Paper Title
INSTITUTIONAL FUNDING OF AGRICUCTURAL SECTOR AND ECONOMIC GROWTH IN NIGERIA (1981-2021)
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Abstract
The study examine the effect of institutional funding of agricultural sector on economic growth in Nigeria. The study adopted Secondary data extracted from the Central Bank of Nigeria statistical bulletin which spanned from 1981-2021. The study adopted the unrestricted Vector Autoregressive technique to examine the variables. . The findings showed that there is no long run relationship between institutional funding of agricultural sector and economic growth within the period under study in Nigeria. However, funds from Agricultural Credit Guarantee Scheme has significant effect on economic growth while the commercial banks’ loan to agriculture sector and Federal government expenditure to agriculture sector were insignificant to economic growth in Nigeria within the period under study. The study concluded that economic growth is influenced significantly by institutional funding of agriculture sector in Nigeria. The study therefore suggested that concerted efforts should be made by policy makers to make funds available to farmers through the farmers’ union/associations in other to make commercial farming more productive and stimulate economic growth in Nigeria.
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How To Cite (APA)
Adeniji Quadri Tunde, Rasaki Olufemi Kareem, Abdulqodir Babtunde Taiwo, Jubril Olalekan Ojurongbe, & Lukmon Olawale Ashiru (October-2023). INSTITUTIONAL FUNDING OF AGRICUCTURAL SECTOR AND ECONOMIC GROWTH IN NIGERIA (1981-2021). INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(10), a121-a129. https://ijnrd.org/papers/IJNRD2310017.pdf
Issue
Volume 8 Issue 10, October-2023
Pages : a121-a129
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Paper Reg. ID: IJNRD_201736
Published Paper Id: IJNRD2310017
Downloads: 000122253
Research Area: Social Science and HumanitiesÂ
Author Type: Foreign Author
Country: Abeokuta, Ogun state, Nigeria
Published Paper PDF: https://ijnrd.org/papers/IJNRD2310017.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2310017
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