BOOSTING NON-OIL EXPORT REVENUE IN NIGERIA THROUGH NON-TRADITIONAL AGRICULTURAL EXPORT COMMODITIES: HOW FEASIBLE?
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Agriculture Exportable Updated January 2020
Abstract
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Available data indicated that, some traditional agricultural export commodities like cocoa and
rubber have remained on Nigeria’s agricultural export list, while others like groundnut and
coffee have almost disappeared from the export list. In the same vein, non-traditional
agricultural export commodities like sesame seed and cashew nuts have started featuring
prominently on the export list. In line with theory, the econometric analysis carried out
confirmed that a major policy change, which can provide a boost for agricultural exports, is
the depreciation of the real exchange rate. For all the agricultural export commodities
analyzed in the study, the coefficient of the exchange rate was positive and highly significant.
Keywords
HF Commerce, HG Finance