THE ROLE OF AGRICULTURE IN POVERTY REDUCTION IN NIGERIA: AN EMPIRICAL PERSPECTIVE

2019 ◽  
Vol 9 (1) ◽  
pp. 253-264
Author(s):  
Olayemi Henry Omotayo ◽  
Aderemi Timothy Ayomitunde ◽  
Ojelade Lydia Omolola ◽  
Adebayo Abiola Georgina
Keyword(s):  
Poverty Reduction ◽  
Inflation Rate ◽  
Agricultural Sector ◽  
Negative Relationship ◽  
Poverty Level ◽  
Agricultural Output ◽  
Long Run ◽  
Empirical Perspective ◽  
The Government

Abstract In Nigeria, several advocacies have been raised in different fora over time that agriculture is capable of reducing poverty in the country. An attempt to empirically validate the above argument has generated a policy mix in the literature. Therefore, further empirical investigation about this subject matter becomes imperative. Consequently, the study utilized the DOLS and Granger Causality Approach to address the objective of this study. However, the principal findings that emerged in this study are as follows: in the long run, there is a significant positive relationship between the employment in agriculture and poverty level, inflation rate and poverty level have a negative relationship with each other. Meanwhile, agricultural output causes a significant reduction in the poverty level. Also, one-way feedback relationship runs from agricultural output to the poverty level in the country. Based on the findings that originated in this study, this paper makes the following recommendations for the policymakers, future researchers and all the stakeholders in the agricultural sector in Nigeria that agricultural output has the capacity to reduce poverty level in the country. This implies that when poverty reduction is the target of the policymakers in the country, manipulating agricultural output will induce the reduction in poverty level in the long run. Also the government should possess political goodwill to revamp agricultural sector.

AGRICULTURAL SECTOR AND EMPLOYMENT GENERATION IN POST SAP ERA NIGERIA: AN EMPIRICAL PERSPECTIVE

2020 ◽  
Vol 11 (1) ◽  
pp. 185-196
Author(s):  
Aderemi Timothy Ayomitunde ◽  
Abalaba Bamidele Pereowei ◽  
Adeniran Aderinsola Abosede ◽  
Amadi Chibuike Eusebius
Keyword(s):  
Inflation Rate ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Recent Time ◽  
Time Data ◽  
Policy Makers ◽  
Empirical Perspective ◽  
Employment Generation ◽  
The Government

This study investigated the role of agriculture in generating employment in post SAP era Nigeria. This study was motivated as a result of lack of sufficient studies regarding this subject matter in the recent time. Data were sourced from the CBN Statistical Bulletin and Cointegration, DOLS and Granger Causality Approach was used to address the objective of this study. Consequently, the major findings that emerged in this study are as follows: agricultural sector contributed to employment generation in the country, though not significant in the post SAP era. Similarly, inflation rate has a positive impact on employment generation in the economy. However, the contribution of agricultural expenditure to the employment generation was negative in the country. Furthermore, one way feedback flows from employment to agricultural expenditure and expenditure on agriculture granger causes inflation rate in the economy. Moreover, based on these findings the following recommendations could be made for the policy makers in Nigeria that agricultural sector has the capacity to address the current unemployment menace among the youths in Nigeria. Also, the government should possess a political goodwill to diversify the current mono-cultural nature of the economy towards agricultural sector by proper funding of this sector of the economy

scholarly journals Agro-industrialisation and financial intermediation in Nigeria

2020 ◽  
Vol 11 (3) ◽  
pp. 443-456 ◽  
Author(s):  
Ngozi Adeleye ◽  
Evans Osabuohien ◽  
Simplice Asongu
Keyword(s):  
Agricultural Sector ◽  
Explanatory Power ◽  
Value Added ◽  
Annual Data ◽  
Industrial Output ◽  
Industrial Growth ◽  
Content Type ◽  
Long Run ◽  
The Government

PurposeThe study aims to analyse the role of finance in the agro-industrialisation nexus in Nigeria using annual data on manufacturing value added, agricultural value added and volume of finance availed to the agricultural sector from 1981 to 2015.Design/methodology/approachTo establish the presence of a long-run relationship, the error correction model and bounds cointegration techniques are employed. Likewise, the model is augmented to test whether the associated relationship between industrial output and agricultural output depends on access to finance by farmers with the inclusion of an interaction term.FindingsSome salient contributions to the literature are as follows: agriculture and finance are strong and positive predictors of industrialisation in the long run; in the short run, past realisations of industrial output and finance have significant asymmetric effects on industrial output; the explanatory power of agriculture decreases with the growth of the financial system; and the long-run results validate the role of finance in the agro-industrialisation nexus.Originality/valueGiven these findings, achieving growth in the agricultural sector that will induce desired industrialisation should be prioritised by the government through agencies such as the central bank, financial intermediaries and other stakeholders with a view to making agricultural financing a major concern for sustainable domestic consumption and industrial growth.

scholarly journals Trade Openness And Inflation: Empirical Explanation Of The Nexus In Nigeria

2019 ◽  
Vol 1 (2) ◽  
pp. 35-45
Author(s):  
Musa Abdullahi Sakanko ◽  
David Joseph
Keyword(s):  
Inflation Rate ◽  
Time Series Data ◽  
Trade Openness ◽  
Consumer Price Index ◽  
Negative Relationship ◽  
Series Data ◽  
Secondary Sources ◽  
Long Run ◽  
Short Run ◽  
The Government

Purpose of the study: The study aims is to examine the effect of trade openness on inflation rate in Nigeria. Methodology: Time series data were collected from secondary sources.  EViews10 (statistical software for data analysis) ware employed to analyze the data collected. Findings: The results revealed a cointegrating and one-way Granger causality between inflation rate, and trade openness. In addition, both the short-run and the long-run results demonstrate a significant and negative relationship between inflation rate and trade openness in Nigeria. Application: The study is paramount to the government and policymakers in dealing and taking a decision regarding consumer price index and trade openness in Nigeria. We conclude that the government should work towards full diversification and diversion of the economy from oil export, control, and management of the degree of trade liberalization and the extent to which goods enter the country, and the control of money supplied. Novelty/Originality: The study accorded to debate on the inflation rate, and trade openness in Nigeria looking, at both short-run and long-run effects, before few accessible studies focused on impact, and trade openness was not measured as the value of net export divided by gross domestic product. Finally, the paper contributed to the scanty of the literature.

scholarly journals Tax revenue and agricultural performance: evidence from Nigeria

2019 ◽  
Vol 17 (3) ◽  
pp. 342-349 ◽  
Author(s):  
Olufemi Adebayo Oladipo ◽  
Francis Iyoha ◽  
Adeniran Fakile ◽  
Abiola John Asaleye ◽  
Damilola Felix Eluyela
Keyword(s):  
Agricultural Sector ◽  
Tax Revenue ◽  
Poor Growth ◽  
Agricultural Output ◽  
Agricultural Performance ◽  
Long Run ◽  
Short Run ◽  
Oil Sector ◽  
The Government ◽  
The Impact

The responsibility of the government of any economy cannot be overemphasized. Likewise, the resources generated and infrastructural development helps to boost the economic growth of any nation. There has been overdependency of Nigerian economy on the oil sector, the major source of revenue. However, this sector has experienced several challenges ranging from devaluation in naira and fall in prices of crude oil in the international market. This serves as a revelation for the Nigerian government to seek an additional source of income. To this end, the main aim of this paper is to examine the impact of total tax revenue on agricultural performance in Nigeria. The study uses Engel and Granger approach to cointegration to establish the long- and short-run behavior, it was found that a positive and significant relationship exists between revenue obtained in the agricultural sector, capital in agricultural sector proxy by loan and agricultural output, while employment and total tax generated are not significant in the short run. In the long run, employment, capital and total revenue are statistically significant with agricultural output, while tax is insignificant. The implication of the result showed that tax has not yielded desirable result in promoting the agricultural sector in Nigeria. To promote pro-poor growth, long-run employment and improve overall welfare, there is a need to incorporate benefit from tax into agricultural performance. The study recommends among others the need for a systemic approach, given a significant percentage of the total tax generated to boost the development of the agricultural sector.

scholarly journals Re-engineering agriculture for enhanced performance through financing

2010 ◽  
Vol 15 (29) ◽  
pp. 35-49
Author(s):  
Taiwo Mafimisebi ◽  
◽  
Adegboyega Oguntade ◽  
Ojuotimi Mafimisebi ◽  
◽  
...  
Keyword(s):  
Poverty Reduction ◽  
Agricultural Sector ◽  
Poor Performance ◽  
Economic Stability ◽  
Continuous Growth ◽  
Long Run ◽  
Strategic Role ◽  
Guaranteed Loans ◽  
Authorized Capital

Insufficient institutional credit is a major contributor to the persistent poor performance of the Nigerian agricultural sector. To encourage financial institutions to increase lending to the sector, a partial credit guarantee scheme was instituted. The scheme commenced operations in 1978 with an authorized capital of N 100.00 million, subscribed to 60% and 40% by the Federal Government of Nigeria and the Central Bank of Nigeria, respectively. This paper presents an appraisal of the scheme. The results revealed that there has been continuous growth in paid-up share capital, total fund resources, maximum amount of loan obtainable by farmers, number and value of loans guaranteed, volume and value of loans fully repaid and volume and value of default claims settled. There was a long-run convergence between the number and volume of guaranteed loans and the agricultural GDP. This finding indicates the need to expand the quantum of funds available for guaranteeing agricultural loans to increase performance of the agricultural sector in the long run. This step is justified by the strategic role of agriculture in the Nigerian economy in terms of food and fiber production, job creation, income generation, poverty reduction and economic stability.

The Role of Education and Technology Adaptation in Poverty Reduction in Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 124-127
Author(s):  
Novi Firmawati ◽  
◽  
Budi Sasongko
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Poverty Reduction ◽  
Moving Average ◽  
Negative Relationship ◽  
Secondary Data ◽  
Technological Adaptation ◽  
Education Investment ◽  
The People

This study examines the role of education in improving technology adoption as reflected in technology inclusion, poverty alleviation and efforts to increase community income which is reflected in economic growth. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We found that education investment and technology inclusion were positively related to economic growth. And,negatively related to probability. This indicates that education plays a role in encouraging technological inclusion which reflects technological adaptation and encourages economic growth which is an indicator of the prosperity of the people in Indonesia which is strengthened by a negative relationship with poverty which indicates that education plays an important role in poverty alleviation

THE IMPACT OF RESEARCH AND DEVELOPMENT INVESTMENT ON AGRICULTURAL SECTOR PERFOMANCE IN KENYA

2017 ◽  
Vol 2 (1) ◽  
pp. 34-57
Author(s):  
John Githii Kimani ◽  
Dr. George Ruigu Ruigu
Keyword(s):  
Research And Development ◽  
Agricultural Sector ◽  
Research Policy ◽  
Trade Openness ◽  
Policy And Practice ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Parsimonious Model ◽  
The Impact

Purpose: The purpose of the study was to assess the impact of research and development investment/expenditure on the agricultural sector performance in Kenya.Methodology: The study took the peoples impact assessment direction. The data for this study was collected from various government agencies such as KARI, ASTI, Kenya Agricultural Sector Data compendium website, FAOSTAT, World Bank among others. Co-integration and error correction modeling methods were used in analyzing the data for this study.Results: Co-integration results for both the parsimonious and non-parsimonious model indicated that that there is a long-run relationship among the variables in the agriculture performance in Kenya. Further, findings in this study indicated that the variables under study were insignificant determinants of the long run Total Factor Productivity of the agricultural sector.  Meanwhile, Trade openness was the only significant determinant of the short run agricultural Total Factor Productivity.Unique Contribution to Policy and Practice: This study recommends the institutionalization of policies aimed at ensuring interaction between the various stakeholders in the agricultural sectors. This interaction will ensure that resources are better allocated to reduce duplication of research and dissemination activities. In addition, greater collaboration among the stakeholders will promote and strengthen the connection between research, policy and the application of research findings. The study further advocates that the government should follow a trade liberazation oriented approach to the agricultural sector as opposed to a trade tightening approach.

scholarly journals Enhancing rural livelihoods in Tanza-nia : A small-holder farmers’ perspective

2017 ◽  
Vol 5 (2) ◽  
pp. 68 ◽  
Author(s):  
Abel Kinyondo ◽  
Joseph Magashi
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Agricultural Sector ◽  
Rural Livelihoods ◽  
Sustainable Livelihood ◽  
Extension Services ◽  
The Past ◽  
Small Holder Farmers ◽  
The Government ◽  
Small Holder

Poverty reduction has been a difficult milestone for Tanzania to achieve despite recording remarkable economic growth over the past decade. This is because the attained growth is not inclusive, in that sectors contributing to this growth employ fewer people. Given the fact that agriculture continues to employ the majority of people in Tanzania, efforts to improve livelihoods should necessarily be geared towards transforming the sector. It is in this context that using a sample of 3,000 farmers from 13 regions of Tanzania; this Tanzania, this study set out to examine challenges facing farmers and their respective solutions following the sustainable livelihood framework. Findings show that improving farmers’ livelihoods would entail concerted efforts by the government to avail to farmers, quality and affordable seeds, fertilizer, agricultural infrastructures, subsidies, extension services, markets, information alert, affordable loans, and areas for pastures. This implies that the government needs to allocate enough funds to the agricultural sector if farmers’ needs are to be met. We note, however, that government’s allocation to the sector has alarmingly generally been exhibiting a declining trend for the past four years. It is against this background that we strongly recommend that the government rethinks its position and prioritize the agricultural sector in its budget.

scholarly journals DINAMIKA KERAGAAN KEMISKINAN DI DESA PATANAS DAN UPAYA MENGATASINYA

2017 ◽  
Vol 11 (1) ◽  
pp. 118
Author(s):  
Valeriana Darwis
Keyword(s):  
Poverty Reduction ◽  
Agricultural Sector ◽  
Arable Land ◽  
Land Ownership ◽  
Land Rent ◽  
Irrigated Rice ◽  
The Poor ◽  
Development Agenda ◽  
The Government ◽  
Negative Growth

Poverty reduction  is a priority  development agenda  and  a lot of  programs or  policies  that  have  been  implemented  by  the  government.  One  of  the  pockets  of poverty  are  diperdesaan  where  people  work  in  the  agricultural  sector.  In  locations irrigated  rice  agro-ecosystem  study  the  performance  of  rice-based  poverty  in  2007 and 2010  experienced a  negative growth,  it is seen from: (i)  reduced  employment  and increased  unemployment,  (ii)  a source  of income  from  agriculture  generally,  but  she became  a source  of income  in  non-agriculture,  (iii)  land  ownership  between  0.25 to 1 ha  and  reverse  the  decline  of arable land  rent  is increasing,  (iv)  expenditure  on food increased  primarily  to  meet  the  needs  of  carbohydrates  and  animal  sources.  The dynamics of  the most  positive  efforts  made  respondents  in addressing  the problem of food  by  way  of  debt,  overcoming  difficulties  by  reducing  the  amount  of  clothing purchases,  overcoming  difficulties  fulfilling  its way into  participants  health  insurance for the poor,  addressing  educational  problems  by borrowing  money  or  do not  attend school.

scholarly journals PENANGGULANGAN KEMISKINAN DI SEKTOR PERTANIAN: KASUS PADA PROGRAM BEKERJA

2021 ◽  
Vol 19 (2) ◽  
pp. 109
Author(s):  
Endro Gunawan ◽  
Bambang Irawan
Keyword(s):  
Poverty Reduction ◽  
Agricultural Sector ◽  
Laying Hens ◽  
Descriptive Analysis ◽  
Primary Data ◽  
Qualitative Descriptive ◽  
Agricultural Business ◽  
Plantation Crops ◽  
Depth Interviews

<p class="A04-abstrak3"><span lang="EN-US">In order to reduce poverty in the agricultural sector, the Ministry of Agriculture implements the BEKERJA program, which is  an effort to empower poor farmers in farming multi-commodities, including laying hens, vegetables, fruit and plantation crops. The objective of this study is to understand the role of the program on increasing farmers' income and reducing poverty. This research was conducted in 11 provinces covering 38 districts which were the location of the BEKERJA program in 2018 and 2019. The data used were primary data collected through in-depth  interviews of farmers participating in the program. The results of quantitative and qualitative descriptive analysis concluded that the program was quite successful in enhancing agricultural business activities among poor farmers, but it had not been able to increase farmers' income significantly. The number of poor farmers participating in the program only decreased by 1.48%. There are many challenges faced in empowering poor farmers, and therefore a strong commitment is needed to reduce poverty in the agricultural sector. To increase the effectiveness of these poverty reduction efforts, the empowerment of poor farmers in the future should be carried out as the following: (1) commodities developed are focused on the  laying hens and vegetables farming, (2) farmers empowerment and  provision of agricultural facilities should be continued  at least until the farming activities is financially profitable, (3)  technical guidance for cultivation should be strengthen, (4) beneficiaries of the program should be  prioritized to  young farmers, and (5) development a special program that is focussed for the poor farmers.</span></p>

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