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Agricultural financing and performance in Nigeria : a case study of the agricultural credit guarantee scheme (ACGS)

dc.contributor.advisorAziakpono, Meschach
dc.contributor.authorOlowu, Akinseye Uwem
dc.contributor.otherUniversity of Stellenbosch. Faculty of Economic and Management Sciences. Graduate School of Businessen_ZA
dc.date.accessioned2011-12-15T10:01:12Z
dc.date.available2011-12-15T10:01:12Z
dc.date.issued2011-03
dc.identifier.urihttp://hdl.handle.net/10019.1/18217
dc.descriptionResearch report presented in partial fulfilment of the requirements for the degree of Master of Development Finance at the University of Stellenboschen_ZA
dc.descriptionThesis (MDF (Graduate School of Business))--Stellenbosch University, 2011.en_ZA
dc.description.abstractENGLISH ABSTRACT: Agricultural financing has a wide and deep history in Nigeria, owing to the fact that the Nigerian economy has huge potentials for growth especially from its agriculture sector which is the second largest contributor to GDP. Since the establishment of the Agricultural Credit Guarantee Scheme over 30 years ago, the total sum of 647,351 loans amounting to over N34 billion have been disbursed to farmers as at 2009. The result from this study shows that the guarantee scheme has been effective in providing agricultural financing as well as stimulating agricultural production in Nigeria. More specifically, the study found that, out of the five variables used in the models to determine agricultural performance, the credit finance provided under the ACGS and foreign exchange rates was found to be statistically significant to agricultural output. The credit provided under the ACGS has a significant effect on aggregate output; it was also found that the crop and the fishery subsectors are significantly affected by the credit finance provided under the ACGS, due to their short gestation period. However, the livestock and forestry subsectors do not have an immediate significant relationship with the credit finance due to their long gestation period; rather, they have a significant relationship with the depreciation of foreign exchange rates. A major policy implication from the study is that the government should continue to promote and support the operations of the ACGS to encourage farmers to invest their best efforts in agricultural production in Nigeria for food production and for enhanced agricultural export.en_ZA
dc.language.isoen_ZAen_ZA
dc.publisherStellenbosch : University of Stellenboschen_ZA
dc.subjectAgricultural financeen_ZA
dc.subjectNigeriaen_ZA
dc.subjectCredit guarantee schemeen_ZA
dc.titleAgricultural financing and performance in Nigeria : a case study of the agricultural credit guarantee scheme (ACGS)en_ZA
dc.typeThesisen_ZA
dc.rights.holderUniversity of Stellenboschen_ZA


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