Financing Agricultural Development in Nigeria: Issues and Challenges
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 7
Abstract
Abstract: The importance of finance to agricultural development cannot be overemphasized. Owing to the fact that the agricultural sector is an important engine of National economic growth, the Federal Government has embarked upon series of programs and policies to transform the productive capacity of the sector. But the sector’s performance remains skimpy. The aim of this study is to ascertain the factors bedeviling financing the agricultural sector. This study employed a content analysis method of research and used a literature based method for analysis. It was found among others that; low level of monitoring and evaluation of financial policies, inadequate qualified personnel to manage financial resources devoted for agricultural investment, policy inconsistency and corruption are the main obstacles to the success of financial commitments to the agricultural sector. The paper recommends that government should ensure effective monitoring and evaluation of agricultural policies instead of formulating new ones and corruption should be fettered. Keywords: Agriculture, Finance, Nigeria, Development, Challenges.
Authors and Affiliations
Mohammed Ibrahim, Jamila Mukhtar
Keywords
Related Articles
- EP ID EP385159
- DOI -
- Views 173
- Downloads 0
The Risk Analysis and Avoidance Measures of Bot Project
Abstract:BOT is a financing model, which is widely used in the financing of capital-intensive projects, especially financed infrastructure projects in developing countries. Since the 1980s, as a new financing model, BOT...
The Role of Personality System Succession Pattern in Family Business in Indonesia
Abstract:The fact shows that 30 percent of family business can survive in second generation of family ownership, and only 15 percent survive in third generation. This indicates that it is important to study important fac...
The influence of training on business success: case of registered Small And Medium Scale Enterprises (SMES) in Kano State, Nigeria
Abstract: It has become a fact that training plays an important role in contributing to SMEs success that resulted in economic growth and sustainable development in Nigeria. The main objective of this study was to examin...
General Insurance Business in India – A Study on What its Performance indicates?
Insurance industry is one of the fast developing business in the service sector. Sufficient coverage of insurance, especially in general insurance is lacking as revealed by insurance penetration and insurance density....
An Investigation of the Relationship between Government Spending and Private Consumption in Kenya
Abstract:Over the past years, the relationship between government spending and private consumption remains one of the contentious issues in macroeconomics literature. The question of whether public expenditure is neutral...