Role and contributions of the Nigerian Agricultural Cooperative and Rural Development Bank Ltd to the development of the fish industry in Nigeria
The paper enumerated the mandate of the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) which was set up by the Federal Government of Nigeria in October 2000 specifically to provide credit facilities to the less privileged. It also accepts savings, deposits and provides opportunities for self employment in the rural areas. The bank has brought this function to bear in the fishing industry by granting microcredit financing services to both artisanal fishermen, small and medium scale fish farmers. Conditions for granting loan by the bank have been well spelt out in the paper. Also discussed are problems in financing the fish industry. Some of the problems are inadequate information, lack/inadequacy of collateral, resources information, dearth of skilled manpower. In conclusion, suggestions have been offered for the way forward
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| Format: | conference_item biblioteca |
| Language: | English |
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Fisheries Society of Nigeria
2009
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| Subjects: | Fisheries, Management, Nigeria, Credit facilities, Loan, Financial institutions, Financial resources, Financing, Fishery industry, |
| Online Access: | http://hdl.handle.net/1834/38021 |
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