DETERMINANTS OF AGRICULTURAL OUTPUT IN NIGERIA
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Date
2023-12
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Al-Hikmah Journal of Arts & Social Sciences Education
Abstract
Agriculture is seen as an important source of food for man and raw materials for agro-based industries. So as to
provide bases for policies aimed at promoting agriculture, various empirical studies have been conducted with a
view to identifying the determinants of agricultural production and output of the agricultural sector in Nigeria.
But such studies still leave some gaps to be filled, including failure to test the the influence of government
expenditure spent on agriculture (GEA) on the effect of agricultural capital stock on agricultural output. Data
from the World Development Indicators, Food and Agriculture Organization and International Labour
Organization were used for the estimation. The study aims to fill these gaps by adopting Cobb-Douglas
production function, and we estimated two categories of equations. The study employed fully modified least
squares (FMOLS) in estimating the agricultural output equations. The study found that government expenditure
on agriculture (GEA), fertilizer consumption, financial development and trade openness has positive effect on
agricultural output in Nigeria. Based on these findings, therefore, policy makers should target policies on
inducing GEA, financial development and trade openness in order to achieve increase in agricultural output.
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Citation
Yusuf, Y. T. (2023). Determinants of agricultural output in Nigeria. Al-Hikmanh Journal of Arts & Social Sciences Education, 5(2), 195-203.