@article{Okoruwa:322614,
      recid = {322614},
      author = {Okoruwa, Victor Olusegun and Adebayo, Abass and  Akin-Olagunjua, Olaide A. and Akinola, Nurudeen A.},
      title = {Cassava Value Chain Commercialisation in Nigeria: How  Effective and Efficient are Financial Institutions?},
      journal = {Journal of Rural Economics and Development},
      address = {2015-04-14},
      number = {1623-2022-771},
      month = {Apr},
      year = {2015},
      abstract = {Financial institutions (FIs) have key roles to play in the  facilitation of value chain commercialisation for better  earnings and improved food security. However, their  performances with respect to cassava in which Nigeria is  well-placed, has not been properly assessed. This study  fills the gap by using a sample of fifty-four (54) FIs  across selected states in Nigeria to examine the efficiency  and effectiveness with which FIs provide credit to value  chain actors and the determinants of FI use. Three (3)  performance indicators were used to rank the FIs, namely  Credit Effectiveness Index (CEI), Loan Performance Index  (LPI) and Repayment Efficiency Index (REI). The study found  out that out of the performance indicators, CEI had the  highest value (0.8832) showing that the FIs performed best  in loan coverage. Disaggregating by institution types,  government-owned bank had highest CEI, followed by  microfinance bank. Commercial bank led with respect to LPI  and Repayment Efficiency Index (REI) which means it was the  most successful in recouping credit given to cassava  actors. This was also reflected in the Average Performance  (AP) in which commercial bank led (0.9387) followed by  microfinance bank (0.8272). The proportion of FI clients  that are into agriculture and interest rate were the  factors determining institution use. Government should  continue to work with commercial banks through the various  public sector credit schemes and strengthen the  microfinance institutions as alternatives, in its quest for  better credit.},
      url = {http://ageconsearch.umn.edu/record/322614},
      doi = {https://doi.org/10.22004/ag.econ.322614},
}