Determinants Of Rural Agricultural Financing By The United Bank For Africa And The Need For Extension Services In Imo State, Nigeria
AbstractThis study examined the determinants of rural agricultural financing by the United Bank for Africa (UBA) and the need for extension services in Imo State, Nigeria. Eighty (80) rural farmer loan beneficiaries from the UBA were sampled and administered with structured questionnaire. Results showed that the major significant determinant was the availability and the use of extension services by the bank. This factor is the only one that was significant at (1%). Other factors significant at 5% level include; number of dependants educational level of beneficiaries and type of agricultural activity. It is therefore recommended that extension services should form a major component in designing, formulation and administration of loans to prospective rural loan farmer beneficiaries.
Global Approaches to Extension Practice Vol.1(1) 2005: 97-102