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Agricultural Finance Constraints in the Nigerian Agricultural Sector

Author

Listed:
  • Margaret Adesugba
  • George Mavrotas

    (University of Antwerp)

Abstract

The importance of secure, accessible and reliable sources of agricultural finance for smallholder farmers and micro, small and medium scale agribusinesses in Nigeria cannot be underestimated. Despite increasing prospects for agricultural financing in Nigeria in recent years, smallholder farmers and micro, small and medium scale agribusinesses still face several constraints that limit their access to agricultural finance, business expansion and the nature of investment that they can embark upon. This paper investigates the key constraints faced by smallholder farmers and micro, small and medium scale agribusinesses in Nigeria by using both the 2015/2016 Living Standard Measurement Survey for Nigeria and a survey of 505 micro, small and medium scale agribusinesses in Abuja, Anambra, Kano and Oyo states.

Suggested Citation

  • Margaret Adesugba & George Mavrotas, 2020. "Agricultural Finance Constraints in the Nigerian Agricultural Sector," The African Finance Journal, Africagrowth Institute, vol. 22(2), pages 1-21.
    • Handle: RePEc:afj:journl:v:22:y:2020:i:2:p:1-21
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-finj-v22-n2-a1
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    More about this item

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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