ECONOMIC REVITALISATION THROUGH AGRICULTURE: ROLE OF AGRICULTURAL CREDIT GUARRANTEE SCHEME FUND IN NIGERIA

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The study provides information on how best to explore and exploit the potential of Agricultural Credit Guarantee Scheme Fund in revitalizing the Nigeria economy that is currently under recession. The relationship among Agricultural Credit Guarantee Scheme Fund, Commercial Banks loan supplied to agriculture and Agriculture share of Gross Domestic Product was determined using secondary data obtained from the website of the Central Bank of Nigeria. Annual values of Agricultural Credit Guarantee Scheme Fund, Commercial Banks loans to Agriculture and Agricultural share of Gross Domestic Products for a period of thirty three years were collected and analyzed using Correlation Matrix and Ordinary Least Square regression. Results showed that no negative relationship exists among the three variables. There was positive and statistically significant relationship between Agricultural Credit Guarantee Scheme Fund and Commercial Bank Loan

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