Agricultural Financing, Security Expenditure, Institutional Quality and Food Sustainability in Nigeria
This study examines the impact of agricultural financing, security expenditure, and institutional quality on food sustainability in Nigeria from 1999 to 2023. Using data from the World Bank and the Central Bank of Nigeria, the Autoregressive Distributed Lag (ARDL) model was applied after conducting standard diagnostic and stability tests. Findings reveal that, in the long run, agricultural credit, bank loans to agriculture, government spending, and external defense expenditure negatively affect food sustainability, while interest rate, internal defense, and institutional quality indicators (political stability, regulatory quality, and control of corruption) have positive effects. Short-run results show mixed but statistically significant relationships. The study recommends improved agricultural funding with low-interest credit, greater government investment in agriculture, enhanced integrity in defense spending, reduced corruption, and stronger democratic governance to foster lasting food security in Nigeria. Keywords: Agricultural financing, security expenditure, institutional quality, Food sustainability, Nigeria
Keywords: Agricultural financing, security expenditure, institutional quality, Food sustainability, Nigeria
Citation: Akinuli, B.O., Obayagbona, J., & Phd, (2025). Agricultural Financing, Security Expenditure, Institutional Quality and Food Sustainability in Nigeria. International Journal of Innovative Research in Accounting and Sustainability, 10(3), 28-43.