Assessment of Various Policy Regimes towards Agricultural Export Growth in Nigeria

Udah, S C; Nwachukwu, I; Nwosu, A. C.; Mbanasor, JA

doi:10.9734/ajaees/2015/16637

Cited by 6 publications

(5 citation statements)

References 3 publications

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“…Nigeria is a West African country lying between longitudes 3 0 E and 15 0 E and latitudes 4 0 and 14 0 N. The capital of the country is Abuja, which is geographically located in the North Central part of the country. Nigeria, which is the most populous country in Africa, has an estimated population of over 170 million (Udah and Nwachukwu, 2015). It is situated in the Gulf of Guinea and it is bordered by Benin Republic to the West, Republic if Cameroon and Chad to the East and Niger Republic to the North.…”

Section: Materials and Methods The Study Areamentioning

confidence: 99%

“…Its terrain is divided into the South low lands merging into Central hills and Plateau, mountains in the south and plains in the North. There are arable crops which occupy 33.02% of the total land cover; permanent crops occupy 3.14%, while others occupy 63.84% (Udah and Nwachukwu, 2015). Above 70% of Nigeria's population is engaged in agriculture (NBS, 2016).…”

Section: Materials and Methods The Study Areamentioning

confidence: 99%

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Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

B.¹,

Ogah²,

Ezihe³

2022

JASD

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The study focused on the determinants of government agricultural expenditure in the long and short run from 1999-2020 using Vector Error Correction Model approach. Annual time series data on agricultural GDP, agricultural expenditure, inflation rate, exchange rate, interest rest, private investment, public investment and foreign direct investment collected from the records of Central Bank of Nigeria and National Bureau of Statistics database were analyzed using inferential statistics (ADF, Johansen co-integration and VECM). The results showed that all the variables co-integrate and were stationary at first difference. In the long run, inflation (1.118415) and private investment (0.004239) were the significant and important variables that determine agricultural expenditure. The coefficient of multiple determination (R2) was 0.925, indicating that 92.5% variation in agricultural expenditure was explained by the variables. The Error correction Term is statistically significant and negative (-0.0278) in the short run indicating a slow speed of adjustment of variables towards equilibrium. In the short run, inflation, private investment and public investment were the important variables that influenced government expenditure. The study concludes that inflation, private and public expenditures influenced government agricultural expenditure significantly and therefore recommend friendly policies to curtail inflation, conducive environment to catalyze private investment and stimulation of public investment to boost agricultural growth.

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Section: Materials and Methods The Study Areamentioning

confidence: 99%

Section: Materials and Methods The Study Areamentioning

confidence: 99%

Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

B.¹,

Ogah²,

Ezihe³

2022

JASD

View full text Add to dashboard Cite

show abstract

“…Nigeria is a West African country lying between longitudes 3 0 E and 15 0 E and latitudes 4 0 and 14 0 N. The capital of the country in Abuja, which is geographically located in the North Central part of the country. Nigeria, which is the most populous country in Africa, has an estimated population of over 170 million (Udah and Nwachukwu, 2015). It is situated in the Gulf of Guinea and it is bordered by Benin Republic to the West, Republic if Cameroon and Chad to the East and Niger Republic to the North.…”

Section: Materials and Methods The Study Areamentioning

confidence: 99%

Section: Materials and Methods The Study Areamentioning

confidence: 99%

Responses of Rice Output to Monetary Policy Shock in Nigeria From 1981-2020

Olagunju¹,

Ogah²

2022

JASD

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The research looked at how monetary policy shocks affects rice output in Nigeria. The study made use of time series data spanning the year 1981 to 2020 obtained from the Central Bank of Nigeria (CBN) and National Bureau of Statistics (NBS). The shocks were detected using the Vector Auto-Regressive model (VAR). The study revealed that unit shocks in interest rates, inflation, and exchange rates all harmed rice output with rice output responding more to a unit shock in interest rate. Monetary policy shocks have both positive and negative effects on rice output at different periods. This study concluded, however, that the timing of monetary policy instruments change has serious implications for rice output, and that rice output can bring about positive change in Nigeria's agricultural output if monetary policy instruments are well managed. The study recommended that the monetary authority should ensure that various policies are implemented to ensure that the interest rate to the agricultural sector is within a single digit, accessible, affordable, and sustainable to ensure greater productivity in the sector, as it accounted for the greatest shock in comparison to other monetary variables, the monetary authority should pursue an exchange rate policy that encourages investment in the Nigerian economy's real sector while maintaining market stability.

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“…Nigeria led in the export of these major commodities (Alkali, 1997). Udah, Mbanasor and Nwosu (2015) noted that despite these enormous contributions of agriculture, the sector has slipped into a systemic decline, particularly in the past four decades. They explained that contribution of agriculture to overall GDP went from 64 percent in 1960 to 46 percent in 2010.…”

Section: And the Nigerian Economymentioning

confidence: 99%

Implication of Agricultural Science Education on the Development of the Nigerian Economy

Innocent-Ene¹,

Suleiman²,

Sanni³

2022

kje

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The introduction of agricultural education in Nigeria educational system is necessary as it helps learners acquire knowledge and skills in agriculture which will improve the quantity and quality of agricultural production with a view to better the living standard of the people. Agricultural education has been progressing overtime due to the benefits derived from agriculture. The agricultural sector is a major source of livelihood for most citizens, but the paper noted that production hurdles have significantly stifled the performance of the sector. The paper argued that if the problems bedeviling agricultural sector as well as agricultural education such as inadequate funding, low societal acceptance, lack of qualified manpower, lack of good roads and infrastructures among others can be addressed, the Nigerian economy will be in a better shape as it relates to food security, employment of the youth and provision of raw materials. The paper finally concluded that agricultural education is an innovative programme aimed at self-reliant and employment creation in the country. Apart from the income generation and economic empowerment it can give to the youths, it preoccupies them and keep their minds out of mischief and violence, thereby, enhancing peace and national security which are of utmost importance to the Nigerian economy, and recommends adequate funding to acquire necessary tools and equipment, qualified teaching personnel and in-service training for the teachers as well as incentives for learners of agricultural science.

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Assessment of Various Policy Regimes towards Agricultural Export Growth in Nigeria

Cited by 6 publications

References 3 publications

Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

Responses of Rice Output to Monetary Policy Shock in Nigeria From 1981-2020

Implication of Agricultural Science Education on the Development of the Nigerian Economy

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