The problems facing the agricultural sector in Nigeria and the prospect of Muzara'ah and supply chain model. Issue 1 (9th February 2015)

• Record Type: Journal Article
• Authors: Oladokun, Nafiu Olaniyi; Larbani, Moussa; Mohammed, Mustafa Omar
• Editors: Masudul Alam Choudhury, Professor
• Is Part Of: Humanomics. Volume 31:Issue 1(2015)
• Page Start: 18
• Page End: 36
• Publication Date: 2015-02-09
• Subjects: Agriculture -- Supply chain -- Muzara'ah; Economic development -- Moral and ethical aspects -- Periodicals; Economic policy -- Moral and ethical aspects -- Periodicals; Social change -- Moral and ethical aspects -- Periodicals; 338.9001
• DOI: 10.1108/H-11-2012-0022
• Languages: English
• ISSNs: 0828-8666

Abstract

Abstract : Purpose: – The purpose of this paper is to develop a Muzara'ah–supply chain model for the purpose of enhancing agricultural financing and productivity in Nigeria. Design/methodology/approach: – In this paper, an expert survey approach was employed to validate the newly developed model. Findings: – A survey result on the model reveals that majority of the respondents agreed with the Muzara'ah–supply chain model and preferred it to the existing models. Research limitations/implications: – The main limitation of this study is limited number of respondents. Practical implications: – With this newly developed financing model that is based risk sharing principles, the application of this model could help to reduce moral hazard and enhance agricultural productivity. Originality/value: – To the best knowledge of the researchers, such kind of study for financing agriculture does not exists in the case of Nigeria.