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Title: Assessing The Influence Of Government Agricultural Financing On Crop Productivity In Nigeria 1980-­2020
Author(s): OKUDUWOR A. A. & BEN­ELIJAH A.
Abstract: This study examined the Influence of Government Agric. Financing on Crop Productivity in Nigeria 1980­ 2020.determine the effect of agricultural credit guaranteed scheme on crop production in Nigeria, determine the effect of public capital expenditure to agriculture on crop production in Nigeria, determine the effect of public recurrent expenditure to agriculture on crop production in Nigeria. The study adopted the quasi­-experimental research design. Secondary data were used in this study. The method employed for analyzing the time series data was the Auto Regressive Distributed Lag (ARDL­ECM) model. Pre­estimation diagnostics tests were employed to check for stationarity of the data. After estimation, the model was subjected to some diagnostics tests to verify how reliable and efficient it is for purposes of forecast and policy prescription. All the variables were found to be stationary at first difference and at level from the unit root test. From the results of the ARDL­ECM regression model (PREXPA) was significant and rightly signed (4.88E­05) meaning that public recurrent expenditure brought about increase in crop production in the country.The study concluded that government financing to agriculture (public recurrent expenditure) have significant and positive influence on crop production in Nigeria, and recommended that proper supervision should be placed on agricultural credit guaranteed scheme and public capital expenditure to agriculture so their impact will also be felt in the crop sector.
Keywords: Agriculture, Finance, Crop, Productivity
Journal: Economic and Social Science Review (ESR)
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