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NIGERIAN AGRICULTURAL, COOPERATIVE AND RURAL DEVELOPMENT BANK LIMITED VISION To be a foremost people –centered, selof-sustaining development finance institution for rural savings mobilization and delivery of micro- agricultural credit facilities and micro credit to the poor’. MISSION To provide affordable financial and advisory services to the farm and nonfarm sectors of the national economy using well-trained and highly motivated staff backed by appreciated technology, thereby fostering naccelerated agricultural and rural development”. BUSINESS STRATEGIES As the Leading Agricultural Development Finance Institution in Nigeria, Nigerian Agricultural , Cooperative and Rural Development Bank Ltd will employ the following operational strategies for the realization of its vision and mission. Corporate Governance: The Bank shall employ best industry practices to aid in efficient , timely and effective operations. Lending Philosophy: The Bank shall be guided by a lending philosophy that is driven by demand of loan resources , professional analysis of risk and effective loan management. The overall objective is to ensure that highest quality loan portfolio as measured by charged offs is maintained by the Bank. Organizational Structure Maintain an organizational structure that is flexible, self-supporting and that makes for fast decision –making. Liabilities Management The Bank shall manage deposit liabilities with the objectives of earning higher returns without sacrificing liquidity and there ability to service customer demands Pricing The Bank shall price its products and services taking into account its development mandate, while ensuring self-sustainability in the medium to long term . Resource Allocation and Management At all times the Bank shall align its cost structure with revenue expectation. Consequently, for example network size staff strength etc shall be guided by level of expected earnings The essence of the alignment is to ensure optimal utilization of resources minimize wastage and further the objective of long term self-sustenance.
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