Evaluating the Efficacy of the Use of Development Finance Intervention by Central Bank in Agri-Business Financing

Ife, Kenneth Amechi and UDEH, Sergius Nwannebuike and ODO, John Onyemaechi and Ugwu, James Ike (2025) Evaluating the Efficacy of the Use of Development Finance Intervention by Central Bank in Agri-Business Financing. Innovations, 5 (82). pp. 909-921.

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Abstract

This paper aims to evaluate the efficacy of the Central Bank's development finance interventions in the Nigerian economy. Its primary objectives scrutinized the accomplishments achieved through these intervention programs, pinpointed the hurdles they encounter and also highlighted the key components and methodologies used in the CBN's model for intervening in the agricultural sector. To achieve this, we adopt a dynamic and recursive model that considers two distinct sectors within the Nigerian economy. In our analysis, we specifically incorporated the effects of the CBN's interventions in the agricultural sector by considering them as expansions in the agricultural capital stock. This methodological approach allowed us to develop a deeper comprehension of the scale and implications of these interventions on the agricultural sector as a whole. The study concluded that the Central Bank of Nigeria (CBN) has been actively involved in development financing since 1964 and has steadily expanded and improved its capabilities in this field.it therefore Recommended further development by promoting collaboration with relevant actors, enhancing monitoring, evaluation and strengthening, the effectiveness of Development Finance Institutions (DFIs). The concept of Public Private Partnerships (PPP) is also encouraged to foster greater economic growth in the agricultural sector.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 26 Nov 2025 11:36
Last Modified: 26 Nov 2025 11:36
URI: http://eprints.gouni.edu.ng/id/eprint/5588

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