Agricultural Credit Guarantee Scheme Fund (ACGSF) and Agricultural Performance in Nigeria: A Threshold Regression Analysis

Credit financing deficit is one of the problems militating against performance agriculture in Nigeria. Against this background, government Nigeria introduced agricultural credit guarantee scheme fund (ACGSF) 1977 to encourage banks increase and sustain lending agriculture. Unfortunately, has not achieved desired results. Hence, study seeks evaluate thresholds ACGSF on between 1981 2019. The was captured using real Gross Domestic Product (GDP). Annual time series data were obtained from Central Bank (CBN) Statistical Bulletin World Development Indicators (WDI) analysed threshold regression. Although insignificant, results show U-shaped relationship GDP ACGSF. In addition, significant positive effects at 1060389 (₦’ thousand) 5951809 thresholds. concludes that value loans guaranteed inclusiveness more smallholder farmers who dominate Nigerian space will translate into robust contribution