CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
In recent times, considerable interest has been shown by agricultural including economist, policy makers and financial institution on the need to direct attenuation to the farmer in Nigeria. This deserved attention; stem from the conviction that in the short fun, Nigeria can rely on farmers to supply the bulk of food and other agricultural produces required feed booth our teaming population and the need of the agro-base industrial sectors. One of the option is for the government to encourage the farmers to improve on the quality and quality of their food production thought the supply of credit. It is the light of the above objective that the federal government of Nigeria feet that there was a compelling need to establish a national credit institution e.g. Nigeria agricultural and cooperative bank limited (NACB)
This co-operative bank was established as a national agricultural credit institution. Co-operative societies deliver credit to the agricultural sector of the Nigeria economy having to the following specific objective as its central focus.