Determinants of Food Security in Nigeria
The aim of this study is to examine the determinants of food security in Nigeria. In this study, a multiple regression model was specified, which captured the effects of labour input (measured using employment in the agricultural sector), domestic capital investment (measured using gross fixed capit...
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| Veröffentlicht in: | Acta Universitatis Danubius. Œconomica 2022, Vol.18 (3), p.193-209 |
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| container_title | Acta Universitatis Danubius. Œconomica |
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| creator | Enilolobo, O. S Nnoli, T. I Olowo, Samson Oluwole Aderemi, Timothy Ayomitunde Adewole, Aliu Olusola Olapade, V. O Esedeke, J. F |
| description | The aim of this study is to examine the determinants of food security in Nigeria. In this study, a multiple regression model was specified, which captured the effects of labour input (measured using employment in the agricultural sector), domestic capital investment (measured using gross fixed capital), bank inclusion (measured using bank lending to agriculture), environmental quality (measured using percentage of carbon dioxide emission to gross national income, and oil revenue. The autoregressive distributed lag (ARDL) method was adopted for analyzing the model, while pairwise granger causality was used to provide robust results. The results from the regression estimates found that only domestic capital had significant positive impact on food security in Nigeria; whereas bank lending only had significant positive impact on food security in Nigeria during the short run period. Based on the results the study recommends that: the Nigerian government should provide a conducive environment in the agricultural sector, for private participation; the CBN needs to look into bank lending policies and iron out gray areas that inhibit bank lending to the agricultural sector; the CBN, the Federal Ministry for Agriculture, the Ministry of Finance and the private sector should convey and design a short-long term plan for the growth and development of the agricultural sector in Nigeria; it is important to make agricultural subject a compulsory one in secondary schools; and the Nigerian government should reduce dependence on non-renewable energy. |
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S ; Nnoli, T. I ; Olowo, Samson Oluwole ; Aderemi, Timothy Ayomitunde ; Adewole, Aliu Olusola ; Olapade, V. O ; Esedeke, J. F</creator><creatorcontrib>Enilolobo, O. S ; Nnoli, T. I ; Olowo, Samson Oluwole ; Aderemi, Timothy Ayomitunde ; Adewole, Aliu Olusola ; Olapade, V. O ; Esedeke, J. F</creatorcontrib><description>The aim of this study is to examine the determinants of food security in Nigeria. In this study, a multiple regression model was specified, which captured the effects of labour input (measured using employment in the agricultural sector), domestic capital investment (measured using gross fixed capital), bank inclusion (measured using bank lending to agriculture), environmental quality (measured using percentage of carbon dioxide emission to gross national income, and oil revenue. The autoregressive distributed lag (ARDL) method was adopted for analyzing the model, while pairwise granger causality was used to provide robust results. The results from the regression estimates found that only domestic capital had significant positive impact on food security in Nigeria; whereas bank lending only had significant positive impact on food security in Nigeria during the short run period. Based on the results the study recommends that: the Nigerian government should provide a conducive environment in the agricultural sector, for private participation; the CBN needs to look into bank lending policies and iron out gray areas that inhibit bank lending to the agricultural sector; the CBN, the Federal Ministry for Agriculture, the Ministry of Finance and the private sector should convey and design a short-long term plan for the growth and development of the agricultural sector in Nigeria; it is important to make agricultural subject a compulsory one in secondary schools; and the Nigerian government should reduce dependence on non-renewable energy.</description><identifier>ISSN: 2065-0175</identifier><identifier>EISSN: 2067-340X</identifier><language>eng ; fre</language><publisher>Galati: Danubius University Press</publisher><subject>Agriculture ; Capital investments ; Carbon dioxide ; Causality ; Employment ; Energy and Environmental Studies ; Finance ; Financial Markets ; Food security ; Government ; National Economy ; National income ; Private sector ; Renewable energy ; Secondary schools</subject><ispartof>Acta Universitatis Danubius. 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Œconomica</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Enilolobo, O. S</au><au>Nnoli, T. I</au><au>Olowo, Samson Oluwole</au><au>Aderemi, Timothy Ayomitunde</au><au>Adewole, Aliu Olusola</au><au>Olapade, V. O</au><au>Esedeke, J. F</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Determinants of Food Security in Nigeria</atitle><jtitle>Acta Universitatis Danubius. Œconomica</jtitle><addtitle>Annals of Danubius University Economics</addtitle><date>2022</date><risdate>2022</risdate><volume>18</volume><issue>3</issue><spage>193</spage><epage>209</epage><pages>193-209</pages><issn>2065-0175</issn><eissn>2067-340X</eissn><abstract>The aim of this study is to examine the determinants of food security in Nigeria. In this study, a multiple regression model was specified, which captured the effects of labour input (measured using employment in the agricultural sector), domestic capital investment (measured using gross fixed capital), bank inclusion (measured using bank lending to agriculture), environmental quality (measured using percentage of carbon dioxide emission to gross national income, and oil revenue. The autoregressive distributed lag (ARDL) method was adopted for analyzing the model, while pairwise granger causality was used to provide robust results. The results from the regression estimates found that only domestic capital had significant positive impact on food security in Nigeria; whereas bank lending only had significant positive impact on food security in Nigeria during the short run period. 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| ispartof | Acta Universitatis Danubius. Œconomica, 2022, Vol.18 (3), p.193-209 |
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| subjects | Agriculture Capital investments Carbon dioxide Causality Employment Energy and Environmental Studies Finance Financial Markets Food security Government National Economy National income Private sector Renewable energy Secondary schools |
| title | Determinants of Food Security in Nigeria |
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