Agro-Financing and Agricultural Output in Nigeria

Osabohien, Romanus and OLURINOLA, Isaiah Oluranti and Matthew, Oluwatoyin (2020) Agro-Financing and Agricultural Output in Nigeria. Journal of Advanced Research in Law and Economics, 4 (50). pp. 1262-1268. ISSN 2068-696X

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Abstract

the Cen1ral of Nigeria (CBN) Statistical Bulletin and the World Development Indicators (WOI) of the World Bank for the peric between 1990 and 2019. The study applied the Canonical Cointegration approach to achieve its objectives. Findings showe that agro·financing significantly affect the level of agricultural output in Nigeria. The result of the econometric models estimate in this study showed that, on average, a 1% increase in agro-financing may increase agricultural output by between 0.12~ Therefore, the study recommended that more agro-funding at low-interest rates will motivate farmers to invest in high·yie seedlings, farm in,plements, organic inputs that are capable of positively impacting total yield leading to more output.

Item Type:	Article
Uncontrolled Keywords:	agricultural finance; agricultural output; farmers.
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	06 Jul 2022 10:40
Last Modified:	06 Jul 2022 10:40
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/16060

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