The problems facing the agricultural sector in Nigeria and the prospect of Muzara’ah and supply chain model

Nafiu Olaniyi Oladokun (International Isamic University, Kuala Lumpur, Malaysia)
Moussa Larbani (International Islamic University of Malaysia (IIUM), Kuala Lumpur, Malaysia)
Mustafa Omar Mohammed (International Islamic University of Malaysia (IIUM), Kuala Lumpur, Malaysia)

Humanomics

ISSN: 0828-8666

Publication date: 9 February 2015

Abstract

Purpose

The purpose of this paper is to develop a Muzara’ah–supply chain model for the purpose of enhancing agricultural financing and productivity in Nigeria.

Design/methodology/approach

In this paper, an expert survey approach was employed to validate the newly developed model.

Findings

A survey result on the model reveals that majority of the respondents agreed with the Muzara’ah–supply chain model and preferred it to the existing models.

Research limitations/implications

The main limitation of this study is limited number of respondents.

Practical implications

With this newly developed financing model that is based risk sharing principles, the application of this model could help to reduce moral hazard and enhance agricultural productivity.

Originality/value

To the best knowledge of the researchers, such kind of study for financing agriculture does not exists in the case of Nigeria.

Keywords

Citation

Oladokun, N.O., Larbani, M. and Mohammed, M.O. (2015), "The problems facing the agricultural sector in Nigeria and the prospect of Muzara’ah and supply chain model", Humanomics, Vol. 31 No. 1, pp. 18-36. https://doi.org/10.1108/H-11-2012-0022

Publisher

:

Emerald Group Publishing Limited

Copyright © 2015, Emerald Group Publishing Limited

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