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Comparative analysis of investment funding in the Nigerian oil and agricultural sector

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  • Olorunfemi Yasiru Alimi
  • Olajide Johnson Alese

Abstract

This paper makes a comparative analysis of investment funding between the Nigerian oil and agriculture industry, where both debt and non-debt financing instruments are considered. It employs both descriptive and long-run analyses to establish the facts using data from 1971-2011. The empirical results revealed that all the adopted debt and non-debt financing instruments, follow the same direction with varying magnitudes. Among all these instruments, savings (development stocks and treasury bills) are the best non-debt and (debt) financing mix used to propel the development of both agriculture and oil sector. More so, a negative shock was reported from treasury certificate and bond and international lending club on both sectors' output. However, policy should aim at areas that would make foreign funds have a trickle-down effect on the physical assets of the two sectors and not areas where their funds can easily be repatriated.

Suggested Citation

  • Olorunfemi Yasiru Alimi & Olajide Johnson Alese, 2017. "Comparative analysis of investment funding in the Nigerian oil and agricultural sector," International Journal of Economics and Accounting, Inderscience Enterprises Ltd, vol. 8(1), pages 67-82.
    • Handle: RePEc:ids:ijecac:v:8:y:2017:i:1:p:67-82
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    Cited by:

    1. Olukunle Samuel Olaniran & Olusola Olakunle Ogunjinmi, 2022. "Modelling the Impacts of Agricultural Outputs and its Components on Human Mortality Rate in Nigeria," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 11(1), pages 146-160, January.
    2. Olorunfemi Yasiru Alimi & Akinola Christopher Fagbohun & Mohammed Abubakar, 2021. "Is population an asset or a liability to Nigeria’s economic growth? Evidence from FM-OLS and ARDL approach to cointegration," Future Business Journal, Springer, vol. 7(1), pages 1-12, December.

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