Access to credit and agricultural sector performance in Nigeria

被引:9
|
作者
Osabohien, Romanus [1 ,2 ]
Mordi, Anita [1 ]
Ogundipe, Adeyemi [1 ,2 ]
机构
[1] Covenant Univ, Dept Econ & Dev Studies, Ota, Nigeria
[2] Covenant Univ, Ctr Econ Policy & Dev Res CEPDeR, Ota, Nigeria
关键词
agriculture; agricultural production; credit facilities; employment; INSTITUTIONAL FRAMEWORK; FOOD SECURITY; PRODUCTIVITY; NEXUS;
D O I
10.1080/20421338.2020.1799537
中图分类号
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号
07 ; 0710 ; 09 ;
摘要
This study examined how agricultural sector performance will be enhanced in Nigeria through access to credit. The study engaged a time series data sourced from the Central Bank of Nigeria (CBN) statistical bulletin and the World Development Indicators (WDI) of the World Bank for the period 198-2018. The Autoregressive Distribution Lag (ARDL) method was used in the analysis. Results showed that agricultural credit proxied by agricultural credit guarantee scheme fund (ACGSF) and commercial bank credit to agriculture significantly increased agricultural performance by 10.30% and 17.05% respectively. Also, other explanatory variables included in the model (arable land and agricultural employment) tend to increase agricultural performance by 65.51% and 12.40% respectively. Based on findings, the study recommended that farmers should be provided with sufficient access to credit which will enhance their ability to purchase agricultural inputs required to increase productivity.
引用
收藏
页码:247 / 255
页数:9
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