Public-Private Partnership (PPP) in Agricultural Research Financing in Nigeria

Abstract

The broad objective of this chapter is to underscore the importance of collaborative PPP in agricultural research financing. The specific objectives are to reveal Nigeria's comparative advantage in agriculture, reveal how Nigeria's comparative advantage in agriculture could be transformed into Michael Porter's concept of competitive advantage through Albert Hirschman's unbalanced growth strategy, and initiate a triple bottom-line approach to agricultural research financing. To achieve the last objective, the United Nations Global Compact (UNGC) members' account balances of firms in Nigeria were collected from annual reports to speculate the agricultural research finance revenue realizable from the private sector. The study adopted the UNGC's financial commitment benchmark for every functional firm registered with the Corporate Affairs Commission (CAC) in Nigeria as an appropriate bottom-line commitment that private sectors should have towards agricultural research financing – if to be regarded as socially responsible in Nigeria.