The study aims to analyse the role of finance in the agro-industrialisation nexus in Nigeria using annual data on manufacturing value added, agricultural value added and volume of finance availed to the agricultural sector from 1981 to 2015.,To establish the presence of a long-run relationship, the error correction model and bounds cointegration techniques are employed. Likewise, the model is augmented to test whether the associated relationship between industrial output and agricultural output depends on access to finance by farmers with the inclusion of an interaction term.,Some salient contributions to the literature are as follows: agriculture and finance are strong and positive predictors of industrialisation in the long run; in the short run, past realisations of industrial output and finance have significant asymmetric effects on industrial output; the explanatory power of agriculture decreases with the growth of the financial system; and the long-run results validate the role of finance in the agro-industrialisation nexus.,Given these findings, achieving growth in the agricultural sector that will induce desired industrialisation should be prioritised by the government through agencies such as the central bank, financial intermediaries and other stakeholders with a view to making agricultural financing a major concern for sustainable domestic consumption and industrial growth.

中文翻译：

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尼日利亚的农业工业化和金融中介

这项研究旨在使用1981年至2015年间的制造业增加值，农业增加值和农业部门可用融资量的年度数据来分析金融在尼日利亚农业工业化关系中的作用。游程关系，纠错模型和边界协整技术被采用。同样，对该模型进行了扩充，以检验工业产出与农业产出之间的关联关系是否取决于农民在包括一个相互作用项的情况下对金融的获取。对文献的一些重要贡献如下：农业和金融业很强，从长远来看，对工业化的积极预测；从短期看，过去对工业产出和金融的认识对工业产出具有重大的不对称影响；农业的解释力随着金融体系的增长而降低；鉴于这些发现，政府应通过中央银行，金融中介机构等机构优先考虑实现农业部门的增长以诱导理想的工业化，这是金融业在农业工业化联系中的作用。和其他利益攸关方，以期使农业融资成为可持续的国内消费和工业增长的主要关切。