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AGRICULTURAL VALUE CHAIN FINANCING AND SMALL SCALE FARMERS IN NIGERIA: THE PRE-REQUISITES

Evbuomwan, Grace O. and Okoye, Lawrence U. AGRICULTURAL VALUE CHAIN FINANCING AND SMALL SCALE FARMERS IN NIGERIA: THE PRE-REQUISITES. In: AFRICA FARM MANAGEMENT ASSOCIATION CONFERENCE Conference proceedings, Mauritius.

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Abstract

A value chain is a connected string of companies, groups and other players working together to satisfy market demands for a particular product or group of products. In recent times, Financial Institutions are more interested in financing various actors along the value chain, with emphasis on cash flow rather than any form of collateral. Value chain approach to agribusiness financing considers the market first and assesses the level of development of the value chain. However, in Nigeria as in most other Sub-Saharan African countries where agriculture is still characterized by small scale producers and disjointed agricultural value chains, a lot still needs to be done to be able to achieve success with the concept of value chain financing in the bid to transform the agricultural sector and accelerate economic development. One of the pre-requisites for making the concept of agricultural value chain financing work efficiently in Nigeria where over 90 percent of agricultural output in the country is produced by small-holders with less than 2 hectares under cropping is connecting farmers to markets.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Agricultural Transformation, Value Chain Financing, Small Scale Farmers, Economic Development
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 29 Jun 2017 11:29
Last Modified: 29 Jun 2017 11:29
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8522

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