Re-Engineering Agriculture For Enhanced Performance through Financing
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad ESAN
2010
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| _version_ | 1876477885985849344 |
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| author | Taiwo Mafimisebi |
| author_facet | Taiwo Mafimisebi |
| contents | Re-Engineering Agriculture For Enhanced Performance through Financing Taiwo Mafimisebi Adegboyega Oguntade Ojuotimi Mafiisebi Multidisciplinarias (Ciencias Sociales) smallholders credit guarantee Agricultural finance Insuficient institutional credit is a major contributor to the persistent poor performance of the Nigerian agricultural sector. To encourage financial institutions to increase lending to the sector, a partial credit guarantee scheme was instituted. The scheme commenced operations in 1978 with an authorized capital of N 100.00 million, subscribed to 60% and 40% by the Federal Government of Nigeria and the Central Bank of Nigeria, respectively. This paper presents an appraisal of the scheme. The results revealed that there has been continuous growth in paid-up share capital, total fund resources, maximum amount of loan obtainable by farmers, number and value of loans guaranteed, volume and value of loans fully repaid and volume and value of default claims settled. There was a long-run convergence between the number and volume of guaranteed loans and the agricultural GDP. This finding indicates the need to expand the quantum of funds available for guaranteeing agricultural loans to increase performance of the agricultural sector in the long run. This step is justified by the strategic role of agriculture in the Nigerian economy in terms of food and fiber production, job creation, income generation, poverty reduction and economic stability. 2010 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360733609003 en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.29 Vol.15 |
| format | Artículo científico |
| id | redalyc_360733609003 |
| institution | Redalyc |
| language | en |
| publishDate | 2010 |
| publisher | Universidad ESAN |
| spellingShingle | Re-Engineering Agriculture For Enhanced Performance through Financing Taiwo Mafimisebi Multidisciplinarias (Ciencias Sociales) smallholders credit guarantee Agricultural finance Re-Engineering Agriculture For Enhanced Performance through Financing Taiwo Mafimisebi Adegboyega Oguntade Ojuotimi Mafiisebi Multidisciplinarias (Ciencias Sociales) smallholders credit guarantee Agricultural finance Insuficient institutional credit is a major contributor to the persistent poor performance of the Nigerian agricultural sector. To encourage financial institutions to increase lending to the sector, a partial credit guarantee scheme was instituted. The scheme commenced operations in 1978 with an authorized capital of N 100.00 million, subscribed to 60% and 40% by the Federal Government of Nigeria and the Central Bank of Nigeria, respectively. This paper presents an appraisal of the scheme. The results revealed that there has been continuous growth in paid-up share capital, total fund resources, maximum amount of loan obtainable by farmers, number and value of loans guaranteed, volume and value of loans fully repaid and volume and value of default claims settled. There was a long-run convergence between the number and volume of guaranteed loans and the agricultural GDP. This finding indicates the need to expand the quantum of funds available for guaranteeing agricultural loans to increase performance of the agricultural sector in the long run. This step is justified by the strategic role of agriculture in the Nigerian economy in terms of food and fiber production, job creation, income generation, poverty reduction and economic stability. 2010 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360733609003 en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.29 Vol.15 |
| title | Re-Engineering Agriculture For Enhanced Performance through Financing |
| topic | Multidisciplinarias (Ciencias Sociales) smallholders credit guarantee Agricultural finance |
| url | https://www.redalyc.org/articulo.oa?id=360733609003 |