BANK CREDIT ON AGRICULTURAL AND MANUFACTURING SECTORS' OUTPUTS IN NIGERIA

https://doi.org/10.5281/zenodo.10204213

Authors

  • Onyia, Chinedu Callistus Ph.D Department of Banking and Finance, Faculty of Management Sciences, Enugu State University of Science and Technology (ESUT), Agbani, Nigeria
  • Okafor, Ozoemena C. Ph.D. Department of Marketing, Faculty of Management Sciences, Enugu State University of Science and Technology (ESUT), Agbani, Nigeria

Keywords:

Bank credits, agricultural and manufacturing sectors' outputs, ordinary least square, Nigeria

Abstract

This study while assessing the impact of bank credit on agricultural and manufacturing sectors' outputs in Nigeria focused on the following specific objectives, to: examine the effect of bank credit on the agricultural sector outputs in Nigeria, and investigate the influence of bank credit on manufacturing sector outputs in Nigeria. Ex-post facto research design was adopted to ascertain the cause and effect of the key variables. Two hypotheses were tested using Ordinary Least Square (OLS). The findings showed that the total credit to private sector had a positive and significant effect on agricultural sector outputs; and that total credit to private sector had a positive and significant influence o manufacturing sector outputs. The study recommended that government should ensure that credits were sufficiently allocated to particularly the agricultural and manufacturing sectors in Nigeria and made obtainable at very reasonable lending rates. This will enable the two critical sectors attain production possibilities, thereby accelerating economic growth and development in the long run

Published

2023-11-24

How to Cite

Onyia, C. C., & Okafor, O. C. (2023). BANK CREDIT ON AGRICULTURAL AND MANUFACTURING SECTORS’ OUTPUTS IN NIGERIA. Journal of Interdisciplinary Research in Accounting and Finance (JIRAF), 10(3), 53–63. https://doi.org/10.5281/zenodo.10204213

Issue

Vol. 10 No. 3 (2023): July-September

Section

Original Peer Reviewed Articles
Copyright & Licensing

Copyright (c) 2023 Journal of Interdisciplinary Research in Accounting and Finance (JIRAF)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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