Agricultural Development In Nigeria: The Impact Of Financial Inclusion

Ogbonna Uzoma Emmanuel (B.Sc, M.Sc Banking/Finance)
Banking And Finance Department
Ebonyi State University Abakaliki
Phone No: 07064845278
EMAIL: yuzymanuel@gmail.com
Irem Collins O. (B.Sc, M.Sc, Ph.D Banking/Finance)
Banking And Finance Department
Ebonyi State University Abakaliki
Phone No: 08036233908
EMAIL: iremcollinsokey@yahoo.com
Nwogo Justin (B.Sc, M.Sc Banking/Finance)
Banking And Finance Department
Ebonyi State University Abakaliki
Phone No: 08039369902
EMAIL: nwogojusty@yahoo.com

ABSTRACT
This study examined the impact of financial inclusion on agricultural development in Nigeria. The
study has the objectives of determining the impact of credit to agricultural sector and lending rate on
agricultural output. The study used ordinary least square technique and found that credit to agriculture sector has positive and significant impact on agricultural output, while lending rate has positive but insignificant impact on agricultural output. The study recommended that Government should make credit to agricultural sector a priority, Government should ensure special rate of interest is charged on agric loan and Farmers should be educated on the use of bank credit facility, this will enable them boost production.
Key Words: Financial inclusion, Agricultural Output and Lending Rate

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https://afra.org.ng/wp-content/uploads/2022/03/pro2018011.pdf

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