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Abstract
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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
Submitted: 2010 November, 17
Accepted: 2010 December, 18
Published: 2011 February, 28 |
Abstract:
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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.
Key words: Agricultural credit, cointegration, financial institutions, loans, non-oil export, Vector Auto-regressive,
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Cite this Reference:
U.R. Efobi and E.S. Osabuohien, . Promotion of Non-Oil Export in Nigeria: Empirical Assessment of Agricultural Credit Guarantee Scheme Fund. Current Research Journal of Economic Theory, (1): 20-28.
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ISSN (Online): 2042-485X
ISSN (Print): 2042-4841 |
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