Agricultural Credit Guarantee Scheme Fund in Historical Context: Evidence from Nigeria
Muhammed Sani Dangusau ()
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Muhammed Sani Dangusau: Federal University Lokoja
A chapter in The Palgrave Handbook of Africa’s Economic Sectors, 2022, pp 135-154 from Springer
Abstract:
Abstract This chapter adopts a historical analysis with a focus on Agricultural Credit Guarantee Scheme in Nigeria since 1977. The basic argument is that lack of well-functioning agricultural programs is a major obstacle to the achievement of agricultural development in Nigeria. The study reveals that several credit schemes have been put in place to finance agricultural production. However, these schemes have not been able to provide adequate loans to farmers. Thus, this chapter aims to unearth the reasons for inadequacies in resolving the poor performance of the scheme. It recommends among other things that farmers should be granted opportunities to have cooperative societies in order to easily obtain funds without the usual stringent conditions.
Keywords: Agriculture; Agricultural development; Agricultural credit; Agricultural program; Nigeria (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-75556-0_6
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DOI: 10.1007/978-3-030-75556-0_6
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