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Rethinking the Prospects of Sustainable Finance and Challenges of Agribusiness Transformation in Nigeria: Implications of the Nexus for Entrepreneurship Development

Rethinking the Prospects of Sustainable Finance and Challenges of Agribusiness Transformation in Nigeria: Implications of the Nexus for Entrepreneurship Development

Lukman Raimi, Morufu Oladimeji Shokunbi, Rabiu Olowo
Copyright: © 2022 |Pages: 21
ISBN13: 9781799885016|ISBN10: 1799885011|ISBN13 Softcover: 9781799885023|EISBN13: 9781799885030
DOI: 10.4018/978-1-7998-8501-6.ch015
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MLA

Raimi, Lukman, et al. "Rethinking the Prospects of Sustainable Finance and Challenges of Agribusiness Transformation in Nigeria: Implications of the Nexus for Entrepreneurship Development." Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises, edited by Ibrahim Yasar Gok, IGI Global, 2022, pp. 312-332. https://doi.org/10.4018/978-1-7998-8501-6.ch015

APA

Raimi, L., Shokunbi, M. O., & Olowo, R. (2022). Rethinking the Prospects of Sustainable Finance and Challenges of Agribusiness Transformation in Nigeria: Implications of the Nexus for Entrepreneurship Development. In I. Gok (Ed.), Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises (pp. 312-332). IGI Global. https://doi.org/10.4018/978-1-7998-8501-6.ch015

Chicago

Raimi, Lukman, Morufu Oladimeji Shokunbi, and Rabiu Olowo. "Rethinking the Prospects of Sustainable Finance and Challenges of Agribusiness Transformation in Nigeria: Implications of the Nexus for Entrepreneurship Development." In Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises, edited by Ibrahim Yasar Gok, 312-332. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-8501-6.ch015

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Abstract

The chapter explicates the need to rethink the prospects of sustainable finance (SF) for agribusiness transformation in spite of the challenges facing the sector in Nigeria. It extends to highlighting the implications of the nexus on entrepreneurship development. After a triangular data analysis using the world development indicators (2000-2016) and scholarly articles, the authors found that the prospects of SF are enormous: (1) Nigeria has a modest agricultural growth performance in the crop, food, livestock, and cereal production that could support SF; and (2) SF options such as green loans, green bonds, green credit, green investment funds, green mortgage scheme, and other green financial support instruments could be suitable for agribusiness transformation in the country. Also, the content analysis revealed there are 13 challenges facing agribusiness transformation in the country, and these have harmed the vegetation, farmland, and ocean leading to low productivity. The authors contribute to the literature by identifying SF options as a game-changer for agribusiness transformation.

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