Public Administration

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Public Administration Thesis

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Browsing Public Administration by Subject "Agricultural Intervention Fund"

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    Central Bank of Nigeria Agricultural Intervention Fund and Public Infrastructural Development (2010-2020)
    (Lead City University, 2023-12) Adebisi Akeem ADEDEJI
    The study examined the Central Bank of Nigeria (CBN) Agricultural Intervention Fund and Public Infrastructural Development. The initiatives involve participation, in the formulation and implementation of various policies, schemes, programmes, innovations and directives for the provision of adequate finance and credit to the productive sectors of Nigeria with primary objectives of facilitating economic growth and development. The thesis is hinged on classical theory of political economy and commercial loan theory of liquidity. The theories claim adequate access to and inflow of finance and capital to productive sectors would increase the latter’s capital formation, productivity, and investment, whereas inadequate access to the finance and capital required by them would cause a decline in their productivity. The study adopted descriptive research design which accurately and systematically described the number of targeted population. The population of the study consist of beneficiaries of the central and Development Banks of Nigeria funding schemes. Purposive sampling technique was adopted to include all listed agro allied companies. The sample size was determined based on the available data from the statistical bulletin of the CBN. The descriptive and qualitative data interpretation methods were adopted. Findings showed that agricultural financing has a favourable influence on the beneficiaries' production and as a result the CBN’s interventions in the agricultural sector should boost income levels, reduce poverty, increase capital finance, and achieve high agricultural outputs. The study concluded that agriculture's development and transformation in Nigeria rely on ongoing public-sector involvement. Hence, the study recommended that targeted extensive support must be provided to poor farmers to improve their competitiveness and ensure they are not crowded out by the rich farm holders for the programme to be more effective. Also, adequate monitoring and evaluation mechanisms should be put in place to ensure that intervention programmes meant for poor households reach the intended beneficiaries and achieve desired impact. Keywords: Agricultural Intervention Fund, Central Bank of Nigeria, Infrastructural Development Strategy, Social Welfare and Poverty Reduction Word Count: 304