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
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