Impact Of Shell Petroleum Company Of Nigeria Microcredit Scheme On Agricultural Production In Delta State, Nigeria

Abstract

The paper sought to determine the impact of Shell Petroleum Company of Nigeria
micro-credit scheme on agricultural production in Delta State.Structured interview schedule was used in collecting data from one hundred farmers. Descriptive statistics were used for statistical analysis while correlation coefficient was used to test the relationship. The findings indicated that majority (52%) of the farmers were female. Only 46% of the respondents benefited from SPDC micro credit scheme and they were those aware of the scheme and belonged to co-operative groups. However, non-membership of co-operative groups was a major constraint to loan acquisition. The study recommends the need for SPDCWest to embark on enlightenment campaign in her host communities to sensitize
farmers on the importance of micro credits on agricultural production.

Keywords: Micro-credit, agricultural production, Shell Petroleum Development
Company

Global Approaches to Extension Practice Vol. 4 (1) 2008: pp. 46-52