IMPACT OF AGRICULTURAL CROPS FINANCING ON AGRICULTURAL OUTPUT IN NIGERIA

Abstract

This study investigated the impact of crops financing on agricultural output in Nigeria from 1981 to 2021. The Autoregressive distributed lag (ARDL) model was employed in the analysis of time series data from the Central Bank of Nigeria statistical bulletin. The results unveiled that crop production and grains had positively and significantly affected agricultural output in both the short-run and the long-run. Since the agricultural credit guaranteed funding of crops and grains farming had positively and significantly affected agricultural output, the study recommends for sustenance or continues to implement the crops financing scheme by the government. In so doing, the progress achieved will be sustained with food security achieved in the economy.