EFFECT OF CHANGES IN PRICES ON AGRICULTURAL OUTPUT IN NIGERIA

Changes in prices remains one of the focal areas of world leaders for both its global importance, and most especially, its threat to the existence of world's market. The study examined the challenges of price volatility in Nigeria and its implication on agriculture and food security over a period from 1980-2019. Time series data and econometric techniques were used to analyze the data. Specifically, regression analysis with the option of ordinary least square were employed. The results showed that, there is variability in Nigeria rainfall and temperature. It also showed that price volatility has significant effect on agricultural productivity. The result also showed that rainfall is more significant than temperature as a determinant of agricultural output in Nigeria. Encouragement of formation of farmers groups for them to be able to control the price of product to enhance or solve problem of shortage, excessiveness and fluctuations. It is therefore recommended that the need for adequate provision of irrigation and drainage infrastructure which could be regarded as crucial for adaptation should be provided by all agencies and persons concerned to boost agricultural productivity in Nigeria.