Abstract:
In this study, the performance of the Agricultural Credit Guarantee Scheme Fund (ACGSF) was evaluated. The following were the finding of the study: i) It was found that there were no visible difference in agricultural output before and at the early stage of the ACGSF. (This was found to be due to some exogenous factors). However when looked at holistically, it was found that agricultural production contributed to more than 50% of the national GDP. ii) That the ratio of credits guaranteed to the total credits of the banking industry, showed a diminishing pattern from about 0.35% peak in 1988 to an all time low of about 0.02% in 1999 and 2000. iii) That the ACGSF has recorded high repayment rates for some states that were favouredless, while those favoured much recorded low repayment rates of about 50% to 68% . iv) That the challenges facing the scheme are from different institutional sources like the fanners, the participating banks, the managing agent, and the unstable macro-economic policies of the federal government.
