Challenges, Effects, Coping Strategies, and Measures of Financing Agriculture: Socio-dynamics of Conventional and Islamic Sources of Finance in Kaduna State, Nigeria

Kaduna State in Nigeria is a predominantly agricultural society with active farmers within the median age group of between 35- 54 years who are into food crop production maize as major and ginger cash produced State. Their business activities spread almost evenly across geographical zones The main aim this paper to examine causal relationships effects challenges financing agriculture on also evaluate measures mitigate coping strategies adopted Nigeria. Data were collected using questionnaire instrument data collection quantitative method based cluster sampling technique, 663(50%) questionnaires administered 17 different clusters three (3) some centralized offices financial institutions Abuja 562 responses received sample error margin -17.9%. An Ordinary Least Square (OLS) linear regression test conducted revealed lack collateral obtain loan B .820 managerial/government bureaucracy coming second . 638. Privatization energy challenge agro manufacturing value chain .585 third place while finance for mechanization irrigation technology fourth .572 In addition, study impact strongest Zakat 1.679 effect measure contribution from family friends strategy comes .912 insecurity infrastructural development other impediments explored open-ended question. It recommended that central zakat fund be established provide stable non-interest smallholder farmers. Keywords: Conventional Finance, Coping Strategy, Insecurity, Income, Islamic Development Bank, World Poverty, Unemployment. DOI: 10.7176/RJFA/13-24-06 Publication date: December 31 st 2022