scholarly journals DEPOSITORY INSTITUTIONS AND SUSTAINABLE AGRICULTURE IN NIGERIA

2020 ◽  
Vol 8 (5) ◽  
pp. 173-178
Author(s):  
Ihayere Oseghale ◽  
Ugege Joseph ◽  
Abu Prince
Keyword(s):  
Exchange Rate ◽  
Agricultural Sector ◽  
Government Expenditure ◽  
Bank Loans ◽  
Positive Contribution ◽  
Agricultural Credit ◽  
Agricultural Output ◽  
Depository Institutions ◽  
Level Of Significance ◽  
Zero Hunger

Aligning with Goal two of Sustainable Development Goals (SDGs2) to accomplish zero hunger by the year 2030. This research dives deeper into how Agriculture can be sustained to actualize SDGs2 through the assistance of depository Institutions. The results show that deposit money bank loans, deposit money bank loans rate, exchange rate, government expenditure and agricultural credit sector fund have pose positive effect on agricultural output, only the duo of exchange rate and agricultural credit sector fund indicate a significant impact on agricultural output at the 5% level of significance while deposit money bank loans have a slightly positive significant effect on agricultural output at approximately 10% level of significance. This implies that across the period under investigation, deposit money bank loans, exchange rate and agricultural sector credit fund impose significant and positive contribution to agricultural output.

scholarly journals Determinants of Agricultural Production and Agricultural Sector Output in Nigeria

2020 ◽  
pp. 1-9
Author(s):  
Ewubare Dennis Brown ◽  
◽  
Asimiea Iyabode ◽  
Keyword(s):  
Exchange Rate ◽  
Granger Causality ◽  
Rural Areas ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
Granger Causality Test ◽  
Causality Test ◽  
Agricultural Credit ◽  
Production Output ◽  
The Impact

The study examined the determinant of agricultural production and agricultural sector output in Nigeria. The objective of the study is to determine the impact of agricultural production determinants on agricultural output. The study was carried out based on secondary data collected through the CBN statistical bulletin unit root test was conducted test and granger causality test were used as the main statistical tests. The findings from the study based on the OLS results shows that agricultural funding, agricultural credit/loan as well as exchange rate have positive relationship with agricultural production output. Also, the granger causality test shows that agricultural funding, agricultural credit loan as well as exchange rate impact on agricultural production output. In view of the findings, it is recommended for adequate budgetary provisions for the agricultural sector in order to provide infrastructural facilities to the rural areas where farm produce are concentrated in order to boost production. Also, provision of credit facilities to the agricultural sector through the farmers in rural areas should be encouraged

scholarly journals Selected Macroeconomic Variables and Agricultural Sector in Nigeria

2021 ◽  
Vol 7 (06) ◽  
Author(s):  
James Ese Ighoroje ◽  
Catherine, Ogheneovo Orife
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Money Supply ◽  
Agricultural Sector ◽  
Least Square ◽  
Domestic Product ◽  
Agricultural Output ◽  
Macroeconomic Variables ◽  
Ex Post

The study investigated effect of selected macroeconomic variables on agricultural sector output in Nigeria from 1987 - 2019. Annual Agricultural Output (AAO) represented the dependent variable for the study while gross domestic product, interest rate, money supply, and exchange rate represented the explanatory variables. Ex-post factor research design was employed for the study. Augmented Dickey Fuller Unit Roots test and Ordinary Least Square (OLS) Regression techniques were used to analyze data collected. The empirical investigation showed that gross domestic product as well as money supply has a positive and significant effect on agricultural output, while interest rate and exchange rate exerted a negative and insignificant effect on agricultural output. From the study, selected macroeconomic variables have positive effect on agricultural output in Nigeria and this has tremendously contributed to the country's growth and development. The study recommends amongst other; that government should accelerate the rate of economic growth by investing heavily on the agricultural sector so as to boost domestic production and enhance exportation in order to stabilize exchange rate while curbing inflation; give incentives to banks extending agricultural loans by lowering the lending rate on agricultural loans to ease access to funds for agricultural investment.

scholarly journals Empirical Analysis of Government Agricultural Spending and Agricultural Output in Nigeria

2021 ◽  
pp. 7-23
Author(s):  
Bridget Ngodoo Mile ◽  
Victor Ushahemba Ijirshar ◽  
Simeon T. Asom ◽  
Joseph Tarza Sokpo ◽  
Joseph Fefa
Keyword(s):  
Agricultural Sector ◽  
Time Series Data ◽  
Government Expenditure ◽  
Analytical Techniques ◽  
Wald Test ◽  
Series Data ◽  
Easy Access ◽  
Agricultural Output ◽  
Integration Test ◽  
The Government

This study examined the relationship between government agricultural spending and agricultural output in Nigeria using annual time series data from 1981 to 2019. This study used descriptive and analytical techniques such as descriptive statistics, Augmented Dickey-Fuller test, VEC Granger Causality/Block Exogeneity Wald test, Johansen co-integration test, vector error correction test, impulse response, and variance decomposition. The study found that all variables were not stationary at level but became stationary at first difference. The study also revealed that there is a positive effect of government agricultural spending on agricultural output in Nigeria, though, significant in the long-run only. The study also showed that there is a bidirectional relationship between government agricultural spending and agricultural output in Nigeria at 10% level of significance and that agricultural output would respond positively to shocks in government agricultural spending in Nigeria during the forecast period. Therefore, the study recommends that government expenditure on agriculture should be improved upon the funds allocated to the sector and should be made available to real farmers through the provision of fertilizers, improved seedlings and grant aiding to farmers through farmers cooperatives while farmers in Nigeria should form farmers’ cooperatives to be able to easily access credit facilities from banks as well as enhancing their easy access to farm inputs provided by the government. More so, the Nigerian government should also increase the budgetary allocation to the agricultural sector to boost food production, alleviate poverty as well as meet up with the international standard.

scholarly journals Effect of Agricultural Financing on the Performance of Agricultural Sector in Nigeria

2021 ◽  
Vol 2 (2) ◽  
pp. 1-13
Author(s):  
Obioma I. F. ◽  
Ihemeje J. C. ◽  
Ogbonna C. I. ◽  
Amadi C. O. ◽  
Hanson U. E
Keyword(s):  
Commercial Banks ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Government Expenditure ◽  
Series Data ◽  
Agricultural Credit ◽  
Vector Autoregressive ◽  
Credit Guarantee ◽  
Explanatory Variables ◽  
Long Run

The study examined the effects of agricultural financing on the performance of agricultural sector in Nigeria using annual time series data. The data for the study was sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin. Contribution of agriculture to GDP was used as proxy for the performance of agricultural sector, commercial banks loan to agriculture, rain fall, government expenditure to agriculture and interest rate were used as proxy for explanatory variables. Following unity in the order of integration, Johansen cointegration approach was used to check for the long run relationship among the variables. Vector autoregressive estimate the vector correction mechanism was used to examine the speed of adjustment of the variables from the short run dynamics to the long run equilibrium. The study found that there is long run relationship among the variables. Specifically; there is significant and long run effect of Agricultural Credit Guarantee Scheme on Contributions of agriculture to GDP. Commercial banks loans to agriculture showed positive and significant effect on Contributions of agriculture to GDP within the reference period. The coefficient of multiple determinations explained the variation in the dependent variable jointly explained by the independent variables. The study recommend that there should be increase in the amount which the agricultural credit guarantee scheme inject into the sector on annual basis and  proper supervisory measures should be constituted in order to ensure efficient application and use of the money.

scholarly journals An Econometric Analysis Of Bank Lending And Agricultural Output In South Africa: A Survey Approach

2014 ◽  
Vol 31 (1) ◽  
pp. 163
Author(s):  
Joseph Chisasa
Keyword(s):  
South Africa ◽  
Agricultural Sector ◽  
Smallholder Farmers ◽  
Bank Lending ◽  
Ordinary Least Squares ◽  
Output Growth ◽  
Bank Credit ◽  
Agricultural Output ◽  
North West ◽  
Level Of Significance

This paper analyses the role of credit on the performance of smallholder farmers in South Africa. Applying survey data involving 362 respondents from North West and Mpumalanga provinces the study utilises the Ordinary Least Squares to estimate the Cobb-Douglas production function with agricultural output as the endogenous variable and bank credit, land, labour and rainfall as the independent variables. Credit is observed to have a positive and significant influence on the agricultural output of smallholder farmers at the 1% level of significance. A 1% increase in the amount of credit yields a combined incremental effect of 0.375% on output. When disaggregated, short-term credit contributes 0.14% while long-term credit induces output growth of 0.231%. The coefficient for land was found to be positive and significant at 5%. Labour and rainfall, albeit positive were insignificant. The paper concludes that availability of both bank credit and land stimulate growth in the agricultural sector. Therefore policies directed at increasing the supply of credit to smallholder farmers are recommended.

scholarly journals Agricultural Output, Government Expenditure and Economic Growth in Nigeria: A Gregory-Hansen Cointegration Test with Structural Breaks

2021 ◽  
Vol 17 (41) ◽  
pp. 38
Author(s):  
Ali Salisu ◽  
Haladu Adahama Ibrahim
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Government Expenditure ◽  
Domestic Product ◽  
Agricultural Output ◽  
Real Gross Domestic Product ◽  
Long Run ◽  
Short Run ◽  
Positive Effect

The agricultural sector at large plays a significant role in augmenting economic growth, serves as a source of income to the people, provides food to the teeming population, serves as a source of raw materials to the industries and provides foreign exchange to the country, etc. The current study investigates the short-run and long-run relationship among agricultural output, Government expenditure, and Economic growth in Nigeria using annual time series data from 1985 to 2019. The Zivot-Andrew unit root test indicates that gross domestic product, agricultural output, and exchange rate are stationary at first difference while government expenditure is stationary at level. The Gregory-Hansen test with structural break has confirmed the existence of a cointegration relationship among the variables employed. The Autoregressive Distributive Lag (ARDL) model with break indicates that, in the short-run agricultural output has a negative and statistically insignificant effect on real gross domestic product Nigeria, government expenditure has a positive and statistically significant effect on real gross domestic product in Nigeria, and the exchange rate has a positive and statistically significant effect on real gross domestic product in Nigeria. The break-point coefficient has positive and statistically significant. The long-run result shows that agricultural output has a positive effect on the real gross domestic product in Nigeria, government expenditure has a positive effect on real gross domestic product in Nigeria, and the exchange rate has positive effects on the real gross domestic product in Nigeria. The break coefficient shows positive and statistically significant. The study recommends that the Nigerian government should reduce the lending rate on agriculture and provide incentives to the farmers, this will encourage farmers to borrow and consequently, agricultural output will increase and the Nigerian government should increase its expenditure on agriculture to boost the sector and achieve higher economic growth.

scholarly journals Agricultural output and government expenditure in Nigeria

2020 ◽  
Vol 8 (2) ◽  
pp. 101-110
Author(s):  
KEJI Sunday Anderu ◽  
EFUNTADE Olubunmi Omotayo
Keyword(s):  
Government Spending ◽  
Agricultural Sector ◽  
Government Expenditure ◽  
Output Growth ◽  
Agricultural Policies ◽  
Agricultural Output ◽  
Long Run ◽  
Augmented Dickey Fuller ◽  
To Come ◽  
Adf Test

The study empirically investigate the link between agricultural output growth and government spending in Nigeria from 1981 to 2018. Augmented Dickey-Fuller (ADF) test was used to investigate stationary variable at different levels. The mixture in order of integration necessitate Auto Redistributed Lag (ARDL) and Bounds co-integration, since it allows combination of fractionally integrated variables. The results show both short and long run effect of government spending on the growth of agricultural output in Nigeria. The policy implication is that any disruption in government spending on agricultural sector would have adverse effect on agricultural output growth in Nigeria. In view of poor agricultural output growth in Nigeria, coupled with corruption, and policy summersaults in the sector. It is pertinent in the study, to come up with the following recommendations thus; government should re-double it efforts in terms food security through improved agricultural policies, proper channelization of loans across board with sustainable fiscal measures that can translate to actual growth.

scholarly journals Do Economics and National Political Governance Influence Student-Enrolment at a Private Higher Educational Institution?

2020 ◽  
Vol 2 (1) ◽  
Keyword(s):  
Exchange Rate ◽  
Agricultural Sector ◽  
Statistical Significance ◽  
Educational Institution ◽  
Social Institutions ◽  
Gdp Per Capita ◽  
Student Enrolment ◽  
Per Capita ◽  
Higher Educational ◽  
Level Of Significance

Witter and Anderson have empirically established that structural adjustment has destroyed many social institutions as well as the agricultural sector in Jamaica. The current work aims to answer the following question, "Do intentional homicide rate, rape rate, and selected macroeconomic indicators such as inflation, unemployment, exchange rate (US $ to Jamaican dollar), and GDP per capita rates influence student enrolment at a Private Higher Educational Institution?" For the present study, data were taken from publications from government departments on macroeconomics and the online computer system at a Private Higher Educational Institution (1970-2016) [1]. Data were recorded, stored, retrieved, and analyzed, using the Statistical Packages for the Social Sciences (SPSS) for Windows, Version 24.0. The level of significance that is used to determine statistical significance is less than 5% (0.05) at the 2-tailed level of significance [2]. The findings revealed that Gross Domestic Product (GDP) per capita positively influences student-enrolment at the Private Higher Educational Institution and that it is the most significant predictor of student enrolment. The results also revealed that inflation, exchange rate, intentional homicide, and GDP per capita are predictors of student-enrolment, with these four independent factors accounting for 97.4% of the variability in annual enrolment at the Private Higher Educational Institution-GDP accounting for most of the variance in student enrolment (i.e. 90.6%). With continued dwindling market share of students, the Institution must diversify its product offerings to include the wider public and the government.

Impact of Health and Agriculture Financing on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 37-58
Author(s):  
Rasaki Olufemi KAREEM ◽  
◽  
Olawale LATEEF ◽  
Muideen Adejare ISIAKA ◽  
Kamilu RAHEEM ◽  
...  
Keyword(s):  
Economic Growth ◽  
Federal Government ◽  
Causal Relationship ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Health Sector ◽  
Series Data ◽  
The Impact

The study focused on the impact of health and agriculture financing on economic growth in Nigeria from 1981 to 2019. The study utilized the time series data which was extracted from Central Bank of Nigeria annual statistical bulletin. Unit Root test was performed with the use of Augmented Dickey-Fuller test in order to ascertain the stationarity of all the variables and they were all found to be stationary at order 1 in the two specified models (composite and disaggregated). Error Correction Model (ECM) was used to analyze the data in order to determine the speed of adjustment from the short run to the long run equilibrium state. Casualty test was used to confirm causal relationship among the variables of interests. The study revealed that Federal Government expenditure in Health sector has a significant effect on economic growth in Nigeria. Federal Government expenditure in Agricultural sector equally had a positive effect on economic growth but surprisingly not significant. Considering the disaggregated form, Federal Government capital expenditure in both Health and Agricultural sectors have positive and statistically significant effect on economic growth while Federal Government recurrent expenditure on health has a positive and statistically insignificant effect in economic. It was also revealed that there is causal relationship among the variables. Based on the findings, the study concluded that Federal Government Expenditure in Health Sectors and Agriculture Sectors have effect on economic growth in Nigeria.

Commercial Banks Credit and the Performance of Real Sector in Nigeria: 1990-2017

2020 ◽  
pp. 1-15
Keyword(s):  
Central Bank ◽  
Commercial Banks ◽  
Agricultural Sector ◽  
Manufacturing Sector ◽  
Bank Lending ◽  
Real Sector ◽  
Agricultural Credit ◽  
The Real ◽  
Scientific Discussion ◽  
The Cost

The study examined the arguments and counterarguments within the scientific discussion on commercial banks credit and the performance of real sector in Nigeria. The main objective of the study is to examine the effect of commercial banks credit on the performance of the real sector in Nigeria.Data was sourced from Central Bank of Nigeria Statistical Bulletin. A systematization literary approach for data analysis was Regression Analysis. Findings revealed that bank credit and bank lending rate does not have significant impact on real sector performance in Nigeria. It was showed that there was a positive and significant relationship between agricultural credit guarantee scheme fund and agricultural production in Nigeria. The study therefore recommends that banks should be directed to channel their credits towards the real sector to facilitate overall economic growth and development in Nigeria. It was recommended that there is the need policies that will favor the revamp of the agricultural sector in Nigeria should be given pride of place. Also, monetary authority through the Central Bank of Nigeria should create adequate policies and strategies towards deepening of the financial sector and reducing the cost of credit/loans so as to enhance productivity and consequently enhance the growth of the key sectors of economy such as manufacturing sector.

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