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SS1: ECONOMICS - 3RD TERM

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  1. Mining
    3 Topics
    |
    1 Quiz
  2. Financial Institutions I
    7 Topics
    |
    1 Quiz
  3. Financial Institutions II
    5 Topics
    |
    1 Quiz
  4. Financial Institutions III
    5 Topics
    |
    1 Quiz
  5. Business Organisation
    3 Topics
  6. Money
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I
    5 Topics
    |
    1 Quiz
  8. Channels of Distribution II
    6 Topics
    |
    1 Quiz
  9. Business Finance
    7 Topics
    |
    1 Quiz

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SS1: ECONOMICS – 3RD TERM Financial Institutions II Development Banks – The Nigerian Agricultural and Cooperative Bank (NACB)
Lesson 3, Topic 4
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Development Banks – The Nigerian Agricultural and Cooperative Bank (NACB)

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Topic Content:

  • Meaning of Development Banks
  • Functions of Development Banks
  • Nigerian Agricultural and Cooperative Bank (NACB)
  • Functions of 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 the Nigerian Agricultural and Cooperative Bank (NACB), the Nigerian Industrial Development Bank (NIDB), the Nigerian Bank of Commerce and Industry, and the African 

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