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 176
- Downloads 0
Coping Strategies for Stress: A Comparative Study among Nurses
This survey based descriptive research has been undertaken in Tirunelveli District, Tamilnadu to foresight coping strategies being followed by nurses to deal with stress, to differentiate coping strategies being followed...
A Survey on Malaysia’s Banks Efficiency: Using Data Envelopment Analysis
Malaysia’s banking industry is undergoing changes and overall competition. Commercial banks in Malaysia not only need to become profitable, but also efficient in order to enhance the economic growth and survive against i...
Does Exclusion from and Inclusion to Nifty Affect Equity Valuation? A Study with Reference to Metal Sector Stocks
Abstract:The study examines the effect on the metal sector stock valuation caused by the exclusion from and inclusion into Nifty 50 index. The study also aims to check the semi-strong form of the market efficiency in the...
Bidirectional Causality Analysis for Education Expenditures Index, Financial Development Index and Economic Growth: Case of North Cyprus
Abstract: The main aim of this study is to reveal the causality relationship between education expenditures index with finance sector development index and economic growth in North Cyprus. After producing indexes, Vector...
Effect of Satisfaction User System ERP (Enterprise Resource Planning) to Quality Accounting Information and Managerial Performance in PT. Bank Mandiri (Persero) Malang Branch
This study examined the effect of ERP system users on the quality of accounting information and managerial performance of ERP system users. The study population was the ERP system-level managers who have been using the E...