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Effect of Commercial Banks’ Loans and Advances to Agricultural Sector on Agricultural Value Added Growth Rate in Nigeria

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dc.contributor.author ZWINGINA, Christy
dc.date.accessioned 2024-07-03T16:12:50Z
dc.date.available 2024-07-03T16:12:50Z
dc.date.issued 2023-12-28
dc.identifier.issn 2320-9747
dc.identifier.uri http://localhost:8080/xmlui/handle/123456789/2498
dc.description.abstract This study was carried out to evaluate the effect of commercial banks’ loans and advances on agricultural sector on agricultural value added growth rate in Nigeria between 2003 and 2022 using annual time series data sourced from Central Bank of Nigeria Statistical Bulletin and World Bank Development. Agricultural value added growth rate was used as the dependent variable while commercial banks’ loans and advances to agriculture was used as the independent variable. Auto Regressive Distributed Lag (ARDL) Model was used to analyze data. The results of ARDL Model revealed that commercial banks’ loans and advances to agricultural sector had a significant positive relationship with agricultural value added growth rate in Nigeria. The researchers’ therefore recommended that Commercial banks should encourage agricultural sector value added growth by granting loans and advances when needed to intending entrepreneurs to venture in agriculture value added activities, among others. en_US
dc.language.iso en en_US
dc.publisher JOURNAL OF MONEY, BANKING AND FINANCE en_US
dc.relation.ispartofseries Vol. 8;No. 2,
dc.subject commercial banks’ loans and advances en_US
dc.subject agricultural value added en_US
dc.subject agricultural financing en_US
dc.subject agricultural sector en_US
dc.subject Auto regressive distributed lag model en_US
dc.title Effect of Commercial Banks’ Loans and Advances to Agricultural Sector on Agricultural Value Added Growth Rate in Nigeria en_US
dc.type Article en_US


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