Effect Of Micro Finance Service On Saving Investment And Output In Abia State Of Nigeria

This study investigated the effect of financial service (loans) and savings facilities delivery) on saving, investment and output in Abia State of Nigeria. Data used for the study were collected from clients of the Nigeria Agricultural Cooperative and Rural Development Bank (NACRDB). Eighty loan beneficiaries of the bank were randomly selected and interviewed with structured questionnaire. Data collected were analysed using simple statistical tools such as the t – test statistic, percentages, frequency distribution and multiple regression analysis. The results suggest that access to microfinance services has significant positive effects on investment and output. The effect of micro finance service on saving was positive but not significant. The result of the regression analysis showed that savings had significant positive effect on investment while the effect of interest payment on investment was negative and significant Based on the findings, we recommend that microfinance services should be expanded in the study area and that people should be encouraged to make more saving as to enhance their income. Keywords: Microfinance, Savings, Investment and OutputJournal of Agriculture and Food Sciences Vol. 5 (1) 2007: pp. 81-9

Saving in Non cash forms among farmer: implications for sustainable production

No Abstract.Nigeria Agricultural Journal Vol. 37 2006: pp. 124-13

Evaluation of Exchange Rate Policy on Agricultural Trade in Nigeria

The objective of this study was to evaluate the effect of exchange rate policy on agricultural trade in Nigeria. Secondary data were used for the study and were analyzed using multiple regression analysis and correlation analysis. Data were collected from 12970-2003. The regression resul ofts showed total output of cocoa, worls price of cocoa, exchange rate and average rainfall to be the significant determinan ts of cocoa export; world price of palm oil and rainfall for palm oil; and the significant determinants of rice importa wre world price of rice, time trend, exchange rate and local output of rice. The correlation results showed that there is a positive and significant relationship between exchange rate and export volume of palm oil and import volume of rice respecctively. Government support to farmers in the form of credit and input subsidies is a veritable policy option that would enab le the farmers to enhance their productivity. These would lead to increase export of cocoa and palm oil and reduced importation of rice. These would invariably enhance the foreign exchange earning capacity of the country as well as helping in the match towards acheiving self-reliance and self-sufficiency in food production