Green Financing and the Nigerian Agricultural Sector Growth
The study examined the effect of green financing on agricultural output in Nigeria. Time series data that ranged between 2017 and 2021 was collected and analyzed using the Pearson’s Correlation and multiple regression techniques. Data such as government green bonds, corporate green bonds, sectoral distribution of credits to the agricultural sector, and agricultural sector output are sourced from the Central Bank of Nigeria (CBN) statistical bulletin. It was gathered from the result of the study that corporate green bonds and government green bonds had positive but not significant effect on agricultural sector output while agricultural sectoral credits were found to influence agricultural output negatively and insignificantly. The study concluded that green financing was a potential solution to the achievement of a sustainable circular economy, especially in the agricultural sector. Thus, it was recommended that focus should be placed on ensuring that green financing was sufficiently available for investors in the agricultural sector so that the sector could contribute more to economic development. Keywords: Green financing, Green bond, Agricultural sector growth.
Keywords: Green financing, Green bond, Agricultural sector growth.
Citation: , & Demehin, J.A. (2023). Green Financing and the Nigerian Agricultural Sector Growth. International Journal of Innovative Research in Accounting and Sustainability, 8(4), 135-146.