Economics
Ben Asuelimen Ijie; Michael Omohimi Iyoriobhe
Abstract
This study examines the influence of the Nigeria Agriculture Promotion Policy (APP) on the economic performance of small-scale palm oil marketers in Edo State. Employing a mixed-methods approach, data were collected from 110 palm oil markers across 11 local government areas (LGAs) in three senatorial ...
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This study examines the influence of the Nigeria Agriculture Promotion Policy (APP) on the economic performance of small-scale palm oil marketers in Edo State. Employing a mixed-methods approach, data were collected from 110 palm oil markers across 11 local government areas (LGAs) in three senatorial districts in Edo State. Quantitative data obtained through questionnaires were analysed using descriptive statistics. Results reveal that the APP effectively enhanced the economic performance of palm oil marketers. Small-scale marketers experienced a significant income increase of 27.7%, rising from N445,072.73 in 2015 to N568,395.45 in 2021. However, the study identified certain limitations of the APP, such as the absence of regular training or skill development programs for marketers and limited access to loan facilities for procuring more efficient palm oil production machinery. These findings hold crucial implications for Nigeria's agricultural policies. The study recommends expanding market linkages at the macro level by promoting micro, small, and medium enterprises that facilitate profitable interactions between input suppliers, producers, processors, marketers, and other stakeholders within the palm oil value chains. Addressing these recommendations can foster the sustainable development of the agricultural sector in Nigeria.
Economics
Rimon Kumar; Saikat Pande
Abstract
Agriculture is one of the most important sectors and driving factors of the economy of Bangladesh, which plays a significant role in the prosperity of large rural communities by increasing productivity, income, and creating employment. Presently, this sector has faced a severe challenge in its production, ...
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Agriculture is one of the most important sectors and driving factors of the economy of Bangladesh, which plays a significant role in the prosperity of large rural communities by increasing productivity, income, and creating employment. Presently, this sector has faced a severe challenge in its production, due to the construction of unplanned infrastructure in rural areas. This study investigates the effect of rural infrastructure on agricultural production in Bangladesh. Using the purposive sampling technique, 50 respondents were interviewed through a structured questionnaire to collect primary data from six unions of Sadar Upazila in the Kushtia district. Statistical methods of multiple regression and paired-sample t-test have been utilized to analyze the collected data. The results of the multiple regression model show that the co-efficient of cultivable and infrastructural land size is statistically significant at 1 percent of level, which depicts cultivable land positively affects agricultural production, whereas infrastructural land negatively affects agricultural production in the study area. This means that infrastructure built on cultivable land has reduced agricultural production. Paired-sample t-test result also shows that the mean difference between agricultural production before and after constructing infrastructure is TK.134847.94 per year. The primary reasons for the construction of infrastructure in the study area are unanticipated population expansion, urbanization, unplanned human settlement, and a rise in nuclear families. Lastly, suitable policies have been offered to develop the infrastructure as well as agricultural production in rural areas.
Olasunkanmi Owolabi-Merus; Bashir Adesoye Bello
Volume 2, Issue 9 , September 2015, , Pages 994-1004
Abstract
This study empirically investigates the agriculture-economic growth nexus in Nigeria. An economic growth model for Nigeria is specified and estimated through the use of Ordinary Least Squares as well as Johansen Cointegration and Vector Error Correction Model on annual data spanning from 1980 to 2012. ...
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This study empirically investigates the agriculture-economic growth nexus in Nigeria. An economic growth model for Nigeria is specified and estimated through the use of Ordinary Least Squares as well as Johansen Cointegration and Vector Error Correction Model on annual data spanning from 1980 to 2012. The empirical result suggests that Agriculture is positively associated with economic growth in Nigeria. Results from this study also indicates that increasing the population of agriculture labour force will impact positively on economic growth. However, Infrastructure and human capital are found to be the key determinants of Nigeria‘s economic growth in the period under review. This study suggests that Nigeria policymakers should develop strategies that are geared towards infrastructure and human capital development in order to maximize the potential of the agricultural sector.