Description This study examines the impact of agricultural credit provided by the Bank of Agriculture on the output and productivity of rural farmers in Akwa Ibom State. Agriculture remains one of the major sources of livelihood in rural communities across Nigeria, yet many small-scale farmers face challenges such as inadequate capital, limited access to modern farming inputs, poor storage facilities, and low productivity. The provision of credit facilities by agricultural financial institutions is therefore considered essential for improving farming activities and increasing food production. The study focuses on how access to loans and financial support from the Bank of Agriculture influences farmers’ ability to purchase improved seedlings, fertilizers, farm equipment, pesticides, and other essential inputs needed for increased agricultural output. It also investigates the extent to which these credit facilities contribute to higher income levels, employment generation, poverty reduction, and rural development in Akwa Ibom State. In addition, the research explores the challenges rural farmers encounter in accessing agricultural credit, including collateral requirements, high interest rates, bureaucratic procedures, and inadequate awareness of available loan schemes. The study seeks to determine whether the credit support received by farmers significantly affects their productivity and overall farming performance. The findings of this study will be useful to policymakers, agricultural institutions, researchers, and rural farmers by providing recommendations on how agricultural credit schemes can be improved to enhance food security, economic growth, and sustainable agricultural development in Nigeria.
Gabriel Kolawole Adedeji (Wed,) studied this question.