{"id":23132,"date":"2025-11-20T15:45:34","date_gmt":"2025-11-20T15:45:34","guid":{"rendered":"https:\/\/journals.amssr.org\/grjaf\/?p=23132"},"modified":"2025-11-20T15:45:42","modified_gmt":"2025-11-20T15:45:42","slug":"impact-of-interest-rate-on-agricultural-business-in-nigeria","status":"publish","type":"post","link":"https:\/\/journals.amssr.org\/grjaf\/2025\/11\/20\/impact-of-interest-rate-on-agricultural-business-in-nigeria\/","title":{"rendered":"IMPACT OF INTEREST RATE ON AGRICULTURAL BUSINESS IN NIGERIA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Download PDF<\/h2>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/11\/IMPACT-OF-INTEREST-RATE-ON-AGRICULTURAL-BUSINESS-IN-NIGERIA-GRJAF-AMSSRN.docx.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of IMPACT OF INTEREST RATE ON AGRICULTURAL BUSINESS IN NIGERIA GRJAF AMSSRN.docx.\"><\/object><a id=\"wp-block-file--media-822dbea7-e075-4b3e-880b-24224de8116c\" href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/11\/IMPACT-OF-INTEREST-RATE-ON-AGRICULTURAL-BUSINESS-IN-NIGERIA-GRJAF-AMSSRN.docx.pdf\">IMPACT OF INTEREST RATE ON AGRICULTURAL BUSINESS IN NIGERIA GRJAF AMSSRN.docx<\/a><a href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2025\/11\/IMPACT-OF-INTEREST-RATE-ON-AGRICULTURAL-BUSINESS-IN-NIGERIA-GRJAF-AMSSRN.docx.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-822dbea7-e075-4b3e-880b-24224de8116c\">Download<\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Authors<\/strong><\/h2>\n\n\n\n<p>Onomuhara Oke Godwin<sup> 1 <\/sup>&amp; DR ISEREMEIYA COMFORT <sup>2<\/sup><\/p>\n\n\n\n<p><em><sup>1 <\/sup><\/em><em>Department of Accounting,&nbsp;<\/em><\/p>\n\n\n\n<p><em>Faculty of Social and Management Sciences,<\/em><\/p>\n\n\n\n<p><em>Igbinedion University, Okada<\/em><\/p>\n\n\n\n<p><em><sup>2 <\/sup><\/em><em>DEPARTMENT OF ACCOUNTING,<\/em><\/p>\n\n\n\n<p><em>FACULTY OF&nbsp; MANAGEMENT SCIENCES<\/em><\/p>\n\n\n\n<p><em>Ambrose Alli&nbsp; UNIVERSITY<\/em><\/p>\n\n\n\n<p><em>Ekpoma, DELTA STATE<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>ABSTRACT&nbsp;<\/strong><\/h2>\n\n\n\n<p>As a backbone of economic growth, banks provide financial and non financial services. With the contribution of both entrepreneurship 51% and 22% for agriculture, pursuing the workability of this ideal for agribusiness strategization and fasttracking attainment of the year 2024 Economic growth, This study examines the effect of interest rate on agricultural business in Nigeria. Data collection was through questionnaire, administered to agribusiness customers of First Bank, Nigeria plc and United Bank for Africa. Data analysis was through frequencies, percentages and T-test analytical techniques. Findings revealed that high interest rate has effect on access to loans by agribusiness investors. The study recommends augmenting agribusiness performance through interest rate reduction, increased access to loans, and inclusion of cooperative bodies in finance policies and programmes. Further studies may increase the number of banks covered and other policies that influence agribusiness<\/p>\n\n\n\n<p><strong>Keywords: Agricultural business, interest rate, financial policy, Economic growth, loan.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>BIBLIOGRAPHY&nbsp;<\/strong><\/h2>\n\n\n\n<p>Abdul-kemi, Zubair, (2014). Entrepreneurship and Economic Development in Nigeria: Evidence from Small and Medium Scale Enterprises (SMEs) Financing International Journal of Business and Social Science Vol. 5, No. 11(1), Pp 215&nbsp;&nbsp;<\/p>\n\n\n\n<p>Adetiloye, K. A., (2012). Agricultural Financing in Nigeria: An Assessment of the Agricultural Credit Guarantee Scheme Fund (ACGSF) For Food Security in Nigeria (1978-2006). J Economics, 3(1):39- 48&nbsp;&nbsp;<\/p>\n\n\n\n<p>Adeusi, S. O &amp; Ayodele, T. D (2000). Agricultural Finance in Nigeria. Balfak Educational Publisher, Ado-Ekiti.&nbsp;<\/p>\n\n\n\n<p>Adeyinka, A. J., Daniel, A. A., &amp; Olukotun, G. A. (2015). 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The Role of Agriculture in Economic Development: Visible and Invisible Surplus Transfers. Journal of Development Studies, 12-18.&nbsp;<\/p>\n\n\n\n<p>World Bank Group (2018). Agricultural finance and Agricultural Insurance. www.worldbank.org&nbsp;<\/p>\n\n\n\n<p>&nbsp;Yakubu, Z., and Affoi, A.Y. (2014). An Analysis of Commercial Banks\u2019 Credit on Economic Growth in Nigeria . Current Research Journal of Economic Theory , Vol. 2, No 3.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Authors Onomuhara Oke Godwin 1 &amp; DR ISEREMEIYA COMFORT 2 1 Department of Accounting,&nbsp; Faculty of Social and Management Sciences, Igbinedion University, Okada 2 DEPARTMENT OF ACCOUNTING, FACULTY OF&nbsp; MANAGEMENT SCIENCES Ambrose Alli&nbsp; UNIVERSITY Ekpoma, DELTA STATE ABSTRACT&nbsp; As a backbone of economic growth, banks provide financial and non financial services. With the contribution of both entrepreneurship 51% and 22% for agriculture, pursuing the workability of this ideal for agribusiness strategization and fasttracking attainment of the year 2024 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21742,"comment_status":"open","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335,620,619],"tags":[],"class_list":["post-23132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grjaf","category-vol-6-issue-1","category-volume-6"],"_links":{"self":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/comments?post=23132"}],"version-history":[{"count":1,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23132\/revisions"}],"predecessor-version":[{"id":23134,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23132\/revisions\/23134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media\/21742"}],"wp:attachment":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media?parent=23132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/categories?post=23132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/tags?post=23132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}