rural. It is seen as a process by which people organize themselves and embark in a self-help project in other to improve their welfare.

It easy discuss the following;

  • The planning of the Rural development
  • Importance of Rural development.
  • Objectives of Rural development.
  • Problems of Rural development.
  • Possible solutions to the problems
  • Approaches to Rural development. It also recommends the steps that may be taken in other to developed the rural especially Orumba South Local Government Area.

CHAPTER 1

INTRODUCTION

BACKGROUND OF THE STUDY

A local government is a political Authority created by law at the community level to provide services of local nature to the area for which it is created. It is generally created by the law of the federal government and workers under the framework of the constitution of the land. Local government is known as third tier of government .

According to Chukwuemeka (2003:60) Local government is a department and essential organ or aim of the bureaucracy at the lowest level. Technically it is a public organization  authorized to achieve and administer a limited range of policy in relatively smaller territory which is a subdivision of the national government. Continue reading THE ROLE OF LOCAL GOVERNMENT IN RURAL DEVELOPMENT

THE ROLE OF FINANCIAL INSTITUTION IN THE RURAL AND ECONOMIC DEVELOPMENT OF NIGERIA

THE ROLE OF FINANCIAL INSTITUTION IN THE RURAL AND ECONOMIC DEVELOPMENT OF NIGERIA (A STUDY OF NIGERIA  AGRICULTURAL AND CO-OPERATIVE BANK OKO

ABSTRACT

The study is an the effects of over dependency on oil on national development in Nigeria (A Study of Shell Petroleum Development Company S.P.D.C in Uzere Community Isoko South Local Government Delta state). The citizens of this country are supposed to be the major beneficiaries in terms of socio-economic development as a result of the negative effects of over dependency on oil on national development. The study gives some solution to these problems such as improvement of social amenities, economic diversification, finding agriculture and decentralization of industries etc. However, the study is sub-divided into five chapters, chapter one is the introduction of the research work, the scope the researcher adopted and it’s limitation. Chapter two is literature review is where all the work of other authorities are being quoted. Chapter three deals with methodology, the area of the study which is Uzere community in Isoko South Local government. Chapter four deal with data presentation and analysis, findings chapter five deals with the summary of the whole work conclusion, recommendation and the way forward on the effects of over dependency on oil on national development and economic diversification.

CHAPTER ONE

  • INTRODUCTION

The scramble for oil as a mono economy is fast engendering crisis that are portends danger if drastic measures are not taken. With an increasing dependent on oil as the key of industrialization in the west.

It has expose the inability of successive governments in Nigeria to diversity the Nigerian economy, a once vibrant agricultural economy from the mono product. Continue reading THE ROLE OF FINANCIAL INSTITUTION IN THE RURAL AND ECONOMIC DEVELOPMENT OF NIGERIA

CONTRIBUTION OF COMMERCIAL BANK TOWARD ECONOMY DEVELOPMENT IN NIGERIA

A CONTRIBUTION OF COMMERCIAL BANK TOWARD ECONOMY DEVELOPMENT IN NIGERIA ( CASE STUDY OF UNION BANK OF NIGERIA PLC)

ABSTRACT

This study is aimed at finding the contribution of commercial banks towards economic development of Nigeria with a case study of Union Bank. Plc. The purpose of this research is to final the areas of strengths and weakness in economic development as it affect commercial banks. Also the researcher tend to find solution to the problems to ensure equal development of all sectors of the economy and improve the standard of living of the people and the state in Continue reading CONTRIBUTION OF COMMERCIAL BANK TOWARD ECONOMY DEVELOPMENT IN NIGERIA

Small and Medium Scale Industries in the Development of National Economy

Role of Small and Medium Scale Industries in the Development of National Economy (A Case Study of Ephraim Technology Business Incubation Centre).

ABSTRACT

This research study has its title as “the role of small and medium scale industries in the development of the National economy a case study of at Ephraim Technology Business Incubation Centre has as its objective to identify the impact of finance on small scale industries and how they are fulfilling their role in the national economy, although much of their problem is widely spoken in terms of finance, than the actual role they are meant to fulfill. Also we are to ascertain if finance is the major problem of Small Scale Industries at Ephraim Technology Business Incubation Centre and to identify the best source of finance for Small Scale Industries. The research questions answered in this study using structured questionnaire are what is the impact of finance on Small Scale Industries notably in Abuja, is finance, the major problem centre and what is the best source of finance for includes, finance has no significant impact on small scale industries in Abuja at Ephraim Technology Business Incubation Centre and the sources of finance has no significant impact on small scale industries in Abuja. Descriptive survey method of research was adopted for the research methodology where structured questionnaire was used as research instrument for data collection and percentage and chi-square computation used as a method of data analysis and test of hypothesis. The research findings among other includes, finance as a major problem of Small Scale Industries in Abuja, finance has negative impact on small scale sub-sector make significant contribution to achieve social and economic objectives such as labour absorption, income distribution, rural development, poverty eradication and balanced economic growth. The beneficiaries of this industry are the industrialist or entrepreneurs, private entities, business men and women.
Continue reading Small and Medium Scale Industries in the Development of National Economy