EFFECT OF CHANGES IN PRICES ON AGRICULTURAL OUTPUT IN NIGERIA
1 Department of Mass Communication, Federal University Lokoja
2 Agricultural and Rural Management Training Institute (ARMTI), Ilorin Institute (ARMTI), Ilorin
3 Agricultural and Rural Management Training Institute (ARMTI), Ilorin
* Corresponding author: israel.bigun@fulokoja.edu.ng
2 Agricultural and Rural Management Training Institute (ARMTI), Ilorin Institute (ARMTI), Ilorin
3 Agricultural and Rural Management Training Institute (ARMTI), Ilorin
* Corresponding author: israel.bigun@fulokoja.edu.ng
Abstract
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.
Keywords
price changes
Agricultural output and climate change
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How to Cite
ABDULAZIZ, A. F. O., OLALEKAN, K., & IMUENTINYAN, O. F. (2021). EFFECT OF CHANGES IN PRICES ON AGRICULTURAL OUTPUT IN NIGERIA. Humanity - Jos Journal Of General Studies, 12(1), 165-171. https://doi.org/10.67862/hjjgs.2021.389jgovo
A. F. O. ABDULAZIZ, K. OLALEKAN, and O. F. IMUENTINYAN, "EFFECT OF CHANGES IN PRICES ON AGRICULTURAL OUTPUT IN NIGERIA," Humanity - Jos Journal Of General Studies, vol. 12, no. 1, pp. 165-171, January 2021. doi: 10.67862/hjjgs.2021.389jgovo
