CREDIT DELIVERY FOR AGRO-ENTREPRENEURSHIP: IMPLICATIONS FOR THE GROWTH OF THE AGRICULTURAL SECTOR IN NIGERIA

Abstract

The main objective of this study is to ascertain the effect entrepreneurship development through credit delivery on the growth agricultural sector of the Nigerian economy. The specific objectives are to ascertain the effect of credit facilities for cash crop production on Agricultural sector; to determine the effect of credit facilities for livestock production on the growth of the agricultural sector; and to determine the extent to which credit facilities for fisheries affect the sector of the economy. The research is a co-relational study which seeks to examine the relationship between entrepreneurship development and the growth of agricultural sector of the Nigerian economy. The data was collected and analysed using the least square linear regression. The results reveal that that credit delivery for livestock farming have positive and significant effect on the growth of agricultural sector. Credit facilities on cash crop farming shows a negative effect on the growth of agricultural sector, while that of fish farming was found not to have significant effect on the growth of agricultural sector. It is therefore recommended that more money be pumped into the cash crop farming so as to boost the agricultural sector in particular and the Nigerian economy in general.