Credit policies and agricultural development: The Cross River State perspective
Author(s): Otu, Christopher Awa
Institute(s): Department of Economics, Faculty of Social Sciences, University of Calabar,
Volume 2024 / Issue 1
Abstract
This study on Agricultural Credit Policies and Agricultural sector Development: The Cross River State Perspective sought to determine the impact of agricultural credit policies on agricultural output in Cross River State. The study resorted to data on gross domestic product, government expenditure on agriculture and interest rate from the State Bureau of Statistics ranging from 1991- 2017. The study adopted the Ordinary Least Square (OLS) method of analysis. Result from our findings indicated that Interest rate and Agricultural expenditure did not have significant impact on Gross Domestic Product (GDP) during the period under review. The author recommended for an expansion of capital investment to boost agricultural output in the State. Secondly deliberate policies should be implemented aimed at creating the enabling environment for private sector participation in the agricultural sector development ranging from: Farming, Processing, and Preservation, exporting, Tourism, Recreational and environmental services. This will increase the State Gross Domestic Product (SGDP) and showcase the states potentials to world.
Number of Pages: 13
Number of Words: N/A
First Page: 16
Last Page: 28