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Microcredit Financing by Deposit Money Banks / Microfinance Banks and the Agricultural Sector Development in Nigeria

In Nigeria, the agricultural sector remains the mainstay of the economy and occupies a central place in the country‘s economic growth programmes and initiatives. This derives from the fact that the sector employs the bulk of the population and would continue to provide sustenance to millions of people. Additional factors that would continue to favour increased attention from promoters of growth and development in the sector include the large landmass, favourable climatic and edaphic conditions.