Agriculture Commons^™

Rural Infrastructure And The Challenge Of Food Security In Nigeria, Idris A. Ayinde

Economic and Financial Review

Rural infrastructure, therefore, implies “the basic physical and organisational structures and facilities. In same vein, rural infrastructure are those forms of physical, social, human and institutional capital, which enhances rural dwellers better performance in the aspect of production, processing and distribution activities, as well as improving their overall quality of life.

Transforming The Agricultural Value Chain For Food Security In Nigeria: Any Role For Public-Private Partnership?, Stanislaus A. Ukeje

Economic and Financial Review

In the food sector, public-private-partnership (PPP) has the potential, not only to reduce the risk that farmers face, but also to improve the agricultural business environment. As the agricultural and rural sectors are the habitat of the poor, the best value chain strategy should be one that embodies poverty reduction, which can be achieved by increasing the incomes of smallholder farmers and rural dwellers.

Socio-Economic And Environmental Issues: Implications For Food Security In Nigeria, Isaiah O. Olurinola, Evans Osabuohien

Economic and Financial Review

Socio-economic activities within the agricultural sector have witnessed significant changes in recent times. Two major factors account for this recent development. Available evidence shows that over the last four decades, environmental challenges (such as pollution, extreme weather, fire disaster and deforestation, among others) have been on the increase in Nigeria. This is complicated by a weak institutional framework to stem the tide (Egbetokun et al., 2018; 2020). Also, the information from Nigeria Meteorological Agency (NIMET) shows that the annual mean climatic conditions (that is rainfall and temperature) in Nigeria have witnessed huge variation (NIMET, 2020; Egbetokun et al., 2020), which …

Food Security Strategy In Nigeria: Is There Need For A Shift In Paradigm?, Abubakar D. Akpa

Economic and Financial Review

The paper highlights the problem of food security in Nigeria under a rapidly increasing population and declining crop productivity and sheds light on strategies that can guarantee self-sufficiency, wealth, and employment generation.

The paper concludes that policy thrust must be on production, processing and storage to minimise post-harvest losses and enhance farmers’ incomes, foreign exchange earnings and achieve food security objectives.

Refocusing Agricultural Subsidy For Food Security In Nigeria, Sulaiman A. Yusuf

Economic and Financial Review

Food security has remained a key human right-related issue and ranks second only to poverty on the Sustainable Development Goals (SDGs). The objectives of this paper are to identify the gaps in agriculture subsidy regime; and to identify options for refocusing of the subsidy regime to improve food security.

Following the introduction, section 2 explores the nexus of agricultural subsidy and food security, while section 3 reviews the agricultural subsidy regime in Nigeria. Section 4 discusses the input-output dimensions of agricultural subsidy in Nigeria, and in section 5, the paper takes a dive into the agricultural subsidies from international perspective. …

Analysis Of The Impact Of Central Bank Of Nigeria's Agricultural Intervention Funds On The Economy, E. T. Adamgbe, M. C. Belonwu, E. R. Ochu, I. I. Okafor

Economic and Financial Review

This paper set out to investigate the impact of Central Bank of Nigeria's interventions on the agricultural sector within an economy-wide framework of general equilibrium modelling. The paper adopted a dynamic (recursive), two-sector general equilibrium model of the Nigerian economy with some modifications on the standard model developed by the Centre for Econometric and Applied Research (CEAR) and incorporated the contributions of the CBN's agricultural based interventions as increases in the stock of agricultural capital to have a more robust size of interventions into the agricultural sector. The SAM used for the CGE model analysis was derived from the updated …

Dealing With Risks And Uncertainties In Agriculture: Implications For Central Bank Of Nigeria Interventions, Polycarp, Ishaku Mikloda, Jirgi Abigail John

Bullion

The paper discusses key areas in dealing with risks in agriculture which involves much more than dealing with risky events after they occur but through a coordinated risk management processes like establishing the context, risk identification, risk analysis and other quantitative analytical tools. The key institutional risk sharing systems like credit guarantee and insurance schemes were presented with their merits and demerits.

The Contribution Of Finance To Agricultural Production In Nigeria, O. M. Mbutor, R. E. Ochu, I. I. Okafor

Economic and Financial Review

Several studies have found a positive correlation between agricultural financing and the performance of the agricultural sector. But fewer efforts have been directed at sieving out the agricultural output that is exclusively associated with the extent of funding. This study aimed to ascertain the actual portion of total agricultural output that could be attributed to agricultural financing in Nigeria. The vector error correction methodology was applied following the nature of data properties. The results showed a positive effect of finance on agricultural output. However, variance decomposition revealed the poor state of agricultural financing with a disproportionate dependence of the sector …

Five Decades Of Agricultural Policies In Nigeria: What Roles Has Statistics Played?, Akinboyo O. I

Bullion

All over the country and internationally, the publications of the Central Bank of Nigeria (CBN) such as the Annual Report and Statement of Accounts, the Statistical Bulletin, Economic and Financial Review, the Bullion and Nigeria: Major Economic and Banking Indicators and those of the National Bureau of Statistics (NBS) have become a veritable source of data and reference materials on Nigeria. Without basic i n f o r m a t i o n o n e c o n o m i c developments, it would be very difficult for policy makers to assess economic performances. The f o …

Women Involvement In Food Crop Production, Processing And Marketing In Nigeria, Abiola O., Omoabugan O. B.

Bullion

The paper examines the extent of involvement of women in food crop production, processing and marketing in a typical African locality. Appropriate statistical techniques were employed in the data analyses. The findings show that women are greatly involved in the production, processing and marketing of food crops, especially cassava, which is one of the staple foods in sub-Saharan Africa.

General Agreement On Tariffs And Trade (Gaff) And The World Trade Organisation (Wto): The Major Provisions And The Implication For Nigeria, O. A. Ogunlana

CBN Occasional Papers

This paper shall review the major provisions of the GATT with respect to the Multilateral Agreements on Trade in Goods only and the likely implications for Nigeria. The review of the General Agreement on Trade in Services and the Agreement on Trade - Related Aspects of Intellectual Property Rights shall be covered in another exercise. The rest of the paper is, therefore, organised into five parts. Part I discusses the GATT’s basic principles and the major agreements of the latest multilateral trade negotiations otherwise known as the Uruguay Round. The World Trade Organization, its major functions, structure and the decision-making …

Federal Government Policies In Respect Of Agricultural Finance, Godwill Ukpong, Usman Malgwi

Bullion

The objective of this paper is to identify some of the major policies pursued by government to increase agricultural output, with particular reference to agricultural finance and assess their effectiveness in terms of expectations and set targets. For ease of presentation, the paper is divided into three parts. Part 1 reviews past and current government policies on agricultural financing. Part 11 examines some specific measures taken and assesses their degree of effectiveness. Part 111 provides a Summary and Concluding remarks.