INSTITUTIONAL FUNDING OF AGRICUCTURAL SECTOR AND ECONOMIC GROWTH IN NIGERIA (1981-2021)

INSTITUTIONAL FUNDING OF AGRICUCTURAL SECTOR AND ECONOMIC GROWTH IN NIGERIA (1981-2021)

Registration ID: IJNRD_201736

Published ID: IJNRD2310017

DOI: Click Here to Get

Adeniji Quadri Tunde , Rasaki Olufemi Kareem , Abdulqodir Babtunde Taiwo , Jubril Olalekan Ojurongbe , Lukmon Olawale Ashiru

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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"INSTITUTIONAL FUNDING OF AGRICUCTURAL SECTOR AND ECONOMIC GROWTH IN NIGERIA (1981-2021)", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 10, page no.a121-a129, October-2023, Available :https://ijnrd.org/papers/IJNRD2310017.pdf

Volume 8 Issue 10, October-2023

Pages : a121-a129

Paper Reg. ID: IJNRD_201736

Published Paper Id: IJNRD2310017

Downloads: 000121152

Research Area: Social Science and Humanities 

Country: Abeokuta, Ogun state, Nigeria

Published Paper PDF: https://ijnrd.org/papers/IJNRD2310017.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2310017

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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