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2011 (Vol. 3, Issue: 1)
Article Information:

Promotion of Non-Oil Export in Nigeria: Empirical Assessment of Agricultural Credit Guarantee Scheme Fund

U.R. Efobi and E.S. Osabuohien
Corresponding Author:  Efobi Uchenna Rapuluchukwu 

Key words:  Agricultural credit, cointegration, financial institutions, loans, non-oil export, Vector Auto-regressive,
Vol. 3 , (1): 20-28
Submitted Accepted Published
2010 November, 17 2010 December, 18 2011 February, 28
Abstract:

The Agricultural Credit Guarantee Scheme Fund (ACGSF) was established in 1977 with the aim of enhancing commercial banks’ loans to the agricultural sector in Nigeria with focus on agro-allied and agricultural production. Many years down the line, the country has witnessed poor participation in the international market with regards to non-oil export. The above stance was assessed with a view to establishing interaction between ACGSF and non-oil export using the Vector Auto-regressive (VAR) technique. The study found, among others, that there exist a long-run relationship between the ACGSF and export, but the magnitude is minimal. It was therefore recommended, inter alia, that adequate infrastructural and storage facilities, which increase the shelf-life of agricultural outputs are needed to improve non-oil exports in Nigeria.
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  Cite this Reference:
U.R. Efobi and E.S. Osabuohien, 2011. Promotion of Non-Oil Export in Nigeria: Empirical Assessment of Agricultural Credit Guarantee Scheme Fund.  Current Research Journal of Economic Theory, 3(1): 20-28.
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ISSN (Online):  2042-485X
ISSN (Print):   2042-4841
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