Trend Analysis and Macroeconomic Variable Determinants of Egg Production in Nigeria

Akpan, Sunday B.; NKANTA, Veronica S.

doi:10.56430/japro.1174674

Cited by 4 publications

(6 citation statements)

References 13 publications

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“…A study has revealed that the amount of credit allocated to the agricultural sector, per capita income, and corn and chicken meat production levels positively influence egg production in both the short and long term. Conversely, the consumer price index exhibits a negative correlation with egg production in both time frames (Akpan and Nkanta, 2022). Examining developed countries, it is evident that they focus on demand-driven research rather than studying input-output relationships.…”

Section: Discussionmentioning

confidence: 99%

Determinants of Consumer Egg Prices in Turkiye Using K-Nearest Neighbors Regression Analysis

Cevrimli,

Mat,

Polat

et al. 2024

THE JAPS

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Examining the factors impacting egg consumer prices in Turkiye holds significant importance. This research contributes to a deeper understanding of how specific variables influence market prices and illuminates cause-and-effect relationships in price fluctuations. The study analyzed 131 datasets from Turkiye, covering the period from January 2010 to November 2020, including various factors. The primary aim was to predict the relationships and impacts on egg consumer prices by considering variables such as laying hens feed price, the exchange rate of the US dollar, producer price indices, agricultural producer price indices, feed prices for broilers, corn, barley, and soybeans, utilizing K-nearest neighbors (KNN) regression analysis. Within the model, the consumer price of eggs showed the weakest correlation with the corn variable (r = 0.832). In contrast, the consumer price of eggs displayed the highest correlation with the US dollar exchange rate and soybean variables (r = 0.892). Therefore, it is evident that egg consumer prices are significantly influenced by the costs of raw materials for feed and currency exchange rates. Unlike other studies, this study found that the price of broiler feed also affects consumer egg prices. Thus, it is imperative for Turkiye to implement policies promoting the local supply of imported inputs essential for egg production and adopt measures to manage and mitigate exchange rate fluctuations and production expenses.

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Section: Discussionmentioning

confidence: 99%

Determinants of Consumer Egg Prices in Turkiye Using K-Nearest Neighbors Regression Analysis

Cevrimli,

Mat,

Polat

et al. 2024

THE JAPS

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“…Additionally, Lumen (2020) established that the degree to which institutional financial support is perceived to be a problem (especially for agripreneurs) could significantly affect their intention to venture into agripreneurship. Akpan (2010) also noted that factors affecting rural Nigerian youth involvement in agriculture include inadequate availability of credit facilities, lack of agricultural insurance, initial capital, and production inputs.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Financial Support Akpan, 2010;Lumen, 2020 Markets for Agric Products Kanan, 2012;Shiwa, 2014;Abera et al, 2020;Jeil, et al, 2020;Jha, et al 2020 Infrastructural Deficiency Kumar, 2019, Muhammad-Lawal, et al, 2009 Agriculture Intervention and Entrepreneurship Programs Umeh et al, 2020;Adeyanju et al, 2021;Adesina & Favour, 2016. Family Income Background Umeh et al, 2020;Nnadi and Akwiwu, 2008.…”

Section: Institutionalmentioning

confidence: 99%

Exploring the Dynamics of Agripreneurship Perception and Intention among the Nigerian Youth

Ikebuaku

Dinbabo

2023

Int. J. Manage. Entrep. Soc. Sci. Hum.

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With more than half of young Nigerians either unemployed or underemployed, the problem of youth unemployment poses a serious threat to the social, political, and economic development of the country. Thus, there has been a concerted effort by the government and other stakeholders to address this perennial challenge. Owing to its enormous growth opportunities, agriculture is considered a strategic sector for addressing Nigeria's problem of youth unemployment. However, the lack of youth participation has hampered the growth of the sector. This study investigated the dynamics of agripreneurship perception and intention in order to provide insight to policymakers on how best to develop the agricultural sector and tackle youth unemployment through the engagement of young people in the sector. It also explored agricultural entrepreneurship as a valuable function for young people in Nigeria. A sample of 1,013 recent young graduates took part in this study, which engaged both quantitative and qualitative methodologies. The quantitative analysis was conducted using linear regression and multinomial response models. Additionally, Sen’s capability approach was used as the work’s theoretical framework. The results established that Nigerian youths display a positive perception and intention towards agripreneurship engagement. It also found that participation in entrepreneurship programs, course of study, family income, perceived availability of markets, and infrastructural facilities are determinants of youth’s agripreneurship perception and intention. On the other hand, the study found that the freedom to control one’s time, the expression of one’s passion, and the need to eradicate poverty are reasons young Nigerians value agripreneurship. This study serves as the debut of research endeavours that theoretically evaluate agripreneurship undertakings as valuable functionings using the capability approach. Furthermore, by examining factors that affect agripreneurship perception and intention, the study offers fresh policy insights for youth entrepreneurship and employment creation in the agricultural sector.

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“…Despite the numerous incentives for the country's poultry industry, the majority of Nigerians are experiencing a decline in animal protein intake (Akpan and Udo, 2021;Akpan and Nkanta, 2022;Akpan, 2022). Due to the advantages of poultry farming over other areas of livestock farming, the sub-sector can provide reliable cheap meat sources if resources are utilized appropriately.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Credit Policy Environment on Poultry Production in Nigeria

Akpan,

Essien,

Nkanta

et al. 2024

MAÜ Tarım Doğa Derg

Self Cite

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The research gave empirical data on the correlation between poultry production index and the credit policy environment in Nigeria. An autoregressive distributed lag (ARDL) bound test approach was employed to establish co-integration between series. The estimated long and short-run models parameters demonstrated stability, best quality, efficiency, and unbiased. The findings showed that in the long run, the commercial bank loan to the agricultural sector and domestic credit to the private sector had a significant positive influence on poultry production index while agricultural credit guarantee scheme loan to poultry subunit and lending interest rate exhibited negative relationships. In the short run, the current year coefficient of lending interest rate, the agricultural credit guarantee scheme loan to poultry subunit and domestic credit to the private sector had significant negative correlation with the poultry production index. However, the commercial bank credit to the agricultural sector showed positive effect on poultry production in the short run. The implication of the finding justifies the need to increase the commercial bank credit to the agricultural sector and domestic credit to private sector as a strategy to boost poultry production. Also, the agricultural credit guarantee scheme fund should be reassessed and modify to render it initial objectives. The lending rate should be deliberately lowered to increase credit access by the poultry farmers.

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Trend Analysis and Macroeconomic Variable Determinants of Egg Production in Nigeria

Cited by 4 publications

References 13 publications

Determinants of Consumer Egg Prices in Turkiye Using K-Nearest Neighbors Regression Analysis

Determinants of Consumer Egg Prices in Turkiye Using K-Nearest Neighbors Regression Analysis

Exploring the Dynamics of Agripreneurship Perception and Intention among the Nigerian Youth

The Impact of Credit Policy Environment on Poultry Production in Nigeria

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