Effect Of Devaluation On Commercial Banks Credit Supply To Agriculture In Nigeria
ABSTRACT
The objective of the study was to
evaluate the effect of devaluation on commercial banks credit supply to
Agriculture in Nigeria. The study was carried out in the Federal Republic of
Nigeria. Secondary data were used in this study and were analysed using
descriptive statistics and multiple regression. Data were obtained form various
issues of Central Bank of Nigeria annual report and statement of accounts,
statistical bulletin and the Federal office of Statistics Report. Objective one
was analyzed with the use of descriptive statistical tools while objective two
and three were analyzed by the use of regression analysis. The T- test was used
to compare the amount of credit supplied by commercial banks pre and post
devaluation periods. Chows test was used to test for the equality of the
coefficient and heterogeneity of the intercepts obtained for the pre
devaluation and devaluation regression result. Savings of commercial banks,
Nominal Exchange rate and value of guaranteed credit were significant
determinants of credit supplied post devaluation and pre devaluation and they
positively affected the level of Credit Supply of Commercial Banks to
Agriculture in Nigeria
0.0
OBUBA, I (2021). Effect Of Devaluation On Commercial Banks Credit Supply To Agriculture In Nigeria. Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-devaluation-on-commercial-banks-credit-supply-to-agriculture-in-nigeria-7-2
IJEOMA, OBUBA. "Effect Of Devaluation On Commercial Banks Credit Supply To Agriculture In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 06 Sep. 2021, https://repository.mouau.edu.ng/work/view/effect-of-devaluation-on-commercial-banks-credit-supply-to-agriculture-in-nigeria-7-2. Accessed 25 Nov. 2024.
IJEOMA, OBUBA. "Effect Of Devaluation On Commercial Banks Credit Supply To Agriculture In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 06 Sep. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-devaluation-on-commercial-banks-credit-supply-to-agriculture-in-nigeria-7-2 >.
IJEOMA, OBUBA. "Effect Of Devaluation On Commercial Banks Credit Supply To Agriculture In Nigeria" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-devaluation-on-commercial-banks-credit-supply-to-agriculture-in-nigeria-7-2