IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v6y2022i5p859-867.html
   My bibliography  Save this article

Agricultural Credit Guarantee Scheme Fund, Government Expenditure on Agriculture and Agricultural Output in Nigeria 1990 – 2020

Author

Listed:
  • Dr Christopher Mmaduabuchukwu Okpala

    (Department of Banking and Finance, Federal Polytechnic, Oko, Anambra State, Nigeria)

  • Dr Felix Nwaolisa Echekoba

    (Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria)

  • Amalachukwu Chijindu Ananwude

    (Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria)

Abstract

The effect of agricultural credit guarantee scheme fund and government total expenditure on agriculture on agricultural sector’s contribution to real gross domestic product was evaluated in this study. The Central Bank of Nigeria (CBN) statistical bulletin serves as the data bank for the time series data from 1990 to 2020. The Ordinary Least Square (OLS) technique was employed in estimating the models. The OLS result revealed that agricultural credit guarantee scheme fund has a positive significant effect on agricultural sector’s contribution to real gross domestic product. On the other hand, the effect of government expenditure on agriculture on agricultural sector’s contribution to real gross domestic product is positive but not significant. There is the need for the government to inject more funds into agricultural financing schemes, especially the agricultural credit guarantee scheme fund and also ensure that the funds are effectively disbursed for agricultural activities. Government expenditure on agriculture should be increased to reflect the importance of this sector to the economic development and growth of the country. The budgetary allocation of the government on agricultural sector should not only be increased but measures should be taken to ensure that the budget is released and implemented as at when due.

Suggested Citation

  • Dr Christopher Mmaduabuchukwu Okpala & Dr Felix Nwaolisa Echekoba & Amalachukwu Chijindu Ananwude, 2022. "Agricultural Credit Guarantee Scheme Fund, Government Expenditure on Agriculture and Agricultural Output in Nigeria 1990 – 2020," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(5), pages 859-867, May.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:5:p:859-867
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-6-issue-5/859-867.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/virtual-library/papers/agricultural-credit-guarantee-scheme-fund-government-expenditure-on-agriculture-and-agricultural-output-in-nigeria-1990-2020/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Utpal Kumar De & Dahun S Dkhar, 2018. "Public Expenditure and Agricultural Production in Meghalaya, India- An Application of Bounds Testing Approach to Co-Integration and Error Correction Model," International Journal of Environmental Sciences & Natural Resources, Juniper Publishers Inc., vol. 8(2), pages 71-78, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Debasis Panda & Ankita Sahu, 2023. "Links between Public Expenditure and the Performance of Agriculture in India," Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038, Voices of Inclusive Change and Expressions- (VOICE) Trust, Dehradun, Uttarakhand, vol. 10(2), pages 1-10, April-Jun.
    2. Osinubi, Tolulope Temilola & Apanisile, Olumuyiwa Tolulope, 2021. "Effect of Agricultural Investment On Food Security in Sub-Saharan Africa: What Role Does Institution Play?," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 9(2), April.
    3. Hassan, Samir Ul & Khanday, Shafi Ahmad & Ahmad, Masroor & Mishra, Biswambhara & Rymbai, Motika Sinha, 2022. "A Historical Cum Empirical Overview of Agriculture Spending and Output Nexus in India," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 14(3), September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:6:y:2022:i:5:p:859-867. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.