International records / OpenAlex research

Impact of Bank Credit on Agricultural Output in Nigeria

This study examines the impact of bank credit on agricultural output in Nigeria from 1992-2023, with a particular emphasis on the contributions of both commercial and microfinance bank credit to the agricultural sector growth. The agricultural sector has exhibited weak performance in Nigeria over time, contributing less to economic growth and raising concerns about food insecurity, and questions about whether financial support, particularly bank credit, has been adequate or effective. The study employs the Autoregressive Distributed Lag (ARDL) model to analyse the effect of bank credit on agri…