Assessment of Loan default Trend on the Amount of Loan Granted to Farmers in Kwara State, Nigeria 1984- 2014 ( Vol-2,Issue-6,November - December 2017 )
Author: Jatto N.A., Obalola T.O., Shettima B.A, Okebiorun E.O., Gunu U.I.
Keyword: Loan, Default, trend, loan granted, Farmers.
Abstract: This study was carried out to assess the growth trend in the amount of loan granted to farmers in the study area for the period 1984-2014. Secondary data was used and sourced from central bank of Nigeria statistical bulletin, Nigeria bureau of statistics and Kwara state bureau of statistics. The result showed that there was an acceleration in the amount of loan defaulted by farmers for the period 1984-2014 in the study area and 73% variations was noticed in the exponential time trend for the period. It was concluded that a rigorous effort to speedy the increase and availability of loan process to make more funds available should be inaugurated to increase farmers ability to purchase improved inputs so as to increase productivity in the agricultural sector as a whole and proper monitoring should be put in place.
 Agnet, A. (2004, November 2,). Making farm credit work for the small-scale farmers. Retrieved from >
 Asante, B. O., Sefa, , V., and Sarpong, D. (2011). Determinants of small scale farmers’ decision to join farmer based organizations in Ghana. African Journal of Agricultural Research, 6(10): 2273-2279.
 Ewuola, S., and Williams, S. (1995). Effects of Institutional and Borrower Characteristics on Loan Recovery: A Study of Ondo State Agricultural Credit Corporation. Agro search, 1(2): 109-116.
 Ibrahim, F., Mohammed, U., Nmadu, J., Yakubu, I., and Ibrahim, P. (2010). Forecasting and growth trends of sugar cane production: Meeting the goals of commercial Agriculture in Nigeria. 11th annual conference of nigerian asocitaion of agricultural economics (pp. 40-43). Minna, Niger state: NAAE.
 Ijere, M. (1998). Agricultural Credit and Economic Development, lagos: Longman.
 Kohansal M.R, and Mansoori, H. (2009). Factors Affecting Loan Repayment Performance of Farmers in Kharasan-Razavi Province of Iran. Conference on International Research on Food Security. Hamburg: University of Hamburg.
 Maikasuwa, M., and Ala, A. (2013). Trend analysis of area and productivity of sorghum in Sokoto State, Nigeria, 1993-2012. European Scientific Journal, 9(16): 69-75.
 Nnadozie, A., and Uzoigwe, J. (2002). Effectiveness of Local Sanctions on Agricultural Loan Recovery Under Community Banking in Enugu State. Journal of the Science of Agriculture, Food Technology and the Environment, 2(1): 56 – 62.
 Okarie, A. (2004). Major Determinant of Agricultural Smallholder Loan repayment in Developing Economy: empirical evidence from Ondo state Nigeria. The Journal of Socio-Economics, 21 (4): 223-234.
 Oladeebo, J. O., & Oladeebo, O. (2008). Determinants of loan repayment among smallholder farmers in Ogbomoso agricultural zone of Oyo State, Nigeria. Journal of Social Sciences, 17(1): 59-62.
 Osuntokun, T. (1980). Improving The Structure of Agricultural Industry with Agricultural Credit. Ondo State Component of the 4th National Development Plan 1980-85, Akure: Ministry of Finance, Akure .
 Oyenweanku, C. (2004). Satgnation, acceleration and deceleration in agricultural production in Nigeria, 1970-2000. Journal of Agriculture and food Science, 2 (2): 131-140.
 Tanko, L., Jirgi, A., & Igwe, K. (2010). Trend analysis of area, production and productivity of rice in Nigeria. Proceedings of the 11th Annual Conference of National Association of Agricultural Economist (NAAE) (pp. 44-48). MInna, Niger state: National Association of Agricultural Economist.
 Udoh, E. (2008). Estimation of loan default among beneficiaries of a state Government owned agricultural loan scheme, Nigeria. Journal of Central European Agriculture, 9(2): 343-352.
Cite this Article: Show All (MLA | APA | Chicago | Harvard | IEEE | Bibtex)
|Total View: 69
||Page No: 3116-3118