Romanus Osabohien, Ngozi Adeleye, Tyrone De Alwis
Department of Economics and Development Studies, Covenant University, Nigeria.
Centre for Economic Policy and Development Research (CEPDeR), Covenant University, Nigeria.
Heliyon. 2020 May 28;6(5):e04001. doi: 10.1016/j.heliyon.2020.e04001. eCollection 2020 May.
This study examines how agro-financing impacts on food production in Nigeria supporting Goal 2 of the 2030 Sustainable Development Goals (SDGs) which aims to . The study covers the period 1981-2018 using annual data sourced from the World Development Indicators (WDI) of the World Bank, Central Bank of Nigeria (CBN) Statistical Bulletin. The Johansen and the Canonical Cointegration approaches are employed and findings reveal that agro-financing is statistically significant in explaining the level of food production in Nigeria. The result implies that a 1% increase in farmers' access to agricultural finance is associated with an increase in food production by 0.002%-0.006% depending on the model specification. This result aligns with the ' expectations as it is expected that more agro-funding at low-interest rates motivates farmers to secure high-yield seedlings, machinery and other farm implements, organic inputs that positively impact on total agricultural yield, leading to more food production. Therefore, the study recommends that more funding be allocated to the agrarian sector with less stringent credit conditions, and more arable land be allotted for farming purposes amongst others.
本研究考察了农业融资如何影响尼日利亚的粮食生产，以支持2030年可持续发展目标（SDGs）的目标2，该目标旨在……。本研究涵盖1981 - 2018年期间，使用了来自世界银行《世界发展指标》（WDI）、尼日利亚中央银行（CBN）统计公报的年度数据。采用了约翰森和典型协整方法，研究结果表明，农业融资对解释尼日利亚的粮食生产水平具有统计学意义。结果表明，农民获得农业融资的机会每增加1%，粮食产量将增加0.002% - 0.006%，具体取决于模型设定。这一结果符合预期，因为预计更多低息农业资金会促使农民获得高产幼苗、机械和其他农具、有机投入品，从而对农业总产量产生积极影响，进而带来更多粮食生产。因此，该研究建议，应向农业部门分配更多资金，放宽信贷条件，此外还应划拨更多耕地用于耕种等。
