Back to Course

SS1: ECONOMICS - 3RD TERM

0% Complete
0/0 Steps
  1. Mining | Week 1
    3 Topics
    |
    1 Quiz
  2. Financial Institution I | Week 2
    6 Topics
  3. Financial Institutions II | Week 3
    5 Topics
  4. Financial Institutions III | Week 4
    5 Topics
    |
    3 Quizzes
  5. Business Organisation | Week 5
    3 Topics
  6. Money | Week 6
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I | Week 7
    4 Topics
  8. Channels of Distribution II | Week 8
    6 Topics
    |
    1 Quiz
  9. Business Finance | Week 9
    7 Topics
    |
    1 Quiz



  • Do you like this content?

  • Follow us

Lesson 3, Topic 4
In Progress

Development Banks – The Nigerian Agricultural and Cooperative Bank (NACB)

Lesson Progress
0% Complete

The Nigerian Agricultural and Cooperative Bank (NACB) was established as a National Agricultural Credit Institution, to realize the objectives of self-sufficiency in food production before the year 2000. It was established in 1973 by Yakubu Gowon’s administration.

The Functions of The Nigerian Agricultural and Cooperative Bank (NACB)

1. Making available farm implements at a subsidized rate to the local farmers.

2. Making available loans to farmers on all stages of production which includes storage, distribution, and marketing.

3. Procurement of fertilizer for farmers at a subsidized rate.

4. Encourage the farming habit of Nigerians by creating all necessary incentives.

5. Assist in the provision of manpower needed in the agricultural sector, like the extension workers and farm assistants.

6. Organisation of agric programmes and seminars

Responses

Your email address will not be published. Required fields are marked *

back-to-top
error: