Abstract:
The study analyzed the implication of agricultural financing on rural
poverty alleviation in Nigeria. The agricultural financing indicators considered
as independent variables include government expenditure to agriculture sector,
commercial bank credit to agriculture sector, agriculture sector guarantee
scheme fund loan to agriculture sector, lending rate loan to agriculture sector.
The independent variable for economic growth is considered as real gross
domestic product. The data was sourced from central bank of Nigeria (CBN)
Statistical Bulletin and it was analyzed using multiple regression analysis. The
result revealed that government expenditure to agricultural sector has positive
and insignificance effect on gross domestic product in Nigeria, commercial
bank credit to agricultural sector has positive and significance impact on gross
domestic product in Nigeria, Agricultural sector guarantee scheme fund loan to
agricultural sector has positive and significance impact on gross domestic product
in Nigeria. It was recommended that government at all level should increase their
allocation to the agriculture sector of the economy to enhance the performance
of the sectors.
