Farmland, Farm Credit and Agricultural Output Growth in Kano State, Nigeria: the Moderating Role of Murabahah Finance as a Proposed Framework

  • Authors

    • Ahmad Bashir B.Aziz
    • Ahmed Ibrahim Mohammed
    2018-08-08
    https://doi.org/10.14419/ijet.v7i3.21.17164
  • Agricultural Output, Farmland, Farm Credit, Conceptual framework
  • Abstract

    The objective of this paper is to propose a model to examine the moderating role of Murabahah finance on farmland, farm credit and agricultural output. Since, agriculture is the science and act of soil utilization, animals and forestry management in respect of food and raw materials for human satisfaction as well as poverty control and economic growth. On the other hand, the Kano state agricultural output is declining all with the socio-economic role of the output in the state economy. This paper proposes a model consider to be used by the ministry of agriculture and financial institutions in Kano state, Nigeria in order to overcome such issues. In addition, this paper introduces Murabahah finance as a new variable into the model and potential moderating variable. Also, this paper used a conceptual methodological approach.

     

     

  • References

    1. style='font-size:8.0pt'>
    2. style='mso-spacerun:yes'> ADDIN EN.REFLIST
    3. field-separator'>[1] TIBI K, Edebiri F. ACCESS TO MICROCREDIT-A SURE WAY OF BREAKING THE VICIOUS CIRCLE OF POVERTY AMONG FARMERS IN ETHIOPE EAST LOCAL GOVERNMENT AREA, DELTA STATE, NIGERIA. 2015.

      [2] Ogunbado AF, Ahmed U. Bay'Salam as an Islamic Financial Alternative for Agricultural Sustainability in Nigeria. Journal of Islamic Economics, Banking and Finance. 2015;11(4):63-75.

      [3] Ammani AA. Impact of market-determined exchange rates on rice production and import in Nigeria. International Journal of Food and Agricultural Economics (IJFAEC). 2013;1.

      [4] Chisasa J. A diagnosis of rural agricultural credit markets in South Africa: empirical evidence from North West and Mpumalanga province. 2014.

      [5] Anthony E. Agricultural credit and economic growth in Nigeria: An empirical analysis. Business and Economics Journal. 2010;14:1-7.

      [6] THOMSON K. The State of Food and Agriculture 2008: Biofuels: Prospects, Risks and Opportunities. The Journal of Agricultural Science. 2009;147(4):503.

      [7] Dandago K. Beyond Slogans: How States Hold the Ace for Nigeria’s Industrialisation Kano. Benchmark Publishers Ltd; 2005.

      [8] Mohammed S, Ibrahim US, Abubakar N. Effect of hike in food prices on households food expenditure in kano state, Nigeria: a case of 2008 global food crisis. 2014.

      [9] servant T. A Kano State Civil Service. News magazine of May. 2012.

      [10] Baron RM, Kenny DA. The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of personality and social psychology. 1986;51(6):1173.

      [11] AYEGBA O, IKANI DI. An impact assessment of agricultural credit on rural farmers in Nigeria. 2013.

      [12] Akoum IF. Globalization, growth, and poverty: the missing link. International Journal of Social Economics. 2008;35(4):226-38.

      [13] Ammani AA. An investigation into the relationship between agricultural production and formal credit supply in Nigeria. International Journal of Agriculture and Forestry. 2012;2(1):46-52.

      [14] Chambers RG. Applied production analysis: a dual approach: Cambridge University Press; 1988.

      [15] Allahyari MS, Poshtiban A, Koundinya V. Effective Factors on Agricultural Land Use Change in Guilan Province, Iran. Mediterranean Journal of Social Sciences. 2013;4(11):744.

      [16] Maletta HE. Land and farm production: Availability, use, and productivity of agricultural land in the world. 2014.

      [17] Kan I, Haim D, Rapaport-Rom M, Shechter M. Environmental amenities and optimal agricultural land use: The case of Israel. Ecological Economics. 2009;68(6):1893-8.

      [18] Jayne TS, Chamberlin J, Headey DD. Land pressures, the evolution of farming systems, and development strategies in Africa: A synthesis. Food Policy. 2014;48:1-17.

      [19] Mattthew AO, Uchechukwu AA. Rural Farmers Sources and Use of Credit in Nsukka Local Government Area of Enugu State, Nigeria. Asian Journal of Agricultural Research. 2014;8(4):195-203.

      [20] Okuthe K, Ngesa U, Ochola W. Influence of Institutional Factors on Adoption of Improved Sorghum Varieties and Technologies by Small-Scale Farmers in Western Kenya. International Journal of Humanities and Social Science. 2013;3(16):196-207.

      [21] Simtowe F, Zeller M, Diagne A. The impact of credit constraints on the adoption of hybrid maize in Malawi. Review of Agricultural and environmental studies. 2009;90(1):5-22.

      [22] Garrett RD, Lambin EF, Naylor RL. Land institutions and supply chain configurations as determinants of soybean planted area and yields in Brazil. Land Use Policy. 2013;31:385-96.

      [23] Bastian CT, McLeod DM, Germino MJ, Reiners WA, Blasko BJ. Environmental amenities and agricultural land values: a hedonic model using geographic information systems data. Ecological economics. 2002;40(3):337-49.

      [24] Onyenucheya F, Ukoha O. Loan repayment and credit worthiness of farmers under the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB). Agricultural Journal. 2007;2(2):265-70.

      [25] Nwosu F, Oguoma N, Ben-Chendo N, Henri-Ukoha A. The agricultural credit guarantee scheme: its roles, problems and prospects in Nigeria’s quest for agricultural development. Researcher. 2010;2:87-90.

      [26] Eyo EO. Macroeconomic environment and agricultural sector growth in Nigeria. World Journal of Agricultural Sciences. 2008;4(6):781-6.

      [27] Chisasa J. An Econometric Analysis Of Bank Lending And Agricultural Output In South Africa: A Survey Approach. Journal of Applied Business Research. 2015;31(1):163.

      [28] Awe A. Mobilization of domestic financial resources for agricultural productivity in Nigeria. Australian Journal of Business and Management Research. 2013;2(12):1.

      [29] Oyeyinka R, Bolarinwa K. Using Nigeria Agricultural Cooperative and Rural Development Bank Small Holder Direct Loan Scheme to increase agricultural production in rural Oyo State, Nigeria. International journal of Agricultural Economics and rural Development. 2009;2(1):2009.

      [30] Klinefelter DA, Penson B. Growing complexity of agricultural lending decisions. Choices. 2005;20(1):7-12.

      [31] Brambilla I, Porto GG. Farm productivity and market structure: Evidence from cotton reforms in Zambia. 2006.

      [32] Bello G. An analysis of the viability of Islamic Banking in Kano state, Nigeria. Usman Dan fodio University Sokoto-Nigeria (Doctoral dissertation© Garba Bello). 2006.

      [33] Ayub M. Islamic Finance: Laying Down an Overarching Schema for Value based Sharī ‘ah Advisory and Governance Framework. Journal of Islamic Business and Management. 2013;3(2):97-128.

      [34] Dandago KI, Muhammad AD, Oseni UA. Essentials of Islamic banking and finance in Nigeria. 2013.

      [35] Ahmed Hilmy H. Introducing Salam as an alternative financing tool for paddy field cultivation in Sri Lanka: special reference to Eastern province. 2013.

      [36] Mastoor SA, editor Islamic Banking System in Afghanistan. Proceedings of International Academic Conferences; 2014: International Institute of Social and Economic Sciences.

      [37] Mohammed H, Hussien AIM. The Finance Of Wheat In Gezira Scheme, Sudan. International Working Paper Series Paper, 2012.

      [38] Siddiqi MN. Islamic banking and finance in theory and practice: A survey of state of the art. Islamic economic studies. 2006;13(2):1-48.

      [39] Khaleequzzaman M, Shirazib NS. Islamic Microfinance–an Inclusive Approach with Special Reference to Poverty Eradication in Pakistan. International Journal of Economics, Management and Accounting. 2012;20(1).

      [40] Obaidullah M. Introduction to Islamic microfinance. 2008.

      [41] Obaidullah M, Mohamed-Saleem A. Innovations in Islamic microfinance: lessons from Muslim Aid's Sri Lankan experiment. 2008.

      [42] Aburaida KMM. Rural Finance As A Mechanism For Poverty Alleviation In Sudan, With An Emphasis On „Salam “Mode. European Scientific Journal, ESJ. 2014;7(26).

      [43] Hair JF, Black WC, Babin BJ. RE Anderson Multivariate data analysis: A global perspective. New Jersey, Pearson Prentice Hall,). 2010.

      [44] Ringle CM, Wende S, Becker J-M. SmartPLS 3. Hamburg: SmartPLS. Academy of Management Review. 2014;9:419-45.

      [45] Jinjiri Ringim K. Perception of Nigerian Muslim account holders in conventional banks toward Islamic banking products. International Journal of Islamic and Middle Eastern Finance and Management. 2014;7(3):288-305.

    4. mso-fareast-font-family:Batang;mso-ansi-language:EN-US;mso-fareast-language:
    5. KO;mso-bidi-language:AR-SA'>
  • Downloads

  • How to Cite

    Bashir B.Aziz, A., & Ibrahim Mohammed, A. (2018). Farmland, Farm Credit and Agricultural Output Growth in Kano State, Nigeria: the Moderating Role of Murabahah Finance as a Proposed Framework. International Journal of Engineering & Technology, 7(3.21), 227-231. https://doi.org/10.14419/ijet.v7i3.21.17164

    Received date: 2018-08-08

    Accepted date: 2018-08-08

    Published date: 2018-08-08