SS1: ECONOMICS - 3RD TERM
Mining | Week 13 Topics|1 Quiz
Financial Institution I | Week 27 Topics|1 Quiz
Financial Institutions II | Week 35 Topics|1 Quiz
Financial Institutions III | Week 45 Topics|1 Quiz
Business Organisation | Week 53 Topics
Money | Week 65 Topics|1 Quiz
Channels of Distribution I | Week 75 Topics|1 Quiz
Channels of Distribution II | Week 86 Topics|1 Quiz
Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
Ways of Improving the System of Distribution of Consumer Goods in West Africa
Why there are Relatively Fewer Manufacturing Activities in Africa Compared with Advanced Countries
The Role of Co-operative Societies in Distribution of Goods
The Role of Government Agencies in Product Distribution in Nigeria
Problem of Distributive Trade
- Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
Business Finance | Week 97 Topics|1 Quiz
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Development Banks – The Nigerian Agricultural and Cooperative Bank (NACB)
Development Banks are financial institutions that specialise in providing long-term credit or loans for projects in the areas of agriculture, commerce and industry.
Examples of development banks in Nigeria are Nigerian Agricultural and Cooperative Bank (NACB), Nigeria Industrial Development Bank (NIDB), Nigerian Bank of Commerce and Industry, and African Development Bank (AFDB).
Functions of Development Banks:
i. Manpower Development: They make funds available for manpower training centres.
ii. Capital Project Funding: They provide long-term loans for capital projects.
iii. Render Special Advise: They give investment tips to industrialists.
iv. Supervision of Development Projects: They assist investors to supervise development projects in order to ensure their success.
Nigerian Agricultural and Cooperative Bank (NACB):
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 at 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.