Title: Determinants of Participation in Credit Market Among the Farmers in Northern Nigeria
Abstract: As Nigeria continues to strive hard to enhance its key economic indicators, economic growth alone will not be sufficient in tackling absolute poverty in the country. In fact, poverty eradication requires more fundamental issues being addressed, especially access to agricultural credit by the rural poor as a major factor. Agricultural credit is more than just other resources such as fertilizer and machineries where it provides access to all other resources. It improves farm productivity and farm performance, which lead to a remarkable improvement in farm income and farmers’ welfare. Therefore, this study will examine the key determinants of demand for agricultural credit in Nigeria. The study is aimed at estimating and identifying the socio-economic variables that are responsible for influencing farmers’ decision to participate in credit market. In order to achieve the objectives, primary data will be sourced through random sampling. This involves the random selections of the localities and the sgrass root participants. Our finding expected to reveal that some socio-economic and demographic variables will play a major role in determining the demand and participation in agricultural credit market. Consequently, the demand model in this study contributes to the development of policy and programming by shedding light on the choice to be made and indicating the magnitude and direction of responses that can be expected from changes in key agricultural policy.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 4
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