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The Impact of Agricultural Credit Guarantee Scheme Fund (ACGSF) to Agricultural Produce in Nigeria

The Impact of Agricultural Credit Guarantee Scheme Fund (ACGSF) to Agricultural Produce in Nigeria

Indian Journal of Economics and Development 13(2A): 605-610

ISSN/ISBN: 2320-9836

Insufficient provision of credit has always constituted a causal factor of low domestic and foreign investment in agriculture sector in Nigeria. Hence, the establishment of ACGSF of Decree No. 20 came into existence in the year 1977. This study was carried out to examine the relationship between agricultural produce and agricultural credit guarantee scheme funds in Nigeria, using ordinary least square approach. Findings revealed that agricultural credit have significant and positive impact on agricultural produce in Nigeria. Hence, there is need to increase and sustain the amount of credits disbursed to the sector.

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