7 Reasons why

financing
Agriculture is
difficult in Nigeria
Poor Credit History:
Most farmers lack credit history and this
makes it difficult for them to
demonstrate creditworthiness to recieve
loans and credit

agrovat.com
 Land as Collateral...
Poor formal land title or asset verification
makes it hard for credit firms to use lands
as collateral.

agrovat.com
High Risk in Agriculture
Unpredictable weather, pest and disease,
natural disasters can transform a farm from
profit to loss. This fear makes it difficult for
people to finance Agriculture

agrovat.com
 Crude Farm infrastructure
Crude tools are still in use. How is a farmer
expected to make money when he takes 2
hours to clear a land when a small tractor can
do it in minutes?

agrovat.com
 Poor Road Network
Some of the rural roads across these
farmlands are in bad state. A financier would
be worried on the possibility to sell crops on
time if the roads are bad....

agrovat.com
 Financial Literacy
Most farmers lack limited financial literacy
and lack the necessary skills to save, keep
financial record and make investment
decisions.

agrovat.com
 Poor Farm Data
Are there accurate data on market trends,
crop performance, weather patterns to help
farmers make the right farming and Finance
decisions?

agrovat.com