– 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.
– In this paper, an expert survey approach was employed to validate the newly developed model.
– 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.
– The main limitation of this study is limited number of respondents.
– 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.
– To the best knowledge of the researchers, such kind of study for financing agriculture does not exists in the case of Nigeria.
