Impact Of Loan Acquisition On Agriculture

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND TO THE STUDY Agriculture is still regarded as one of the main stay of Nigerian economy, before and after independence with the production of food for vast teaming population. It contributes immensely to the production of raw materials which has translated into increased foreign exchange earnings, better social life and higher standard of living of people. For instance it has constituted about 70% of the country’s gross domestic product (GDP), provides increased food surplus (raw material) to the rapidly expansion of Nigerian industrial sector and acco…