What are the problems of agricultural financing in Nigeria?

Answer 1

1. The use of crude tools and implements

2. Lack of finance or credit facilities

3. Poor transportation

4. Inadequate land due to land tenure system

5. Inadequate agricultural education and extension services

6. Problems of pest and diseases

7. Lack of storage and processing facilities

8. Negative attitude of people towards farming due to its low reward

Answer 2

There are ten main problems that face livestock industries in Nigeria. They are poor technology, corruption, insecurity, lack of proper skills, low investments, poor quality of equipment, high processing costs, underemployment, limited resources and government interference.

Answer 3

1. Low Level of Technology
2. Low Level of Capacity Utilization Rate
3. Low Investments
4. High Cost of Production
5. Inflation
6. Poor Performing Infrastructure

Answer 4

The main problem of livestock production in Nigeria is feeding. Farmers need to utilize residue to feed cattle during the dry season.

Answer 5

One of the main production management problems in Nigeria is the political instability of the country. That, coupled with the rise of cost of goods and services makes production difficult.