Analysis of Rural Farming Households’ Access to Credit in Kwara State, Nigeria

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dc.contributor.authorOlatinwo, K.B.
dc.contributor.authorMuhammad-Lawal, A.
dc.contributor.authorBuremoh, S.A.
dc.date.accessioned2023-06-07T11:06:03Z
dc.date.available2023-06-07T11:06:03Z
dc.date.issued2012
dc.description.abstractAgricultural credit has been identified as an important component in the development of the agricultural sector in Nigeria. Though, agricultural credit has the potentials of improved capital formation, increased resource productivity and diversified agriculture among the rural farming households, inadequate access to agricultural credit is among major factors responsible for the decline in the contribution of agriculture to the Nigerian economy. This study therefore examined various sources of credit available to the famers in Kwara state, Nigeria. It also analyzed the determinants of access to agricultural credit among the farming households. A two-stage random sampling technique was used to select a sample of 90 farming households as respondents. The respondents were interviewed with the aid of well-structured questionnaire. The data obtained were analyzed using descriptive statistics and Ordinary Least Square regression analysis. The study showed that co- operative societies, personal savings and rotary loan scheme ‘esusu’ were the regularly accessible sources of credit. The study also showed that interest rate, type of agricultural enterprise and size of farm had a significant relationship with the farmers’ access to credit. Lack of collateral security was also identified as a major problem faced by farmers in accessing loans. It is therefore recommended that the formation of co-operative societies should be encouraged among farmers. Also, the government should adopt policies that would encourage the formal credit institutions to grant soft loans for agricultural production.en_US
dc.identifier.citationOlatinwo K.B., Muhammed-Lawal, A. & Buremoh, S.A. (2012): Analysis of Rural Farming Households’ Access to Credit in Kwara State, Nigeria. Journal of Agriculture and Food Sciences. 10(2): 50-62. Published by Faculty of Agriculture and Veterinary Medicine, Imo State University, Owerri, Nigeria. Available online at http://www.ajol.info/index.php/jafs/article/view/86850en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/11049
dc.language.isoenen_US
dc.publisherFaculty of Agriculture and Veterinary Medicine, Imo State University, Owerri, Nigeriaen_US
dc.relation.ispartofseriesJournal of Agriculture and Food Sciences;10(2): 50-62
dc.subjectRural Households, Cooperative, Constraints, Credit, Kwara Stateen_US
dc.titleAnalysis of Rural Farming Households’ Access to Credit in Kwara State, Nigeriaen_US
dc.typeArticleen_US

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