Download or read book Macroeconomic Policy and the Effects on Agricultural Output in Nigeria written by Obasi Oji Ukoha and published by Winrock International Institute for Agricultural Development. This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bias Against Agriculture written by Romeo M. Bautista and published by . This book was released on 1993 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Food Policy Research Institute gathered experts in agricultural and economic growth from both government and academia to produce this study. Drawing on economic theory and empirical evidence, the contributors discuss the relative merits of alternative economic policies in a variety of countries, including Peru, Nigeria, Pakistan, and the Philippines. Annotation c. by Book News, Inc., Portland, Or.
Download or read book The Effects of Trade and Exchange Rate Policies on Agriculture in Nigeria written by T. Ademola Oyejide and published by Intl Food Policy Res Inst. This book was released on 1986 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the effects of Nigeria's trade and exchange rate policies on agricultural incentives especially during the 1970s, the period of the oil boom. Attempts to determine the degree of protection granted to agriculture compared with other sectors, and assesses how these policies affected the allocation of resources both within agriculture and among the other sectors.
Download or read book The Effect of Agricultural Productivity on Economic Growth in Nigeria written by Comfort Amire and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The crucial role agricultural productivity plays in the overall development of a nation cannot be overemphasized. It is not only seen as a key to poverty reduction and vehicle for promoting equity, fairness and social justice but also helps to supply the essential economic ingredients which are necessary condition for sustained economic growth. Thus, enhancing effective investment on the agricultural sector in order to boost its capacity has been a tenet of growth and development strategies of most developed countries. The basic objective of this work is to carry out an empirical investigation on the effect of agricultural productivity on economic growth in Nigeria, using annual time series data from 2000 to 2014. The paper employs the Ordinary Least Square (OLS) method. Empirical results indicate that there is, indeed a long-run relationship between agricultural productivity and economic growth. All the variables including, the GDP contribution of the agricultural sector, gross expenditure on agriculture and gross access to bank (agricultural) loans/credit had the expected positive signs in the Nigerian economy and were also tested in relation to economic growth by using the Pearson correlation co-efficient. The findings have a strong implication on agricultural policy in Nigeria. The study suggest that a concerted effort should be made by policy makers to concentrate on the productivity of the agricultural sector in order to boost its production capacity, which would enhance productivity of output and in turn stimulates economic growth.
Download or read book The Nigerian Rice Economy written by Kwabena Gyimah-Brempong and published by University of Pennsylvania Press. This book was released on 2016-08-10 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Nigerian Rice Economy the authors assess three options for reducing this dependency - tariffs and other trade policies; increasing domestic rice production; and improving post-harvest rice processing and marketing - and identify improved production and post-harvest activities as the most promising. These options however, will require substantially increased public investments in a variety of areas, including research and development, basic infrastructure (for example, irrigation, feeder roads, and electricity), and rice milling technologies.
Download or read book The Effects of Trade and Exchange Rate Policies on Production Incentives in Agriculture written by Dimitris Diakosavvas and published by Food & Agriculture Org.. This book was released on 1990 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Policy Issues in an Open Developing Economy written by Akin Iwayemi and published by . This book was released on 1995 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Total Government Spending On Agriculture and Its Output Growth in Nigeria written by Austin N. Nosike and published by . This book was released on 2020 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examined the relationship between government spending on agriculture and its output over the period 1970-2015 using Engle-Granger (1987) two step modeling (EGM) procedure involving: co-integration analysis and error correction of parameter estimates. Additionally, Granger causality test was carried out to determine the direction of causation between government spending on agriculture and agriculture sectors output. Based on the data analysis, it was discovered that Total government spending on agriculture (TGSA) has significant effect on agriculture output (AGDP) in the long and short-run.; this relationship is statistically significant in the long run and in the short run. Spending on agriculture sector has the capacity to increase its output by 10.7% if the allocation increases by 1% in the long run while in the short run, one percent increase in government expenditure on agriculture will bring about 10% increase in agriculture output. The study concludes that public expenditure is very crucial instruments for economic growth at the disposal of policy makers in Nigeria and government expenditure on agriculture is basically related to agricultural development and recommends that efforts should be made to increase government funding on agricultural sector and also compliment it with stable macroeconomic policies in order to curtail the level of food shortage and over-dependence on foreign food and as well increase funding on anti-graft or anti-corruption agencies like the Economic and Financial Crime Commission (EFCC), and the Independent Corrupt Practices Commission (ICPC) in order to arrest and penalize those who divert and embezzle public funds.
Download or read book Macroeconomic Policy Analysis written by Milton A. Iyoha and published by National Centre for Economic Management. This book was released on 1996 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Policy and Economic Growth in Nigeria 1962 1968 written by Jerome C. Wells and published by Ibadan : Published for the Nigerian Institute of Social and Economic Research [by] Oxford University Press. This book was released on 1974 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agriculture and Economic Development in Nigeria written by Adekunle Folayan and published by . This book was released on 1983 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measuring Food Security Using Household Expenditure Surveys written by Lisa C. Smith and published by Intl Food Policy Res Inst. This book was released on 2007-01-01 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact Of Climate Change On Nigeria s Agricultural Output An Overview written by Ugboja Onuche Gideon and published by . This book was released on 2021-01-06 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2020 in the subject Geography / Earth Science - Meteorology, Aeronomy, Climatology, grade: 1, Kogi State Polytechnic, course: Economics, language: English, abstract: This study investigates the impact of climate change on agricultural output in Nigeria economy within the period of 1986 to 2017. The study employed Autoregressive Distributed Lag Model (ARDL). The study examined the impact of climate change on Nigeria's agricultural output. Investigated the existence of longrun relationship between climate change and agricultural outputs in Nigeria, examined the direction of causation between climate change and economic growth in Nigeria. From the findings it was discovered that one year lag value of carbon emission is highly significant, and it is positively related to agricultural output in the short run and long run. It was also discovered that one year lag of rainfall is negatively related to agricultural output and it is insignificant. Furthermore, it was also revealed that one year lag of temperature is positively related to agricultural output, meaning there is a positive relationship between agricultural output and temperature in Nigeria. The study therefore recommended that it is necessary for the government and other relevant authorities to constantly provide information on rainfall distribution ahead of time to help the farmers plan. And also recommended that government should ensure appropriate temperature information most especially there is need that various agricultural output needs to put into consideration.
Download or read book Economic Development in Nigeria Through the Agricultural Manufacturing and Mining Sectors written by Dennis Chiekweiro Uzoigwe and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1960s, Nigeria was on a par, in terms of aspirations to attain a very high level of economic growth and development, with its fellow-oil producing and exporting countries such as Malaysia and Indonesia, but has since failed to keep pace with them. Nigeria's agricultural, manufacturing and mining and quarrying sectors have played a continuous and significant role in the development of the country's economy. The approval of the millennium development goals (MGDs) by the United Nations General Assembly therefore raises three pivotal questions for Nigeria. 1) Why is Nigeria still an underdeveloped and lowincome country? 2) What should the country do to make rapid economic and social progress? and 3) How can it attain a high level of economic development and growth?. This is the background of this study, which is an empirical investigation into the factors affecting Nigeria's bid to achieve sustainable economic growth and development with particular reference to such sectors as agriculture, manufacturing and mining and quarrying (solid minerals) over the period of 1970-2005. This involves the analysis of the relevance of the health care and education sectors and examination of impediments to past economic development, a development model applicable to Nigeria, the efforts made and the challenges facing the country in achieving the MDGs, and the role of foreign development partners in complementing Nigeria's development efforts. The methodology adopted for this study is sectoral-econometric modelling, using the Engle- Yoo (1991) model, which contributes to bridging the gap seen in empirical studies in the application of a multivariate dynamic econometric cointegration model on the effect of domestic and foreign financial resources investment for the development of the growth sectors in the Nigerian economy. The model captures the essential linkages between the growth sectors and the country's efforts to achieve a high level of economic development. The results from the simulations are broadly consistent with findings described in theoretical and empirical literature. There is a strong positive relationship between the gross output of the agricultural, manufacturing and mining and quarrying sectors and labour input and public capital expenditure for the growth sectors. Also there is a strong positive relationship between the agricultural credit guarantee scheme, fertiliser and the gross output of agriculture. Furthermore, the findings show a positive impact of the structural adjustment programme with the agricultural and manufacturing production. Dynamic simulation of results was undertaken to assess the path of the 10 percent dynamic adjustment (shocks) on the relevant exogenous variables and the response properties show remarkable and positive significant impact due to the shocks. The estimated actual and forecast values of the equations in the model show notable increase in the amount and growth of the gross domestic product of the real sectors in Naira billion from 2005 to 2008. The study calls to question rigid government control over the mining and quarrying sector. The importance of mining and quarrying in accelerating the pace of economic growth in Nigeria should rather motivate the government to deregulate and reform the sector. This will enable the government to attract investors into the sector, while effectively planning to encourage the proliferation of small-scale artisan, medium-scale and large-scale miners. The deregulation of the mining and quarrying sector will boost production, growth and development through employment creation, increased income of household miners and upliftment of the social and economic status of the vast majority of Nigerians. Some of the reasons identified for Nigeria's poor economic performance include: the serious effect of Dutch disease, reflected in the country's inability to manage and diversify its oil wealth to transform and achieve dynamic industrial (manufacturing), agricultural, mining, health and educational and other growth sectors. Nigeria also suffers the effects of a troubled political history, during which military rule persisted for extended periods. This study shows the importance of improving the knowledge base for policymaking, where intersectoral linkages between economic and social factors can be identified, and direct and indirect macroeconomic policy effects discerned. This distinguishes the study from earlier work in Nigeria on development policy. Achieving a high level of economic development through transforming the country's real sectors will not only reduce poverty by providing food security, increased agricultural and industrial exports, increased per capita income and consumption, but will also bring about improved literacy and a healthy workforce and foster peace and security in Nigeria. In addition, success in transforming the real sectors will strengthen and broaden the productive base of the country, which currently relies heavily on the petroleum sector as the major earner of foreign exchange. In order to achieve a high level of economic development and growth, attention should be concentrated on channelling global financial resources to the above-mentioned sectors because of their strong linkages with and powerful value-added effect to the rest of the economy. Under the new democratic dispensation, there ought to be large investment into the growth and support sectors from domestic and external sources if the country is to attain the international growth target of achieving a high and sustainable level of economic development. Therefore, with a strong will to become a patriotic civil society, stable and prosperous, and enough wisdom to elect leaders with good will and fairly good knowledge of the country's economy, great prospects lie before the Nigerian economy.
Download or read book The effects of COVID 19 policies on livelihoods and food security of smallholder farm households in Nigeria Descriptive results from a phone survey written by Balana, Bedru B. and published by Intl Food Policy Res Inst. This book was released on 2020-12-08 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government’s policy measures such as travel restrictions, lockdowns, and restrictions on economic and social activities, aimed at curbing the spread of COVID-19, had affected the livelihoods and food security of smallholders in Nigeria. Using data collected from sample households from four Nigerian states, this study investigated the effects of COVID-19 pandemic policies on the incomes, employment, and food security situation of smallholder farming households. Results show that 88 percent of the households reported that they lost about 50 percent of their income due to the pandemic. As a result, about 66 percent of respondents reported they reduced food consumption. Travel and movement restrictions caused disruptions in agricultural activities and supply chains, as 29 percent of respondents reported planting fewer crops, 24 percent reduced cropping area, and 24 percent reduced fertilizer application. In terms of household’s food security, results show that COVID-19 significantly worsened the food security situation of many households in Nigeria, especially poorer households. More than 80 percent of respondents worried about not having enough food and 77 percent ate less food than they thought they should. Survey households also reported a significant reduction of consumption of proteins (eggs, meat, and dairy products) and fruits since the pandemic struck. Increases in food prices are felt by most households (85 percent). We suggest three key policy priorities: support vulnerable households to mitigate the impacts of income loss through cash transfer or improved credit access; interventions to improve agricultural inputs supply chains to ease the pandemic’s impact on agricultural production; and support food insecure households through direct food distribution.
Download or read book Macroeconomic Policy Reforms and Productivity Growth in African Agriculture written by Andrew Ojede and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article employs a two-stage procedure to investigate the impact of macroeconomic policy reforms on the agricultural productivity growth of 33 African countries from 1981 to 2001. In the first stage, we measure agricultural productivity using a nonparametric Malmquist productivity index. In the second stage, we build a generalized method of moments (GMM) model with a measure of structural adjustment program (SAP) intensity as a key instrument for macroeconomic policy reforms. We also control for the effects of globalization, civil violence, level of development of physical and financial infrastructure, and other economic variables as well as natural resource factors that directly affect agricultural productivity. Our results indicate a strong positive correlation between the extent of SAP intensity and agricultural productivity, suggesting that the macroeconomic policy reforms improved agricultural productivity growth in the sample countries.
Download or read book Federal government support for agriculture in Nigeria Analysis with a public expenditure lens written by Nwoko, Chinedum and published by Intl Food Policy Res Inst. This book was released on 2018-10-17 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a broad view of public sector support to agriculture in Nigeria, through the lens of the allocation of public expenditures by the federal government in support of the sector. We consider the adequacy and stability of agricultural public spending during the period of 2007 to 2016, drawing on data from the Ministry of Finance, the Office of the Accountant General of the Federation, and other sources.
