Yıl 2020, Cilt 2 , Sayı 3, Sayfalar 459 - 470 2020-07-22

Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria
Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria

Felix ACHOJA [1]


The study was carried out to determine the macro-economic correlates of public capital supply for agribusiness financial bailout and its implications for agricultural development in Nigeria. Secondary data was obtained from Central Bank of Nigeria (CBN) statistical bulletin,(2018) and it covered from 1992-2018. Simple regression, correlation matrix and descriptive statistics were used to analyze the collected data. The descriptive statistics indicates that the mean capital injection into the agribusiness firms amounted to 39.3 million. The simple regression shows that money supply has a positive and significant relationship with the financial bailout of agribusiness firms. Correlation matrix shows that money supply has a close relationship with reserve requirement, interest rate, discount rate and exchange rate. The study concludes that the mean capital injection into agricultural sector is low, money supply have a positive and significant relationship with the financial bailout of agribusiness firms and the relevant macro-economic variables significantly have a close relationship with money supply. The study therefore recommends that Policymakers should develop policies that will stabilize the injection of capital into the agribusiness sector and the stabilization of the relevant macroeconomic variables. This will further lead to the overall development of the agricultural value chain in the Nigerian economy.

The study was carried out to determine the macro-economic correlates of public capital supply for agribusiness financial bailout and its implications for agricultural development in Nigeria. Secondary data was obtained from Central Bank of Nigeria (CBN) statistical bulletin,(2018) and it covered from 1992-2018. Simple regression, correlation matrix and descriptive statistics were used to analyze the collected data. The descriptive statistics indicates that the mean capital injection into the agribusiness firms amounted to 39.3 million. The simple regression shows that money supply has a positive and significant relationship with the financial bailout of agribusiness firms. Correlation matrix shows that money supply has a close relationship with reserve requirement, interest rate, discount rate and exchange rate. The study concludes that the mean capital injection into agricultural sector is low, money supply have a positive and significant relationship with the financial bailout of agribusiness firms and the relevant macro-economic variables significantly have a close relationship with money supply. The study therefore recommends that Policy makers should develop policies that will stabilize the injection of capital into the agribusiness sector, and the stabilization of the relevant macro economic variables. This will further lead to the overall development of agricultural value chain in the Nigerian economy.

macro-economics, correlates, financial bailout
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Konular Sosyal
Bölüm Research Articles
Yazarlar

Orcid: 0000-0002-9705-4923
Yazar: Felix ACHOJA (Sorumlu Yazar)
Kurum: DELTA STATE UNIVERSITY, ASABA CAMPUS, NIGERIA
Ülke: Nigeria


Tarihler

Yayımlanma Tarihi : 22 Temmuz 2020

Bibtex @araştırma makalesi { bilturk707579, journal = {BİLTÜRK Journal of Economics and Related Studies}, issn = {}, eissn = {2667-5927}, address = {http://dergipark.gov.tr}, publisher = {Fatih DEYNELİ}, year = {2020}, volume = {2}, pages = {459 - 470}, doi = {10.47103/bilturk.707579}, title = {Relationship between Money Supply \& Financial Bailout of Small Scale Agribusiness Firms in Nigeria}, key = {cite}, author = {Achoja, Felix} }
APA Achoja, F . (2020). Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria . BİLTÜRK Journal of Economics and Related Studies , 2 (3) , 459-470 . DOI: 10.47103/bilturk.707579
MLA Achoja, F . "Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria" . BİLTÜRK Journal of Economics and Related Studies 2 (2020 ): 459-470 <https://dergipark.org.tr/tr/pub/bilturk/issue/56057/707579>
Chicago Achoja, F . "Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria". BİLTÜRK Journal of Economics and Related Studies 2 (2020 ): 459-470
RIS TY - JOUR T1 - Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria AU - Felix Achoja Y1 - 2020 PY - 2020 N1 - doi: 10.47103/bilturk.707579 DO - 10.47103/bilturk.707579 T2 - BİLTÜRK Journal of Economics and Related Studies JF - Journal JO - JOR SP - 459 EP - 470 VL - 2 IS - 3 SN - -2667-5927 M3 - doi: 10.47103/bilturk.707579 UR - https://doi.org/10.47103/bilturk.707579 Y2 - 2020 ER -
EndNote %0 BİLTÜRK Ekonomi ve İlişkili Çalışmalar Dergisi Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria %A Felix Achoja %T Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria %D 2020 %J BİLTÜRK Journal of Economics and Related Studies %P -2667-5927 %V 2 %N 3 %R doi: 10.47103/bilturk.707579 %U 10.47103/bilturk.707579
ISNAD Achoja, Felix . "Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria". BİLTÜRK Journal of Economics and Related Studies 2 / 3 (Temmuz 2020): 459-470 . https://doi.org/10.47103/bilturk.707579
AMA Achoja F . Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria. BILTURK. 2020; 2(3): 459-470.
Vancouver Achoja F . Relationship between Money Supply & Financial Bailout of Small Scale Agribusiness Firms in Nigeria. BİLTÜRK Journal of Economics and Related Studies. 2020; 2(3): 459-470.