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The role of the (Nigerian) agricultural credit guarantee scheme fund in agricultural finance

The role of the (Nigerian) agricultural credit guarantee scheme fund in agricultural finance

Indian Journal of Agricultural Economics 39(2): 259-268

The success of the Agricultural Credit Guarantee Scheme Fund, established in Nigeria in 1977 with the intention of encouraging banks to undertake the risk of financing agriculture by assuring them of repayment in the event of a default on the part of the farmer is assessed. The paper first discusses the main provisions of the ACG Scheme Fund Decree and then makes a critical appraisal of the scheme.

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