The Impact of Commercial Bank Credit on Agricultural Sector in Nigeria (1993-2019)

The study identified poor infrastructure, inadequate financing, lack of appropriate technology, high interest rates, bureaucratic difficulties and unfair conditions required by commercial banks, corruption and nepotism, political instability, difficulty is assessing bank loans, etc. As some of the factors that necessitated this study. In view of these, the research sought to quantifythe nature of relationship between Loan Assessment and Food Security in Nigeria. The study was anchored on the Structural Change Theory by Lewis Arthur (1954), descriptive research and correlational survey design was employed in the study using secondary data. The Ordinary Least Square method of estimation (OLS) was adopted for this study consist of multiple regression.The findings of the study revealed that there was a significant positive relationship between Loan Assessment and Food Security in Nigeria. The study concluded that commercial bank credit has an enormous influence in the agricultural sector as it improved food production in the country through food availability, food access and food utilization. Thus, recommends that commercial banks in Nigeria should make more loan/credit facilities available and accessible to farmers all over the country to sustain the increased agricultural product needs in Nigeria. These funds must be made available to serious minded farmers at affordable interest rates