Agro-financing and food production in Nigeria

Osabohien, Romanus; Adeleye, Bosede Ngozi; Alwis, Tyrone De

doi:10.1016/j.heliyon.2020.e04001

Cited by 46 publications

(38 citation statements)

References 21 publications

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“…They also argued that increased assess to credit for farmers will enable them acquire improved imputs which will boost food production and accessibility thereby reducing the scourge of food insecurity. This view was supported by [18], they butress the fact that adequate funding of agricultural sector by ensuring hitch-free credit availment and provision of land for the sector will facilitate food security.…”

Section: Empirical Literaturementioning

confidence: 99%

Food Prices and the Challenge of Food Security in Bayelsa State, Nigeria

Ochuba

Cookey

2020

AJEBA

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High food prices are seen as synonymous with food insecurity. This is because it defiles one of the four cardinals of food security; food accessibility. To ensure the attainment of food security which is a common denominator in the United Nation’s MDGs and SDG as eradication of hunger, food must be economically accessible by all and sundry. Bayelsa State has been bedevilled by exorbitant food prices as confirmed by NBS data released in March 2020 which placed the state as having the highest cost in 15 out of 43 food items reviewed. This placed it as the state where food is most expensive in the federation. This study employing the tool purposive structured interview and schedule sought the view of 400 traders from five markets in the state capital, Yenagoa. Also 15 food truck drivers were interviewed. Using frequencies and percentages, the result showed that the key contributors to high food prices in the state are high dependence on food importation from within and outside the nation as the natives are not farmers, activities of touts, oil pollution, absence of large mechanized farms in the state, poor road network among others. The study strongly suggests the harmonisation of taskforce collecting agencies to eradicate multiple levies that are currently ongoing. It also suggested improved investment in agriculture by both public and private sectors with comparative advantage in mind to ensure that the potentials of the state in agriculture are adequately harnessed.

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Section: Empirical Literaturementioning

confidence: 99%

Food Prices and the Challenge of Food Security in Bayelsa State, Nigeria

Ochuba

Cookey

2020

AJEBA

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“…As opined by Olofin et al [7], many Nigerian farmers have been denied access to credit due to the weak institutional framework. In a similar way, Osabohien et al [8] carried out a study on accountability in agricultural governance and food security in Nigeria, applying the autoregressive distribution lag (ARDL) and found that effectiveness in governance will enhance agricultural performance, which in the long-run, contributes to food security in Nigeria.…”

Section: Review Of Literaturementioning

confidence: 99%

“…All these are efforts to control quality, promote local content, massive production and exportation, and encourage local farmers. However, the impact of these policies has remained inconclusive, primarily owing to the continuous challenges of weak governance and low ICT infrastructure, among others things [7,8]. Flowing from above argument, this study contributes to extant studies by examining the impact of: (a) governance on food security, (b) ICT adoption on food security, and (c) ICT adoption and governance interaction on food security, using the system GMM, which, to the best of the authors' knowledge, before now, has not been considered in the extant literature.…”

Section: Introductionmentioning

confidence: 99%

Impact of ICT Adoption and Governance Interaction on Food Security in West Africa

et al. 2021

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The impact of the interaction of governance and information and communication technologies (ICT) adoption on food security in West Africa is investigated in this study. The study engaged the system generalised method of moments (GMM) approach on a panel data of 15 West African countries. The data used for the study are obtained from the world development indicators (WDI) and world governance indicators (WGI), for the period 2005 to 2018. The findings show that good governance (government effectiveness and efficient anti-corruption control) can boost food security by between 12% and 20%. Furthermore, the findings show that a 1% rise in ICT adoption may boost food security by 12% to 15%. In explaining the level of food security, the relationship between governance and ICT adoption is positive and significant. This implies that ICT and governance (government effectiveness) interaction may have about 15% positive influence on food security, while ICT and control of corruption interaction may positively influence the level of food security by 8%. The study concludes by recommending that to enhance food security in West Africa, effectiveness in governance and ICT adoption are crucial.

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“…Access to finance and technology, especially indigenous technology, is an important factor that increases productivity and enhances food security in developing countries (Tweheyo, 2018;Osabohien et al 2018;Chang, Chatterjee and Kim, 2014;Abdu-Raheem and Worth, 2011;Shiferaw, Hellin and Muricho, 2011;Kristjanson et al 2005). In the literature, access to finance has played a positive role in increasing the standard of living, self-confidence and also in the diversification of livelihood strategies and thus increasing their productivities and income (Osabohien, et al 2020;Onyiriuba, et. al., 2020;Dejene, 2019;Kopparthi and Kagabo, 2012;Anyiro andOraku, 2011 Bauchet et al 2011).…”

Section: Introductionmentioning

confidence: 99%

“…Acquired funds could also be used to diversified farming operations, which tend to increase income base of farmers and consequently increase productivities and food security (Dejene, 2019;Tenaw and Islam, 2009). Sustained increase in farm productivities (consequently, food security) is enhanced, and farmers are able to smooth consumption if they have access to formal credit (Osabohien, et al 2020;Anyiro and Oraku, 2011). Amazingly, the agriculture sector, which is the major driver of food security, has received less access to finance in developing countries due to high credit risk (Chang, Chatterjee and Kim, 2014;Kopparthi and Kagabo, 2012).…”

Section: Introductionmentioning

confidence: 99%

Access to Finance, Indigenous Technology and Food Security in Nigeria: Case Study of Ondo Central Senatorial District

Sharimakin¹,

Dada

2020

Economics and Culture

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Research purpose: Food security remains a major component of economic development. Many developing nations are facing challenges of food insecurity, which had contributed to starvation and other societal problems. With adequate food intake, human healthy living is assured. This study investigates the impact of access to formal finance and indigenous technology and knowledge on food security in Ondo central senatorial district in Ondo state, Nigeria.Methodology: In total, 216 farmers were sampled, and data were collected through a well-structured questionnaire and focus interviews. Data collected were analysed using descriptive statistics and logit estimation technique.Findings: Descriptive statistics show that there are more male farmers (61.1%) than female counterparts (38.9%), with most of the farmers (42.7%) in their ages 56 years and above and with 51.9% having primary education. Majority of the farmers (65.7%) engage in arable crop farming, while 15.2 and 19.1% engage in cash crop and livestock farming, respectively. The econometric model reveals that age, income, gender, education, marital status, religion, family size, assets owned and distance are major determinants of a farmer’s decision on account ownership, savings and borrowing. Indigenous knowledge of soil fertility, disease-resistant and quickly-growing crops, food storage, local weather, water management, pest and diseases control are significant determinants of food security in Ondo central senatorial district. Likewise, account ownership, savings and borrowing from formal financial institutions are significant determinants of food security.Practical implications: It is, therefore, important that efforts to ease access to formal financial services and improve indigenous technology to serve as complement to modern farming techniques to achieve food security be made a priority by government and private institutions.

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Agro-financing and food production in Nigeria

Cited by 46 publications

References 21 publications

Food Prices and the Challenge of Food Security in Bayelsa State, Nigeria

Food Prices and the Challenge of Food Security in Bayelsa State, Nigeria

Impact of ICT Adoption and Governance Interaction on Food Security in West Africa

Access to Finance, Indigenous Technology and Food Security in Nigeria: Case Study of Ondo Central Senatorial District

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