TRENDS, INSTABILITY, AND DECOMPOSITION ANALYSIS OF CASHEW NUTS PRODUCTION IN NIGERIA (1981-2021)
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Date
2024-06
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Bayero University, Kano Centre for Entrepreneurship Research and Training
Abstract
Nigeria is the largest producer of cashew nuts in Africa and consistently ranking within the five global producers. Despite the abundant opportunities, its productivity has remained far below its potential. Therefore, this paper analyzed the trend, instability, and decomposition of cashew nuts production in Nigeria for three periods namely Period I (1981-2021), Period II (1981–2001), and Period III (2002–2021). In Period I, harvested area, yield and production exhibited both quadratic and cyclical trend effects with an increasing trend. While both Periods II and III, exhibits a linear trend, harvested area, yield and production at an increasing rate for Period II and decreasing rate for Period III. Harvested area for the three periods was relatively stable, there was instability in the fluctuations of yield and production for the whole periods. The decomposition analysis revealed an increase in production which was largely due to expansion of harvested area for the three periods, while the interaction between area and yield effect declined production output by 0.348%,0.26% and 0.21%. The study also found that production output has the highest instability index 67.76). To further stabilize cashew production in Nigeria, there is need for efficient resources allocation, coupled with flexible production
systems.
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Mahmud, H.U, Adebayo, C.O and Elrasheed, M.M (2024). TRENDS, INSTABILITY, AND DECOMPOSITION ANALYSIS OF CASHEW NUTS PRODUCTION IN NIGERIA (1981-2021). Bayero Journal of African Entrepreneurship Studies 6 (1), 286-294