International records / OpenAlex research

Improved agricultural credit in Nigeria

Abstract This paper is concerned with the provision of credit to farming smallholders in Nigeria. The need for credit is established and an outline given of the historical development of agricultural credit institutions in Nigeria. The paper concludes that banks and other institutions have problems in dealing with individual smallholders because of difficulty of contact, lack of information and uncertainty in the supervision and repayment of loans. It is suggested that farmer co-operative societies appear to be the best means of bringing essential credit to such smallholders.