IDEAS home Printed from https://ideas.repec.org/a/dug/jaccma/y2021i3p76-83.html
   My bibliography  Save this article

Would Agricultural Credit Sustain Agricultural Output in Nigeria? An Empirical Perspective

Author

Listed:
  • Ebere Chidinma Edith

    (Babcock University)

  • Oresanwo Adeniyi Marcus

    (Michael Otedaola College of Primary Education)

  • Omogboye Michael Abayomi

    (Yaba College of Technology)

  • Timothy Ayomitunde Aderemi

    (Bells University of Technology)

Abstract

This study examines the sustainability of agricultural output through agricultural credit in Nigeria. Secondary data from the Central Bank of Nigeria Statistical Bulletin was utilized from 1981-2019. Cointegration, DOLS and Granger Causality were employed in analyzing the objective of the study. Moreover, the study results found that credit disbursed to the agricultural sector has a significant positive impact on agricultural output in Nigeria. However, agricultural expenditure has an insignificant direct linkage with output from agriculture in Nigeria. Also, there exists a unidirectional causality which runs from agricultural credit to agricultural expenditure. Likewise, a one-way feedback effect runs from agricultural output to agricultural expenditure in Nigeria. This research is the first empirical study that tests the sustainability of agricultural output through agricultural credit in Nigeria. Therefore, the policymakers in the country are advised to be committed to financing of the agricultural sector because it has the capacity to sustain agricultural output and as such food security and zero hunger would be guaranteed in the country. Also, there should be an increase in the allocation of the national budget to the agricultural sector in Nigeria.

Suggested Citation

  • Ebere Chidinma Edith & Oresanwo Adeniyi Marcus & Omogboye Michael Abayomi & Timothy Ayomitunde Aderemi, 2021. "Would Agricultural Credit Sustain Agricultural Output in Nigeria? An Empirical Perspective," The Journal of Accounting and Management, Danubius University of Galati, issue 3(11), pages 76-83, December.
    • Handle: RePEc:dug:jaccma:y:2021:i:3:p:76-83
    as

    Download full text from publisher

    File URL: https://dj.univ-danubius.ro/index.php/JAM/article/view/1357/1737
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Romanus Osabohien & Timothy A. Aderemi & Amar Hisham Jaaffar & Emmanuel Oloke & Rowland Bassey & Nora Yusma Mohamed Yusoff & Abayomi Stephen Balogun & Nkiruka E. Ifekwem, 2024. "Electricity Consumption and Food Production in Malaysia: Implication for the Sustainable Development Goal 2," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 119-126, May.

    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:dug:jaccma:y:2021:i:3:p:76-83. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Florian Nuta (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    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.