Nexus between Agriculture Financing and Economic Growth in Nigeria 1981-2016

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Onoh Chukwunonso Francis

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Published: 4 May 2020 | Article Type :


The research examined the nexus between Agriculture financing and Economic Growth in Nigeria for the period 1981 to 2016. The study shows a long and short run relationship between the dependent variable (GRGDP) and the independent variables (ASO, ACGSF, INT and CBA). The coefficient of determination R2 is 35% which shows a low explanatory power of the independent variables on the dependent variable. Prob(F-statistic) of 0.036239 shows that the variables are jointly significant. There is Uni-directional causality relationship between GRGDP and ACGSF in Nigeria. GRGDP Granger causes ACGSF. The paper recommended that the government should device a fund disbursement technique where real farmers will be given funds on a very low interest rate.

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Onoh Chukwunonso Francis. (2020-05-04). "Nexus between Agriculture Financing and Economic Growth in Nigeria 1981-2016." *Volume 3*, 2, 25-33