Bank Credits and Yield of Fisheries Production in Nigeria

Osaretin Paul Otubu
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Osaretin Paul Otubu: Department of Economics, Faculty of Social Sciences, University of Uyo, P.M.B 1017, Uyo Akwa Ibom State, Nigeria

International Journal of Research and Innovation in Social Science, 2020, vol. 4, issue 6, 621-632

Abstract: The study examined/investigated bank credits and yield of fisheries production in Nigeria (1980 – 2019. The main aim of the study is to examine the effect of credits from the banking system to fisheries production in Nigeria. Econometric methods: ordinary least square, ADF, co-integration, error correction system and granger tests. Bank credits to fisheries production conform to apriori forecast/expectation and was also statistically significant/important at 5% level. All the independent variables/variants conform to apriori forecast, but arable land rate was not statistically significant. Bank credits was discovered to be necessary influence on the output of fisheries production in Nigeria. Causality runs from bank credits to fisheries production output in Nigeria. Cost of borrowing should be reduced. Government should provide the necessary basic amenities. The federal government should control import to boost agriculture in Nigeria.

Date: 2020
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