Financing Agriculture as a Way of Diversification of Nigerian Economy: Challenges and Prospects
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Abstract
Description
The study examines financing of agriculture as a way of diversification of the Nigeria economy.
The objective of the study is to identify the need for financing agriculture as a means of overcoming the mono-economic
nature with the full dependency on oil, especially now that the oil price internationally is getting low in a recessed Nigerian
economy. The study uses secondary data obtains from Central Bank of Nigeria (CBN), Ministry of Agriculture, Published
Academic Journals, Textbooks and Conference Proceedings. The study appraises the financing of agriculture for
diversification of the economy using review approach. The finding of the study reveals that though agriculture has been the
main stay of the Nigerian economy before the discovery of oil, the agricultural sector has been neglected. The study
recommends among others, for reconsideration of the sector as the oil is no longer sustainable due to sharp drop in prices.
Cost of governance however, continue to increase.
Keywords
HG Finance, HJ Public Finance