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Agricultural investment for growth and poverty reduction in Nigeria:

Author

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  • Alpuerto, Vida
  • Diao, Xinshen
  • Salau, Sheu
  • Nwafor, Manson

Abstract

This study assesses public investment required for agricultural growth and poverty reduction in Nigeria. Using time series data for public spending and agricultural total factor productivity (TFP) growth, the econometrically estimated results show that one percent of growth in agricultural spending generates 0.24 percent of growth in agricultural TFP. To support 9.5 percent in agricultural annual growth in 2009-17, a growth rate from the economy-wide analysis on options of growth for poverty reduction (Diao et al. 2009), required agricultural investment would have to grow at 23.8 percent annually in the same period. However, if the spending efficiency were improved based on an estimated elasticity for Sub-Saharan Africa as whole, then required agricultural investment would grow at 13.6 percent per year instead. The study also shows that investment outside agriculture benefits the agricultural sector. By taking into account such indirect effect of public investment, required growth in agricultural spending is much lower.

Suggested Citation

  • Alpuerto, Vida & Diao, Xinshen & Salau, Sheu & Nwafor, Manson, 2009. "Agricultural investment for growth and poverty reduction in Nigeria:," NSSP working papers 1, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:nsspwp:1
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    References listed on IDEAS

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    1. Fan, Shenggen & Saurkar, Anuja, 2008. "Tracking agricultural spending for agricultural growth and poverty reduction in Africa," ReSAKSS issue notes 5, International Food Policy Research Institute (IFPRI).
    2. Shenggen Fan & Peter Hazell & Sukhadeo Thorat, 2000. "Government Spending, Growth and Poverty in Rural India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(4), pages 1038-1051.
    3. Mr. Thomas Baunsgaard, 2003. "Fiscal Policy in Nigeria: Any Role for Rules?," IMF Working Papers 2003/155, International Monetary Fund.
    4. Mogues, Tewodaj & Morris, Michael & Freinkman, Lev & Adubi, Abimbola & Simeon, Ehui & Nwoko, Chinedum & Taiwo, Olufemi & Nege, Caroline & Okonji, Patrick & Chete, Louis, 2008. "Agricultural public spending in Nigeria:," IFPRI discussion papers 789, International Food Policy Research Institute (IFPRI).
    5. Mr. Eric Mottu & Mr. Ehtisham Ahmad, 2002. "Oil Revenue Assignments: Country Experiences and Issues," IMF Working Papers 2002/203, International Monetary Fund.
    6. AGENOR Pierre-Richard & IZQUIERDO Alejandro & FOFACK Hippolyte, 2010. "IMMPA: A Quantitative Macroeconomic Framework for the Analysis of Poverty Reduction Strategies," EcoMod2003 330700003, EcoMod.
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    Cited by:

    1. Nkonya, Ephraim & Pender, John L. & Kato, Edward, 2009. "Options for enhancing agricultural productivity in Nigeria:," NSSP working papers 11, International Food Policy Research Institute (IFPRI).
    2. Sebastian O Uremadu & Florence O Ariwa & Charity E Duru Uremadu, 2018. "Impact of Government Agricultural Expenditure on Agricultural Productivity in Nigeria," Current Investigations in Agriculture and Current Research, Lupine Publishers, LLC, vol. 5(3), pages 679-688, November.
    3. Aragie, Emerta Asaminew & McDonald, Scott & Ferrari, Emanuele & Dudu, Hasan, 2016. "Investment in agricultural productivity vs rural commercialization: which way to rapid poverty reduction in Ethiopia?," Conference papers 332743, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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