Araştırma Makalesi

The Impact of Credit Policy Environment on Poultry Production in Nigeria

Cilt: 4 Sayı: 1 31 Mart 2024
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The Impact of Credit Policy Environment on Poultry Production in Nigeria

Öz

The research gave empirical data on the correlation between poultry production index and the credit policy environment in Nigeria. An autoregressive distributed lag (ARDL) bound test approach was employed to establish co-integration between series. The estimated long and short-run models parameters demonstrated stability, best quality, efficiency, and unbiased. The findings showed that in the long run, the commercial bank loan to the agricultural sector and domestic credit to the private sector had a significant positive influence on poultry production index while agricultural credit guarantee scheme loan to poultry subunit and lending interest rate exhibited negative relationships. In the short run, the current year coefficient of lending interest rate, the agricultural credit guarantee scheme loan to poultry subunit and domestic credit to the private sector had significant negative correlation with the poultry production index. However, the commercial bank credit to the agricultural sector showed positive effect on poultry production in the short run. The implication of the finding justifies the need to increase the commercial bank credit to the agricultural sector and domestic credit to private sector as a strategy to boost poultry production. Also, the agricultural credit guarantee scheme fund should be reassessed and modify to render it initial objectives. The lending rate should be deliberately lowered to increase credit access by the poultry farmers.

Anahtar Kelimeler

Kaynakça

  1. Abedullah, N. Mahmood, M. K. & S. Kouser, S. (2009). The role of agricultural credit in the growth of livestock sector: a case study of Faisalabad. Pakistan Vet. J., 29(2): 81-84.
  2. Abu, O. (2017). Impact of agricultural credit guarantee scheme fund (ACGSF) on livestock production in Nigeria: evidence from historical data. Journal of Agriculture and Environment, 13(2), 1-11
  3. Adedokun, B. (2021). Nigeria’s Food Insecurity and Its Implications on Sustainable Development Goal (SDG) 2 amidst the COVID-19 Era. Journal of Good Governance and Sustainable Development in Africa (JGGSDA), 6(5):18-26. Available at: https://doi.org/10.36758/jggsda/v6n5.2021/2.
  4. Adewale, A. T., Lawal, O. A., Aberu, F., & Toriola, A. K. (2022). Effect of credit to farmers and agricultural productivity in Nigeria. East Asian Journal of Multidisciplinary Research, 1(3), 377-388.
  5. Adjognon, S. G., Liverpool-Tasie, L. O., Reardon, T. A. (2017). Agricultural input credit in Sub-Saharan Africa: Telling myth from facts, Food Policy, Volume 67, Pages 93-105,https://doi.org/10.1016/j.foodpol.2016.09.014.
  6. Ahamefule, B. A., Oke, U. R., Nnamani, N. G. and Ezeugo, K. O. (2023). Financial Savings and Capital Formation among Rural Farmers in Abia State, Nigeria. Nigerian Agricultural Journal, 54(1), 402-408.
  7. Ajala, A. O. Ogunjimi, S. I., Famuwagun, O. S. & Adebimpe, A. T. (2021). Poultry Production in Nigeria: Exploiting Its Potentials for Rural Youth Empowerment and Entrepreneurship. Nigerian Journal of Animal Production, 48(1): 114 - 123. doi.org/10.51791/njap.v48i1.2890·
  8. Akpan, S. B. (2022). Trends in major ruminant meats production and the roles of the macroeconomic environment in Nigeria. Scientific Papers Series Management, Economic Engineering in Agriculture and Rural Development 22(4), 49 – 62.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Tarım Politikaları

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Mart 2024

Gönderilme Tarihi

9 Aralık 2023

Kabul Tarihi

21 Mart 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 4 Sayı: 1

Kaynak Göster

APA
Akpan, S., Essien, C., Nkanta, V. S., & Patrick, İ.- mfon. (2024). The Impact of Credit Policy Environment on Poultry Production in Nigeria. Muş Alparslan Üniversitesi Tarım ve Doğa Dergisi, 4(1), 30-41. https://doi.org/10.59359/maujan.1402657
AMA
1.Akpan S, Essien C, Nkanta VS, Patrick İ mfon. The Impact of Credit Policy Environment on Poultry Production in Nigeria. MAÜ Tarım Doğa Derg. 2024;4(1):30-41. doi:10.59359/maujan.1402657
Chicago
Akpan, Sunday, Comfort Essien, Veronica S. Nkanta, ve İni-mfon Patrick. 2024. “The Impact of Credit Policy Environment on Poultry Production in Nigeria”. Muş Alparslan Üniversitesi Tarım ve Doğa Dergisi 4 (1): 30-41. https://doi.org/10.59359/maujan.1402657.
EndNote
Akpan S, Essien C, Nkanta VS, Patrick İ- mfon (01 Mart 2024) The Impact of Credit Policy Environment on Poultry Production in Nigeria. Muş Alparslan Üniversitesi Tarım ve Doğa Dergisi 4 1 30–41.
IEEE
[1]S. Akpan, C. Essien, V. S. Nkanta, ve İ.- mfon Patrick, “The Impact of Credit Policy Environment on Poultry Production in Nigeria”, MAÜ Tarım Doğa Derg, c. 4, sy 1, ss. 30–41, Mar. 2024, doi: 10.59359/maujan.1402657.
ISNAD
Akpan, Sunday - Essien, Comfort - Nkanta, Veronica S. - Patrick, İni-mfon. “The Impact of Credit Policy Environment on Poultry Production in Nigeria”. Muş Alparslan Üniversitesi Tarım ve Doğa Dergisi 4/1 (01 Mart 2024): 30-41. https://doi.org/10.59359/maujan.1402657.
JAMA
1.Akpan S, Essien C, Nkanta VS, Patrick İ- mfon. The Impact of Credit Policy Environment on Poultry Production in Nigeria. MAÜ Tarım Doğa Derg. 2024;4:30–41.
MLA
Akpan, Sunday, vd. “The Impact of Credit Policy Environment on Poultry Production in Nigeria”. Muş Alparslan Üniversitesi Tarım ve Doğa Dergisi, c. 4, sy 1, Mart 2024, ss. 30-41, doi:10.59359/maujan.1402657.
Vancouver
1.Sunday Akpan, Comfort Essien, Veronica S. Nkanta, İni-mfon Patrick. The Impact of Credit Policy Environment on Poultry Production in Nigeria. MAÜ Tarım Doğa Derg. 01 Mart 2024;4(1):30-41. doi:10.59359/maujan.1402657

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