Analysis of formal lending to the agricultural sector in Nigeria: 1978 - 1998

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dc.contributor.authorPhilip, Dayo
dc.date.accessioned2018-10-16T14:08:52Z
dc.date.available2018-10-16T14:08:52Z
dc.date.issued2001-09
dc.description.abstractThe objective of this paper is to estimate the relationship between formal lending to agriculture and some assumed determinants of agricultural credit lending during the 1978-98 sample period. Lending by financial institutions to the agricultural sector was viewed for the purpose of model development in this study as the "supply of credit" to agriculture. Thus, the sets of determinants of agricultural credit supply to the Nigerian agricultural sector was assumed to consist of economic theory, policy and other variables. The models specified were estimated using the usual least squares procedure. The interest rate variable was negatively related to agricultural credit supply during the 1978- 86 sub-period, contrary to expectations. This was explained based on the regime of interest rate regulation prevailing prior to 1987. However, there was a net positive response of agricultural credit lending to the lending rate after interest rate deregulation from 1987, inclusive.en_US
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dc.description.provenanceMade available in DSpace on 2018-10-16T14:08:52Z (GMT). No. of bitstreams: 1 Analysis of formal lending to the agricultural sector in nigeria 1978 - 98.pdf: 460603 bytes, checksum: 91a0b5c30b7fc35c64f0f1322955599e (MD5) Previous issue date: 2001-09en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationPhilip, Dayo (2001). Analysis of formal lending to the agricultural sector in Nigeria: 1978 - 1998. Economic and Financial Review, 40(3), 40 - 58.en_US
dc.identifier.issn1957 - 2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/372
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 40;No. 3
dc.subjectFormal lendingen_US
dc.subjectAgricultural sectoren_US
dc.titleAnalysis of formal lending to the agricultural sector in Nigeria: 1978 - 1998en_US
dc.typeArticleen_US

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