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

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dc.contributor.advisor Aziakpono, Meschach Olowu, Akinseye Uwem
dc.contributor.other University of Stellenbosch. Faculty of Economic and Management Sciences. Graduate School of Business en_ZA 2011-12-15T10:01:12Z 2011-12-15T10:01:12Z 2011-03
dc.description Research report presented in partial fulfilment of the requirements for the degree of Master of Development Finance at the University of Stellenbosch en_ZA
dc.description Thesis (MDF (Graduate School of Business))--Stellenbosch University, 2011. en_ZA
dc.description.abstract ENGLISH 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.iso en_ZA en_ZA
dc.publisher Stellenbosch : University of Stellenbosch en_ZA
dc.subject Agricultural finance en_ZA
dc.subject Nigeria en_ZA
dc.subject Credit guarantee scheme en_ZA
dc.title Agricultural financing and performance in Nigeria : a case study of the agricultural credit guarantee scheme (ACGS) en_ZA
dc.type Thesis en_ZA
dc.rights.holder University of Stellenbosch en_ZA
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