A STATISTICAL STUDY ON THE EFFECTS OF AGRICULTURAL LOAN ON FARMING ACTIVITIES IN NIGERIA – A CASE STUDY OF OHAOFIA LOCAL GOVERNMENT AREA OF ABIA STATE.
Abstract
This study is basically on the effect of agricultural loan on farming activities in Nigeria a case study of ohaofia local government area of Abia state. Another scope of the study is to know how agricultural loan in Nigeria has a relationship to employment and finally to know the level of satisfaction of the end users of this loans.There is a significant direct relationship of 0.917 between agricultural loans and agricultural output in Nigeria. The more the loan assistance, the more the agricultural output of Nigeria. Since the p-value (0.001) is less than the level of significance.
Chapter One
Since the discovery of crude oil in Nigeria, farming activities has had its fare share of inconsistencies and relegation. Agriculture is a very important sector of Nigeria’s economy. Its role in economic development cannot be overemphasized; umar 2004 opined that between 1960-1976 alone, agriculture accounted for 40 to 60 percent of the national income and about 50 to 80 percent of the labour force is engaged in agricultural production. Agriculture has some major roles to play in Nigeria’s economic development. These are, to increase the supply of food for domestic consumption and export and to create more jobs.
Project Details
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