Oluwaseun Abayomi Akinde, Ibiyemi Ajoke Onafowokan


The agricultural sector is seen to be indispensable in establishing the framework for the Nigeria’s economic growth. Literature affirms finance to it can enhance the productivity which in turn can supply inputs to another sector regarding provision of food for the population while increasing savings, capital and foreign exchange needs of the economy. Thus, this study evaluates the performance of ACGSF in the sector and its effects on productivity.

This study employed both descriptive and econometrics analysis of the time series data sourced from 1981 to 2013. This study concludes that publicly supported agricultural interventions in Nigeria regarding Agricultural Credit Guarantee Scheme Funds were effective at driving productivity in the agricultural sector with 32 percent speed of adjustment. This study recommends that the Federal Government of Nigeria should effectively and efficiently align agricultural spending and policy priorities while strengthening the institutional capacities to ensure the sustainability of successful development initiatives in agricultural credit guarantee scheme funds. 


Agriculture financing, productivity

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