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AGRICULTURAL FINANCING AND ECONOMIC GROWTH IN NIGERIA
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- Contributor: mr-chris
- engagements: 42
- Case No: 434783ip
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ABSRACT - [ Total Page(s): 1 ]The objective of this study is to find out the impact of agricultural financing on economic growth in Nigeria for the period 1981 to 2014. The study used endogenous components of Agricultural Credit Guarantee Scheme (ACGS) loans to Individual Farmers (LIF), loans to Informal Group (LIG), loans to Co-operative (LCO), and loans to Company (LCY) as explanatory variables to capture agricultural financing. Gross Domestic Product (GDP) at constant prices was used to proxy economic growth. Data for the study were obtained from the Central Bank of Nigeria (CBN) statistical bulletin of various publicat
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CHAPTER ONE - [ Total Page(s): 3 ]The role of financial capital as a factor of production to facilitate economic growth and development as well as the need to appropriately channel credit to rural areas for economic development of the poor rural farmers cannot be over emphasized. Credit is viewed as more than just another resource such as labour, land, equipment and raw materials (Rhaji, 2008). According to Shepherd (2002), credit determines access to all the resources on which farmers depend. Since banking cannot be separated from economic development, the banks (especially Deposit Money Banks) in the banking ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]The objective of this study is to find out the impact of agricultural financing on economic growth in Nigeria for the period 1981 to 2014. The study used endogenous components of Agricultural Credit Guarantee Scheme (ACGS) loans to Individual Farmers (LIF), loans to Informal Group (LIG), loans to Co-operative (LCO), and loans to Company (LCY) as explanatory variables to capture agricultural financing. Gross Domestic Product (GDP) at constant prices was used to proxy economic growth. Data for the study were obtained from the Central Bank of Nigeria (CBN) statistical bulletin of various publicat
... Continue Reading
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