DESCRIPTION

ABSTRACT

The study was undertaken in statistical analysis of the role micro-finances bank in agricultural development with the aim of establishing the role of micro-finance banks. Loans to peasant farmers in conjunction with the crop production. Variance of one-way ANOVA (complete Randomized Design) and time series analysis was used in the analysis of the research work. The research work will help to enlighten farmers on the causes of low agricultural productivity. The work utilized the secondary data, that is on percentage loans given by bank and the corresponding crop production within the study period. The analysis of variance (ANOVA) carried out shows that we reject null hypothesis (H0) since Fcal (5.43) > Ftab (3.20) and concluded that there is significant different in the loan obtained by individual from three selected banks, and for that of the amount of the crop production the analysis carried out shows that we accept (H0). Since Fcal (0.27) < (1.32), and conclude that there is no significant difference in amount of money distributed to different farm products. With the above finding the project work recommends that farmers in Nasarawa State Micro-finance banks were rational during the study period by responding positively to Micro-finance banks since these farmers have shown that given such loan will increase their product in rate, therefore the microfinance banks should also remove all restrictive measures such as rural farmers should have access to micro-finance banks loan.

CHAPTER ONE

1.0 INTRODUCTION

The project work is based on the statistical analysis of the role of microfinance bank in agricultural development in Nasarawa state.

A study cover three selected microfinance banks, microfinance bank has played a vital role in the financing of various agricultural development programme. According to Schreiver and Columbet( 2001) define microfinance as a development tools used to create access for the economically active poor to financial service.

1.1 BACKGROUND OF THE STUDY

Nasarawa state is one of the seven state that make the north central geo-political zone and the north central part of Nigeria, it has an inter-state boundary with Kaduna state to the north federal capital territory Abuja to the west Kogi and Benue  state to the south Taraba and plateau state to the east its capital Lafia.

Nasarawa state was originally part of northern region in the three region structure of 1954. In 1967 with the creation of 12 federal states by General Yakubu Gowon’s military government it’s become part of the Benue Plateau State. The 1976 military government of General Muritala Muhammed create 19 states out of the existing 12 federal states and Nasarawa state was made a component of plateau state 1996 the military government of General Sani Abacha divided plateau state into the present plateau state and Nasarawa state.