Effect of Insecurity on Agriculture Sector Performance in Nigeria

Confidence Chinyere Amadi-Robert; Tonye ThankGod; King Sunday Agbagwa; Chibueze Samuel Chukwuemeka

doi:10.56201/ijefm.v9.no4.2024.pg142.157

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Effect of Insecurity on Agriculture Sector Performance in Nigeria

Confidence Chinyere Amadi-Robert , Tonye ThankGod , King Sunday Agbagwa & Chibueze Samuel Chukwuemeka

Abstract

This study investigated the effect of insecurity on agriculture sector performance from 1990 to 2021. Analytical data for the study were obtained from Central Bank of Nigeria (CBN), World Banks World Development Indicators, (WDI) and National Bureau of Statistics (NBS) 2022. Augmented Dickey Fuller unit root method was used to determine if the variables were stationary. Consequently, some variables were stationary at order zero [I(0)] and others became stationary at order one [I(1)]. In light of this circumstance, the Auto-Regressive Distributive Lag (ARDL) Model was used in the research. Result from the ARDL bound test indicated that there is a long- run relationship between insecurity and agriculture sector performance on the evidence of the F- Statistic. Empirical result from the ARDL analysis found that kidnaping rate and armed forces personnel expenditure had a positive and significant effect on agriculture sector contribution to gross domestic product in the long-run. However, armed robbery rate and military expenditure had a detrimental effect on agriculture sector contribution to gross domestic product in the short- run. Hence, it was concluded that insecurity had a significant effect on agriculture sector performance in Nigeria. It was recommended amongst others that federal government through the ministry of defense should initiate new device on how to tackle kidnappers and eliminate the menace completely. This will help restore farmers and investors’ confidence.

Keywords

Kidnaping RateArm Robbery RateMilitary ExpenditureArmed Forces Personnel

References

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Effect of Insecurity on Agriculture Sector Performance in Nigeria

Abstract

Keywords

References

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