ملخص المقالة :
The study examined the sources of informal finance in aiding climate change adaptation in South eastern Nigeria. Random sampling was adopted in the selection of 6 out of the 9 communities in the study area. From each of these selected communities, 10 crop farmers were randomly selected giving a total number of 60 respondents. Descriptive statistics such as percentages and frequency, as well as multiple regression analysis were used for data analysis. The socio-economic characteristics showed that the respondents who made use of informal financial sources were predominantly male, and had farming as their primary occupation. The regression results showed that age and level of education of the respondents does not have significant effect on the amount of informal finance. Whereas, gender, marital status; farming experience; and annual farming income have a significant effect on secured amount of informal finance. Inadequacy of the informal lenders, insufficiency of the credit, poor accounting knowledge of money lenders, inconsistency and unreliability of the informal credit are the main constraints of informal finance in the study area and hence negatively influence the adaptation measures on climate change.
المصادر:
1. African Partnership Forum. (2009). Financing Climate Change Adaptation and Mitigation in Africa: Key Issues and options for policy-makers and Negotiators. The Third Financing for Development Conference on Climate Change, Kigali, Rwanda, 21-22 May, 2009.
2. Agbo, F. U. (2013). Farmers’ Perception of Climate Change in Ikwuano Local governement Area of Abia state, Nigeria, Journal of Biology, Agriculture and Healthcare, 3(6): 38-45.
3. Agrawal A. (2008). The Role of Local Institutions in Adaptation to Climate Change. Proceedings of the Adaptation to Climate Change Conference, London, pp. 1-65.
4. Altman, J. C. (2002). Generating Finance for Indigenous Development: Economic realities and innovative options. CAEPR Working Paper No. 15/2002, The Australian National University Available on the: http://caepr.anu.edu.au/sites/ default/files/Publications/WP/CAEPRWP15.pdf
5. Bezabih M., Abe, D. B., Gebreegziabher, Z. & Borga, L. (2013). Social Capital, climate change and soil conservation investment: panel data evidence from the Highlands of Ethiopia, Centre for Climate Change Economics and Policy Working Paper No. 135, Grantham Research Institute on Climate Change and the Environment Working Paper No. 115. PP 1-31
6. CIA World Factbook, (2012) Demographics of Nigeria, Available on the: http://en.wikipedia.org/wiki/Demographics_of_Nigeria#Population.
7. Enete, A. A. and Amusa, T. A. (2010). Challenges of Agricultural Adaptation to Climate Change in Nigeria: a Synthesis from the Literature, Field Actions Science Reports, 4: 1-11.
8. Ihemezie, E. J. (2012). The role of informal (indigenous) sources of finance in aiding climate change adaptation among crop farmers in Igbo-Eze South Local Government Area of Enugu State, Nigeria. Unpublished B. Agric. Thesis, Department of Agricultural Economics, University of Nigeria, Nsukka.
9. IPCC. (2001). Climate Change 2001: Impact, adaptation and vulnerability. Contribution of working group II of the Intergovernmental Panel on Climate Change to the Third Assessment Report of IPCC. Cambridge University Press. London.
10. IPCC (2007), Fourth Assessment Report: Climate Change 2007 (AR4, Cambridge University Press. London.
11.NPC. (2006). Population Figures, National Population Commission, Abuja FCT.
12.Nwibo, S. U. and Okorie, A. (2013). Determinants of entrepreneurship among agribusinessinvestors in South-East Nigeria. European Journal of Business and Management, 5(10): 115-124.
13.Ozor, N. (2009). Implications of climate change for national development: the way forward debating policy options for National Development: Implications of Climate Change for Economic Growth and Sustainable Development in Nigeria. Paper 10. African Institute for Applied Economics, Enugu., Enugu Forum Policy Paper 10: 1-48.
14.Ukaegbu, O. A. (1985). The use of informal sources of credit for Agricultural finance: A case study of farmers in Umuahia, L.G.A. of Imo state. Unpublished B. Agric. Thesis, Dept. of Agricultural Economics, University of Nigeria, Nsukka.
15. Zoellick, R.B. (2009). A Climate Smart Future. The Nations Newspaper, March 18, p:18.
