ABSTRACT
The objective of the study is to
evaluate inflation and food crop production in Nigeria. Secondary data was used
in this study and was analyzed using descriptive statistics and multiple
regressions. Data was collected on the output of major agricultural commodities
(staples), weather condition proxied by average animal rainfall, government
capital allocation to agriculture, land area harvested tinder food crop
production; government policy regime (SAP), total fertilizer use, time trend
variable and consumer price index were collected from 1970 to 2000. The
ordinary least square regression techniques was used to estimate the
determinant of food crop production in Nigeria and graph was used to examine
the trend in inflation and consumer food price index. The result reveals that fertilizer
uses, consumer price, average annual rain fall, government p61 icy regime were
significant factor that explained the determinant of food crop production. The
regression techniques was used to estimate the growth rate of output in
Nigeria. The result reveals that the estimated trend equation for out has the
coefficient of the time trend to be positive and highly significant with
respect to output indicating significant increase (growth) in the output with.
The estimated quadratic equations in time variable for output was also had
positive value of the coefficient o t2for output which is a confirmation of
statistical significant acceleration in output. Based on the findings, it is
recommended that government should increase substantially its investment in the
agricultural sector and provide enough incentive to boost food crop production
on in the country.
ONYEANULA, I (2021). Inflation And Food Crop Production In Nigeria (1970-2000) . Mouau.afribary.org: Retrieved Nov 18, 2024, from https://repository.mouau.edu.ng/work/view/inflation-and-food-crop-production-in-nigeria-1970-2000-7-2
IJEOMA, ONYEANULA. "Inflation And Food Crop Production In Nigeria (1970-2000) " Mouau.afribary.org. Mouau.afribary.org, 15 Jul. 2021, https://repository.mouau.edu.ng/work/view/inflation-and-food-crop-production-in-nigeria-1970-2000-7-2. Accessed 18 Nov. 2024.
IJEOMA, ONYEANULA. "Inflation And Food Crop Production In Nigeria (1970-2000) ". Mouau.afribary.org, Mouau.afribary.org, 15 Jul. 2021. Web. 18 Nov. 2024. < https://repository.mouau.edu.ng/work/view/inflation-and-food-crop-production-in-nigeria-1970-2000-7-2 >.
IJEOMA, ONYEANULA. "Inflation And Food Crop Production In Nigeria (1970-2000) " Mouau.afribary.org (2021). Accessed 18 Nov. 2024. https://repository.mouau.edu.ng/work/view/inflation-and-food-crop-production-in-nigeria-1970-2000-7-2