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February 26, 2026Open Access

Sustainable Agricultural Financing as a Pathway to Economic Prosperity in Nigeria

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Authors

EUEmmanuel Chukwudi UdohNONnenna Grace Okeke

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Overview

Analysis of agricultural finance impacts on GDP performance in Nigeria, suggesting strategic improvements.

Key Points

  • The research aims to analyze how agricultural finance affects the agricultural sector's performance in Nigeria.
  • Annual time series data collection from the Central Bank of Nigeria
  • Use of GDP contribution as a performance proxy
  • Johansen’s cointegration for examining long-term relationships
  • Vector autoregressive estimation to analyze short-run dynamics
  • Establishment of a long-term relationship between agricultural finance and GDP contribution
  • Significant long-term effects of the agricultural credit guarantee scheme on GDP
  • Positive impact of commercial bank lending to agriculture on GDP contribution during the study period

Cite This Study

Udoh et al. (2025) studied this question.

synapsesocial.com/papers/699fe33695ddcd3a253e6df6https://doi.org/10.5281/zenodo.18755202
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