livelihood and the rural economy is still basically agricultural. The role of the agricultural sector in the overall response of the Nigerian economy to reform and adjustment policies is important because, given its relatively large size, a large positive response to adjustment
The Nigerian economy Response of agriculture to adjustment policies By Mike Kwanashie, Isaac Ajilima and Abdul-Ganiyu Garba Department of Economics Ahmadu Bello University Zaria, Nigeria AERC Researc Papeh 7r8 African Economi Researcc Consortiumh Nairob, i March 1998
Mar 01, 1998 The results also show that the responses of food crops are sensitive to Nigerias agro-climate and the traditional cropping patterns of Nigerian farmers, who are mainly smallholders. Moreover, individual crops and sub-sectoral aggregates do not respond significantly to capital expenditure on agriculture (CEA), possibly because of action lags, weak choice of agricultural infrastructures and corruption.
BibTeX INPROCEEDINGSKwanashie98thenigerian, author Mike Kwanashie and Isaac Ajilima and Abdul-ganiyu Garba, title The Nigerian economy Response of agriculture to adjustment policies, booktitle AERC Research Paper 78 . Nairobi. African Economic Research Consortium, year 1998
This study estimated price and non-price supply response coefficients for nine individual corps, sub-sectoral aggregates and commodity exports using the two-stage squares (TSLS) and seemingly unrelated regression method (SURM) as tools for evaluating the effects of sub-sector aggregates on Nigerian agriculture.
We are not allowed to display external PDFs yet. You will be redirected to the full text document in the repository in a few seconds, if not click here.click here.
seeks primarily to evaluate the response of the Nigerian economy to adjustment or reform policies. The study is in severa stagesl Th. e study b y Kwanashi ete al. (1991 wa) s the output of the first phase. It focused on agricultural supply response because of the critical role agriculture
Jul 12, 2021 Nigeria has enjoyed relatively strong economic growth over the past seven years but poverty is still a major concern. Exports and government revenues are driven largely by oil, while most Nigerians work in agriculture. Economic growth is constrained by inadequate infrastructure, electricity, incentives, and policies that promote private sector development, and poor access to quality education.
on Nigeria and Indonesia and compares their policies. Section III discusses post-oil boom adjustment issues for Nigeria. I. RESPONSE TO THE OIL BOOM PUBLIC EXPENDITURE, REAL EXCHANGE RATES, AND MACROECONOMIC POLICY Faced with higher immediate and anticipated income after 1973, the Nigerian
affected by expected price of output, agriculture wage rate and by the partial adjustment coefcient. The short-run response elasticity is 0.077. The implied long-run response elasticity is 1.578. The partial adjustment measure is 0.049. This, points to the difculty of supply response
Jun 12, 2020 Nigeria. Reducing COVID-19 Impact on Agriculture Nigerian farmers to receive improved seeds Format News and Press Release Source. CGIAR Posted 12 Jun 2020
Source Mogues et al (2008). 21 In a similar vein, the report of Nigeria House Committee on Agriculture (2005) shows that currently, the agriculture share of Nigeria capital budget of about 1.5% falls short of the target set by the National Economic Empowerment and Development Strategy (NEEDS). Such a funding pattern clearly does not befit the sector that is acknowledged to be a prime driver ...
agriculture as the commanding product of the Nigerias economy. Hence agricultural revenue falls from 75 percent in 1970 to 55 percent in 1971 and further to 45 percent in 1974. By 1980, it was less than 20 percent, and in 1980 it contributed only about 7.5 percent. These data support Nigerias over- reliance on
Before the discovery of crude oil, agriculture was the mainstay of the Nigerian economy. Even today, the agricultural sector provides employment for about 70% of the nations population 8. The country has good agricultural land covering a wide range of agro-ecological zones thereby, allowing for diverse crop and
Mar 22, 2021 Since the 1980s, Nigeria has sought to diversify its economy away from dependence on oil as a major source of government revenue through agricultural commercialisation. Agriculture has been chosen as a priority sector because of its very high growth potential, and opportunities to provide widespread employment and create export revenue for the ...
Agricultural production was also affected. Being maize the major and most commercialized food crop in the country, its dependence on factors such as distance to markets and credit is higher than for other crops. As a study by the African Economic Research Consortium shows, maize has a negative response to distance from the market (Simatele, 2006).
Sep 21, 2016 Nigeria has so far missed the opportunity to embark on progressive economic transformation as characterised by a reallocation of economic activities away from low- towards high-productivity activities. Rather, under the rubrics of laissez-faire policy and its associated aversion to development planning, during the high-growth era of 200014 Nigeria experienced a perverse form of economic ...
IMPACT OF THE STRUCTURAL ADJUSTMENT PROGRAMME (SAP) ON NIGERIAS ECONOMY, S.A Obansa, Department of Economics, University of Abuja, Nigeria INTRODUCTION With her vast mineral endowment, particularly petroleum resources at independence in 1960, many people believed Nigeria would attain a rapid economic development, and national transformation within the shortest possible time.
Another important factor is the mono-economic base of the country. The country largely depends on crude oil for her survival to the detriment of other resources. All other sectors of the economy are neglected. For instance, agriculture, which constitutes the mainstay of the Nigerian economy in the 1950s and 1960s, has been
induced by the Structural Adjustment Programme (SAP), the subject of exchange rate fluctuations has become a topical issue in Nigeria. This is because it is the goal of every economy to have a stable rate of exchange with its trading partners. In Nigeria, this goal was not realized in
Figure 1.3. The collapse in oil prices is weighing on Nigerias economic growth prospects 8 Figure 1.4. as Nigerias growth, exports, and government revenues are closely correlated with oil prices. 8 Figure 1.5. The COVID-19 pandemic will affect the Nigerian economy through numerous channels. 9 Figure 1.6.
ECONOMIC DEVELOPMENT IN NIGERIA THROUGH THE AGRICULTURAL, MANUFACTURING AND MINING SECTORS AN ECONOMETRIC APPROACH ... the findings show a positive impact of the structural adjustment programme with the agricultural and manufacturing production. Dynamic simulation of results was ... 2.3 Overview of the Nigerian economy ...
Mike Kwanashie Abdul-Ganiyu Garba Isaac Ajilima, 1997. Policy modelling in agriculture Testing the response of agriculture to adjustment policies in Nigeria, Working Papers 57, African Economic Research Consortium, Research Department. Handle RePEcaerwpaper57
Nigeria has adopted a program of structural adjustment economic reforms since 1986 in an effort to retrace steps toward economic stability. This article sees the present Nigerian economic recovery ...
Manufacturers Association of Nigeria and the Kano Chamber of Commerce, Industry, Mines and Agriculture closely monitor trends in the economy, comment on various aspects of the reform programme, and often lobby the state and federal governments to tailor the adjustment programme to the needs of industry.
Over the past three decades, Nigerian government had initiated a plethora of policies and programmes which were aimed at restoring agricultural sector to its pride of place in the economy. However various efforts at promoting investment and export diversification in the agricultural sector have not yielded appreciable dividend. Enormous investment and export diversification potentials for ...
Aug 22, 2017 Nigerias economy returned to the right track, agriculture flourished once again, and the country became less dependent on imported goods. In the years that SAP had been active, GDP rose to the 5% mark. Agriculture and related industries, as well as textile industry particularly benefited from the new policies.
This paper assesses the response of the Nigerian economy to Economic Growth and Recovery Plan (ERGP) 2017 2020 using quarterly data spanning from 2017Q1 2019Q4. The paper uses content ...
Oct 28, 2020 Government and institution measures in response to COVID-19. The Central Bank of Nigeria has set out a number of measures to tackle the impact of the coronavirus, including establishing a fund to support the countrys economy (of 50 billion naira i.e. EUR 121 million), targeted at households and micro and small enterprises.
Mobilising Domestic Resources for Economic Development in Nigeria The Role of the Capital Market, by Fidelis 0. Ogwumike and Davidson A. Omole, Research Paper 56. Policy Modelling in Agriculture Testing the Response of Agriculture to Adjustment Policies in Nigeria, by Mike Kwanashie, Abdul-Ganiyu Garba and Isaac Ajilima, Research Paper 57.
title/topic the impact of agricultural output on the nigerian economy VIEW MORE AGRICULTURAL ECONOMICS FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS ENTRIES This complete research project/material with research questionnaire, thorough data analysis and references can be gotten at a pocket friendly price of 3,000.
Each phase in the development of Nigerias cities and economy has its own dynamics in informal sector development. A large number of Nigerian cities pre-date British colonial rule as centers of traditional political and religious authority (Zaria, Benin, Sokoto, Arochukwu, Ile
Policy modelling in agriculture testing the response of agriculture to adjustment policies in Nigeria . ... STRUCTURAL ADJUSTMENT, NIGERIA, ECONOMETRIC MODELS . Publisher African Economic Research Consortium, Nairobi, KE ...
agricultural sector over time has increased and remained relatively high. This therefore informs the need for renewed economic reform efforts and policy programmes to transform the Nigerian economy from agrarian to an industrialised entity. The role of investment and trade policy reforms is germane towards this course.
pyramids returning in the North and the FAO in 2003 declaring that Nigerian agriculture grew by an unprecedented 7 percent. Industrial capacity utilization has more than doubled (from about