Total value of loans guaranteed by the ACGSF (TVLGUAD);
The Nigerian ACGSF (henceforth "the Scheme" or "the Fund") was set up in 1977.
Figures 1 and 2 are the plots of the key time series, namely: loan volume, recurrent expenditure, ACGSF capital, value of food imports, agricultural GDP and number of loans granted under ACGSF.
A number of lessons could be learned from the Nigerian ACGSF by other countries intending to institute similar programs.
The co-integration results have clearly shown that there is a long-run relationship between agricultural GDP and the number and volume of loans guaranteed by the ACGSF.