IIARD International Institute of Academic Research and Development

International Journal of Agriculture and Earth Science (IJAES )

E- ISSN 2489-0081
P- ISSN 2695-1894
VOL. 10 NO. 5 2024
DOI: 10.56201/ijaes.v10.no5.2024.pg93.109

---

An Econometric Analysis of the Effect of Agricultural Funding on Selected Tuber Crops Output in Nigeria (1999 -2020)

Okidim, I. A. & Ben-Elijah, I. A

---

Abstract

This study determined the influence of agricultural funding on selected tuber crops output in Nigeria within the period 1999-2020. The study adopted ex-post factor research design and relied on time series data. Pre and post -estimation diagnostics tests were adopted to check for reliability of the data used. The regression results showed that Agricultural Credit Guaranteed Scheme Fund (ACGSF) (-2.456020), had a negative and significant influence on Cassava production (CSVPD), Bank of Industry (BOI) (-0.023170) had a negative and significant influence on Cassava production (CSVPD), while Bank of Agriculture (BOA) (0.014092) had a positive and significant influence on cassava production (CSVPD). Bank of Industry (BOI) (-0.038446), International fund for Agriculture Development (IFAD) (-0.248212) and Public recurrent expenditure to agriculture (PREXPA) (-187.3435) all had negative and significant relationship with yam production during the period under study. On the other hand, Agricultural Credit Guaranteed Scheme Fund (ACGSF) (1.068221) and Public Capital Expenditure to Agriculture (PCEXPA) (79.71212) did have a positive and significant influence on yam output. Public Capital Expenditure to agriculture (PCEXPA) (1.477366) and public recurrent expenditure to agriculture (PREXPA) (6.558832) had significant and positive relationship with potato production. The study concluded that the agricultural funding schemes have not been properly maximized to boost tuber crop production and sustainability, and recommended that Agricultural Credit Guaranteed Scheme Fund (ACGSF) and Bank of Industry (BOI) funding should be given attention with regards to cassava production and Bank of Industry (BOI), International fund for Agriculture Development (IFAD) and Public recurrent expenditure to agriculture (PREXPA) should be properly managed with regard to yam production so they can have positive influence on the output of yam in the country.

keywords:

Agric. Funding, Tuber Crops, Cassava, Yam, Sweet Potatoe

---

References:

AfDB/Africa Development Bank (2016). 2015-2019 Draft agriculture and agribusiness strategy.
African Development Bank, Tunis, Tunisia.
Alabi, R. A. (2014). Impact of agricultural foreign aid on agricultural Growth in Sub
Saharan Africa: A Dynami c Specification. AGRODEP Working Paper 0006.
International Food Policy Research Institute, Washington D.C, USA.
Briones, R.M. (2013). Agriculture, Rural Employment and Inclusive Growth, Philippine Institute
for Development Studies Discussion Paper Series NO. 2013-39.
Islam, N. (2011). Foreign aid to agriculture. Review of facts and analysis, IFPRI Discussion
Paper, 2(1),18-25.
Kalibata, A (2010). Agricultural aid to Africa is living aid.
Mogues, T., Morris, M., Freinkman, L., Adubi, A., Ehui, S., Nwoko, C., Taiwo, O., Nege, C.,
Okonji, P. & Chete, L. (2008). Agricultural Public Spending in Nigeria. IFPRI Discussion
Paper 00789, 1 – 108.
Oguntade, E. A. (2014). Food losses in cassava and maize value chain in Nigeria. Analysis and
recommendations for reduction strategies. Deutsche Gesellschaft für Internationale
Zusammenarbeit(GIZ), Bonn, Germany.

DOWNLOAD PDF

---

Back