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Agricultural Credit Guarantee Scheme Fund in Historical Context: Evidence from Nigeria

In: The Palgrave Handbook of Africa’s Economic Sectors

Author

Listed:
  • Muhammed Sani Dangusau

    (Federal University Lokoja)

Abstract

This chapter adopts a historical analysis with a focus on Agricultural Credit Guarantee Scheme in Nigeria since 1977. The basic argument is that lack of well-functioning agricultural programs is a major obstacle to the achievement of agricultural development in Nigeria. The study reveals that several credit schemes have been put in place to finance agricultural production. However, these schemes have not been able to provide adequate loans to farmers. Thus, this chapter aims to unearth the reasons for inadequacies in resolving the poor performance of the scheme. It recommends among other things that farmers should be granted opportunities to have cooperative societies in order to easily obtain funds without the usual stringent conditions.

Suggested Citation

  • Muhammed Sani Dangusau, 2022. "Agricultural Credit Guarantee Scheme Fund in Historical Context: Evidence from Nigeria," Springer Books, in: Evelyn F. Wamboye & Bichaka Fayissa (ed.), The Palgrave Handbook of Africa’s Economic Sectors, pages 135-154, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-75556-0_6
    DOI: 10.1007/978-3-030-75556-0_6
    as

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