College of Management and Social Sciences

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Subject: search.filters.subject.Agriculture

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    Agricultural Revamping via Major Capital Outlay the Antidote to Food Insecurity Challenges in Nigeria
    (Academy of Entrepreneurship Journal, 2020) Omodero, Cordelia Onyinyechi; Adetula, Dorcas; Iyoha, Francis Odianonsen
    Food insecurity in Nigeria has necessitated this study which emphasizes agricultural revamping as the antidote to the prevailing circumstance of food crisis in the country. This study draws the attention of the present administration to the urgent need for significant capital investment in agriculture as a means to proffer a permanent solution to food insecurity in Nigeria. This study employs literature review approach and discovers that the factors impeding food safety in Nigeria include farmers' lack of access to the credit facility, insufficient farmlands, security threat on farmers and farmers’ lack of education. However, relevant econometric techniques and statistical tools are specifically applied to examine the impact of government expenditure and agricultural output on food safety using a secondary source of data spanning from 2008 -2019. From the findings of this study, agricultural output has a considerable influence on food safety, but government expenditure on agriculture is yet to gain momentum in affecting adequate food production in the country. Thus, this study concludes that there is an urgent need for the government to invest significantly in agriculture which serves as an antidote to food security challenges in Nigeria.
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    PUBLIC SECTOR EXPENDITURE AND AGRICULTURAL PRODUCTIVITY IN NIGERIA
    (Covenant University Ota, 2025-03) DUL, SOLOMON FANKUN; Covenant University, Thesis
    The agricultural sector has been known to be the backbone of the Nigerian economy ever since the discovery of crude oil in commercial quantity. The sector’s contribution to Gross Domestic Product is 24 percent, 70 percent to total employment and 12 percent from foreign exchange earnings. The Federal Government of Nigeria changes the direction of its expenditure from agriculture to crude oil over time, relegating agriculture to the background. As a result of the challenge of the neglect of agriculture, the researcher must investigate public sector expenditure on agriculture and its effect on agricultural productivity in Nigeria. The study adopts Augmented Dickey-Fuller (ADF) and autoregressive distributed lag (ARDL) for the test estimation for short-run and long-run relationships between the dependent and independent variables, using time series data obtained from the Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS), Federal Ministry of Agriculture and Rural Development (FMARD) and United Nations Conference on Trade and Development (UNCTAD). The findings of the study reveal that ACEXD has a positive and significant co-efficient impact of 0.003966 on AGPO in Nigeria for the long-run relationship. AREXD has a negative and significant co-efficient impact of 0.003805 on AGPO in Nigeria for the long-run relationship. The result of ATEXD shows a positive and significant co-efficient impact of 0.948588 on AGPO. AVAPW has a negative but insignificant co-efficient impact of 0.002075 on AGPO. INTR has a positive but insignificant co-efficient impact of 0.002546 on AGPO. EXVAL has a negative and significant co-efficient impact of 0.008628 on AGPO. CRAGR to DMBs has a positive but insignificant co-efficient impact of 0.001758 on AGPO. EFFRA of public sector expenditure has a positive and significant co-efficient impact of 0.959348 on AGPO in Nigeria. The study, therefore, recommends that the government and other stakeholders in agriculture invest more in technology and innovation in agriculture and increase budget allocation to agriculture in line with the stipulation of the Comprehensive African Agricultural Development Programme (CAADP) and Food and Agricultural Organization (FAO), Government to have engagement with agricultural stakeholders, government to review agricultural policies and programmes, and government to invest in human capital in agriculture.