AGRICULTURAL VALUE CHAIN FINANCING AND SMALL SCALE FARMERS IN NIGERIA: THE PRE-REQUISITES
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value chain is a connected string of companies, groups and other players working together to satisfy
market demands for a particular product or group of products. In recent times, Financial Institutions
are more interested in financing various actors along the value chain, with emphasis on cash flow
rather than any form of collateral. Value chain approach to agribusiness financing considers the market
first and assesses the level of development of the value chain. However, in Nigeria as in most other Sub-
Saharan African countries where agriculture is still characterized by small scale producers and
disjointed agricultural value chains, a lot still needs to be done to be able to achieve success with the
concept of value chain financing in the bid to transform the agricultural sector and accelerate economic
development. One of the pre-requisites for making the concept of agricultural value chain financing
work efficiently in Nigeria where over 90 percent of agricultural output in the country is produced by
small-holders with less than 2 hectares under cropping is connecting farmers to markets
Keywords
HF Commerce, HF5601 Accounting, S Agriculture (General)