Agricultural credit and Nigeria's economic performance Department:Economics By: Ekings Project ID: 2839 Rating: (3.1) votes: 21 Price:₦3000 Get the Complete MaterialAbstractIn most agrarian economies like the type that exists in Nigeria, agricultural production provides the needed fulcrum upon which a sustainable development would blossom. Being the main source of food for most of the population, till date, agricultural production remains the mainstay of the Nigerian economy. It provides the means of livelihood for most of the population, a major source of raw materials for the agro-allied industries and a potent source of the much needed foreign exchange. However, inadequate credit (among other factors) to the agricultural sector led to the downward trend observed in agricultural productivity in Nigeria. Therefore, this study sought to examine agricultural credit and Nigeria’s economic performance: an empirical analysis (1981-2015). The ex-post facto research design was adopted to enable the researcher make use of secondary data and determine cause-effect relationship during the period, 1981-2015. The Ordinary Least Square (OLS) estimation technique was adopted, using SPSS statistical software to test the hypotheses, where Total Agricultural Credit Guarantee Scheme Fund (TACGSF), Agricultural Credit Guarantee Scheme Fund to crop production (ACGSFCP), Agricultural Credit Guarantee Scheme Fund to livestock (ACGSFLSP) and Agricultural Credit Guarantee Scheme Fund to fisheries (ACGSFP) were used as the independent variables while Agricultural Production (AP), Gross Domestic Product Agricultural Crop Production (GDPACP), Gross Domestic Product Agricultural Livestock Production (GDPALS) and Gross Domestic Product Agricultural Fisheries Production (GDPAFP) were used as the dependent variable. The study found that Agricultural Credit guarantee scheme fund for crop production, livestock production and fisheries had significant positive impact on the crop, livestock and fisheries productivity in Nigeria for the period of the study. The study, therefore, recommends that stakeholders: the farmers, lending institutions and government must show greater commitment and dedication for the scheme to achieve its laudable objectives....Preview Download Preview +Other Economics project topics and materials you might be interested in»The impact of industrialization on Nigeria's economic development»The impact of minimum wage fluctuation on growth of Nigerian economy»Population growth and economic development in Nigeria (1981-2011)»The impact of population growth on the Nigerian economy (1980-2010)»The impact of petroleum subsidy on the consumption of petroleum products in Nigeria»The impact of small and medium scale industries on the economic growth of Nigeria (1986 – 2010)»The impact of industrial output on the economy of Nigeria (1980-2010)»The growth of Nigerian economy and unemployment (1980-2010)»The effect of external debt on economic growth of Nigeria»Impact of government expenditure on Nigerian economic growth (1981 – 2010)»Poverty and the Nigerian economy»An assessment on the impact of industrialization on economic growth in Nigeria»The impact of external debt on Nigeria economy (1985-2011)»Inequality and taxation in Nigeria (1980-2010)»The impact of bank lending on the growth of small and medium business in Osun State