Authors : T. T. Amos and J. O Ayanda
Abstract: Credit has been identified as an important tool in boosting agriculture in the developing countries (Nigeria) inclusive. The Agricultural Credit Guarantee Scheme Fund (ACGSF) was established for this purpose in Nigeria. However the livestock sector has suffered neglect in terms much needed attention by policy makers. The activities of the Scheme regarding the livestock sector were evaluated. Secondary data between 1978 and 2002 were collected on relevant variables and analysed. Results of the analysis showed that the performance of the scheme in the last 25 years to improve and empower the financial capacity of farmers especially livestock farmers through credit facilities has not been encouraging. Of the whole loans guaranteed, less than 10% and 20% in terms of number and volume approved and disbursed went to the livestock sector. This is grossly inadequate to meet the provision of adequate animal protein need of Nigerians. For successful operation of the scheme, the paper concluded that the Rural banking scheme should be further strengthened and used in operating the scheme and more Banks should be encouraged to participate in the scheme.
T. T. Amos and J. O Ayanda , 2004. Financing Agriculture for Sustainable Livestock Development In Sub-Saharan Africa: The Nigerian Experience . Journal of Animal and Veterinary Advances, 3: 413-418.