Salam, a Proposed Model for Financing Agriculture in Nigeria
Bara'atu Adamu
ABSTRACT
The objective of this paper is to provide awareness of Salam as a proposed financing model that would serve as an alternative for financing agriculture in Nigeria. Since agriculture serve as a machinery towards economic growth and development of a Nation where Nigeria is not in isolation. However, the Nigerian Agricultural sector also has a problem of Agriculture financing that lead to the issues which includes unemployment, exploitation and insecurity among others. This paper intent to provide free interest Agriculture financing which features with full employment, investment, market stability among others, Equally the paper is conceptual because it is library oriented that extract data from textbooks, write up from Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and Bank of Agriculture (BOA) as well as Newspapers and magazines. With Nigeria weaving the food basket, this paper recommend that policy makers should adopt Salam finance which will create a harmonious atmosphere of financial involvement that is expected to fertilise Nigerian agricultural Initiatives better than ever before.
