Abstract
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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: African Journal of Science, Technology, Innovation and Development
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.