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    Does institution type affect access to finance for cassava actors in Nigeria?

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    Journal Article (1015.Kb)
    Date
    2020
    Author
    Okoruwa, V.O.
    Abass, A.B.
    Akin-Olagunju, O.A.
    Akinola, N.A.
    Type
    Journal Article
    Review Status
    Internal Review
    Target Audience
    Scientists
    Metadata
    Show full item record
    Abstract/Description
    The cassava system in Nigeria is developing, with increasing attention to its potential positive outcomes. However, credit access is a major problem in expanding productive activities of the different actors across the value chains of cassava products. This study investigates the extent of access to credit by cassava actors with respect to the different financial institutions in the country using data obtained from a sample of 168 actors, including producers, processors, marketers, fabricators and end users. The study found that commercial banks had the highest disbursement rate (88.0%) despite higher interest rate charged, while government banks had the least (73.6%). Processors (79.5%) and marketers (79.4%) had highest credit access rate while fabricators (67.5%) had the least. Regression results revealed that cassava actors that patronized commercial banks particularly those who are medium scale had access to higher amount of credit. However, female actors and those using cooperative banks secured lower credit amount. In line with the results, Nigeria should champion private-sector-led credit provision through appropriate policies aimed at improving the capacity of the institutions. Financial institutions should be strengthened for better credit access by the cassava actors, and hence improve their productivity.
    https://dx.doi.org/10.1016/j.jafr.2020.100023
    Multi standard citation
    Permanent link to this item
    https://hdl.handle.net/20.500.12478/6803
    Non-IITA Authors ORCID
    Adebayo Abasshttps://orcid.org/0000-0003-1376-3608
    Digital Object Identifier (DOI)
    https://dx.doi.org/10.1016/j.jafr.2020.100023
    Research Themes
    Social Science and Agribusiness
    IITA Subjects
    Agribusiness; Agronomy; Cassava; Plant Production; Policies and Institutions; Socioeconomy; Value Chains
    Agrovoc Terms
    Financial Institutions; Value Chain; Economic Value; Cassava; Credit
    Regions
    Africa; West Africa
    Countries
    Nigeria
    Hubs
    Eastern Africa Hub
    Journals
    Journal of Agriculture and Food Research
    Collections
    • Journal and Journal Articles4835
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