%0 Journal Article
%T Promotion of Non-Oil Export in Nigeria: Empirical Assessment of Agricultural Credit Guarantee Scheme Fund
%A U.R. Efobi
%A E.S. Osabuohien
%J Current Research Journal of Economic Theory
%D 2011
%I Maxwell Science Publication
%X The Agricultural Credit Guarantee Scheme Fund (ACGSF) was established in 1977 with the aim of enhancing commercial banksĄŻ loans to the agricultural sector in Nigeria with focus on agro-allied and agricultural production. Many years down the line, the country has witnessed poor participation in the international market with regards to non-oil export. The above stance was assessed with a view to establishing interaction between ACGSF and non-oil export using the Vector Auto-regressive (VAR) technique. The study found, among others, that there exist a long-run relationship between the ACGSF and export, but the magnitude is minimal. It was therefore recommended, inter alia, that adequate infrastructural and storage facilities, which increase the shelf-life of agricultural outputs are needed to improve non-oil exports in Nigeria.
%K Agricultural credit
%K cointegration
%K financial institutions
%K loans
%K non-oil export
%K Vector Auto-regressive
%U http://www.maxwellsci.com/jp/abstract.php?jid=CRJET&no=98&abs=04