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Promotion of Non-Oil Export in Nigeria: Empirical Assessment of Agricultural Credit Guarantee Scheme FundKeywords: Agricultural credit , cointegration , financial institutions , loans , non-oil export , Vector Auto-regressive Abstract: The Agricultural Credit Guarantee Scheme Fund (ACGSF) was established in 1977 with the aim of enhancing commercial banks’ 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.
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