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Access to credit and agricultural sector performance in Nigeria

Author

Listed:
  • Romanus Osabohien
  • Anita Mordi
  • Adeyemi Ogundipe

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.

Suggested Citation

  • Romanus Osabohien & Anita Mordi & Adeyemi Ogundipe, 2022. "Access to credit and agricultural sector performance in Nigeria," African Journal of Science, Technology, Innovation and Development, Taylor & Francis Journals, vol. 14(1), pages 247-255, January.
    • Handle: RePEc:taf:rajsxx:v:14:y:2022:i:1:p:247-255
    DOI: 10.1080/20421338.2020.1799537
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    Cited by:

    1. Wanglin Ma & Huanguang Qiu & Dil Bahadur Rahut, 2023. "Rural development in the digital age: Does information and communication technology adoption contribute to credit access and income growth in rural China?," Review of Development Economics, Wiley Blackwell, vol. 27(3), pages 1421-1444, August.
    2. Olena Serhiienko & Maryna Tatar & Lidiya Guryanova & Olena Shapran & Mykhailo Bril, 2023. "Improvement of Financial Instruments of the Agricultural Sector and Food Security Efficiency Increasing," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 115-142.

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