The Nigeria Strategy Support Program (NSSP) is pleased to announce the publication of the paper entitled “Commercial Banks’ Response to Government’s Financial Stimulus for Improved Agricultural Financing in Nigeria” by Prof. Aderibigbe S. Olomola and Maryam Yaro in the NSSP Working Paper Series (Working Paper No. 28).
Abstract: This study
- Examines the implementation of recent agricultural finance policies and incentives associated with the Nigerian Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) and the stimulus funds for boosting agricultural lending, the Commercial Agricultural Credit Scheme (CACS),
- Determines the impact of these financial capital interventions (stimulus to the banking sector) through the instrumentality of CACS on the flow of credit to the agricultural sector,
- Examines the factors militating against increased funding of agriculture by the banking sector, and
- Articulates policies and strategies for improved participation of the banking sector in agricultural financing in Nigeria. The study was executed using data obtained from all the commercial banks in the country in a survey conducted between March and September 2013 plus secondary data covering the period from 2006 to 2012.
