Impact of Agricultural Financing on Real Output Growth in Nigeria

The study examined the impact of agricultural financing on real output growth in Nigeria. It was established that agricultural financing is the examination and analysis of financial aspect of farm business. The establishment of agricultural financing is aimed at given easy access of fund to farmers in order to enhance greater agricultural output. The study equally adopted some mathematical and econometrics techniques such as ADF for unit root test, ARDL model for long run and short run coefficient, Bound test and Diagnostic test. However, the study revealed that ACGSF & GAE as proxy of agricultural financing have positive and significant effect on real output growth except CBCFA which recorded negative and insignificant effect on real output growth in Nigeria. Therefore, study concluded recommended that the implementation of agricultural financing schemes should be well monitored by both Government and Non-governmental agencies. Since ACGSF is agricultural scheme, and from the research findings, there were evidence that such schemes have positive impact on agricultural productivity and economic growth.