• Ihayere Oseghale National Institute of Construction Technology and Management, Uromi, Edo State, Nigeria
  • Ugege Joseph National Institute of Construction Technology and Management, Uromi, Edo State, Nigeria
  • Abu Prince Regenesys Business School, Sandton, Johannesbury, South Africa
Keywords: Sustainable Agriculture, Agriculture Finance, Depository Institutions


Aligning with Goal two of Sustainable Development Goals (SDGs2) to accomplish zero hunger by the year 2030. This research dives deeper into how Agriculture can be sustained to actualize SDGs2 through the assistance of depository Institutions. The results show that deposit money bank loans, deposit money bank loans rate, exchange rate, government expenditure and agricultural credit sector fund have pose positive effect on agricultural output, only the duo of exchange rate and agricultural credit sector fund indicate a significant impact on agricultural output at the 5% level of significance while deposit money bank loans have a slightly positive significant effect on agricultural output at approximately 10% level of significance. This implies that across the period under investigation, deposit money bank loans, exchange rate and agricultural sector credit fund impose significant and positive contribution to agricultural output.


Abayomi E. (2002). Realizing the potential of Agriculture in Nigeria. CBN Bulletin, 26: 11-34

Ajie H.A., and Ewabore D.B., (2013) Financial Instituions: Market and Contemporary Issues. Pearl Publishers, Port Harcourt.

Ammani, Aliyu. (2012). An Investigation into the Relationship between Agricultural Production and Formal Credit Supply in Nigeria. International Journal of Agriculture and Forestry. 2. 46-52. 10.5923/j.ijaf.20120201.08. DOI:

Anyanwu, S.O., Ibekwe, U.C. and Adesope, O. (2010), Agriculture Share of the Gross Domestic Product and its implication for Rural Development, International Research Journal of Applied Basic Sciences, 4(3), pp. 548 – 555.

Das, A., Senapati, M., and John, J. (2009). Impact of Agricultural Credit on Agriculture Production: An Empirical Analysis in India. Reserve Bank of India Occasional Papers, 30(2), 75-107.

Ekine O.N and Onukwuru, S. (2018). The impact of Deposit money banks credit on Agriculrural sector. DOI:

Igudia, P.O. (2010). Global Food Crisis and Food Insecurity in Nigeria, Confluence Journal of Environmental Studies, 5, pp 80-97.

Nnamocha, P. N. and Eke, C. N. (2015). “Bank Credit and Agricultural Output in Nigeria (1970 – 2013): An Error Correction Model (ECM) Approach”. British Journal of Economics, Management & Trade, 10(2): 1-12, 2015, Article no. BJEMT.19884.

Obilor, S. I. (2013). The Impact of Commercial Banks’ Credit to Agriculture on Agricultural Development in Nigeria: An Econometric Analysis, International Journal of Business, Humanities and Technology, Vol. 3 No. 1.

Ojiegbe, J.N., and Duruechi A.H. (2015). Agricultural loans, as catalyst for Food Production in Nigeria: The Problems and Prospects.

Okonkwo, I.I., Nwaru, J.C., Nwokoro, C.C., and Ukeje, B.A. (2017) Differentials in adoption stages of improved cassava production rechnologies among small-holder farmers in Anambra State: Agender situation analyses: Nigeria Agricultural Journal.

Olaitan, M.A., (2006). Financing for small and medium enterprises Nigeria’s agricultural credit guarantee scheme fund. Journal of international Farm Management, 3(2): 1-9.

Stefan D. and Douglas G. (2014). Agriculture in African Development: A Review of Theories and Strategies. CSAE Working Paper WPS/2014-22

Toby, A. J. & D. Peterside (2014). Monetary Policy, Bank Management and Real Sector Finance in Nigeria: Who is to Blame? Proceedings of the First Middle East Conference on Global Business, Economics, Finance and Banking (ME14 DUBAI Conference) Dubai, 10-12 October 2014 ISBN: 978-1-941505-16-8 Paper ID_D482.

How to Cite
Oseghale, I., Joseph, U., & Prince, A. (2020). DEPOSITORY INSTITUTIONS AND SUSTAINABLE AGRICULTURE IN NIGERIA. International Journal of Research -GRANTHAALAYAH, 8(5), 173-178.