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Farmers’ Food Price Volatility and Nigeria’s Growth Enhancement Support Scheme

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  • Uduji, Joseph
  • Okolo-Obasi, Elda
  • Asongu, Simplice

Abstract

The prices of food in Nigeria have become considerably higher and more volatile since 2012. The aim of this research was to ascertain factors affecting farmers’ involvement in the growth enhancement support programme (GESS) in the country. We ascertained the effect of the GESS on the handiness of market information and agricultural inputs that impact on price volatility at farm gate level. In number, 600 rural farmers were sampled across the six geopolitical zones of Nigeria. Results obtained from the use of a bivariate probit model show that farmers relied on the GESS for resolving food price volatility by making available the food market information and agricultural inputs that cut down the incidence and degree of panic-compelled price increment in Nigeria. The findings suggested the need to enhance the GESS in line with the agricultural transformation agenda (ATA) by reducing the hindrances mostly connected to the use of mobile phones, and how far the registration and collection centers are.

Suggested Citation

  • Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2019. "Farmers’ Food Price Volatility and Nigeria’s Growth Enhancement Support Scheme," MPRA Paper 101861, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:101861
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    References listed on IDEAS

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    7. Joseph Ikechukwu Uduji & Elda N. Okolo‐Obasi & Simplice A. Asongu, 2019. "Corporate social responsibility and the role of rural women in sustainable agricultural development in sub‐Saharan Africa: Evidence from the Niger Delta in Nigeria," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(4), pages 692-703, July.
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    21. Joseph I. Uduji & Elda N. Okolo-Obasi, 2019. "Corporate Social Responsibility in Nigeria and Rural Youths in Sustainable Traditional Industries Livelihood in Oil Producing Communities," Working Papers 19/030, European Xtramile Centre of African Studies (EXCAS).
    22. Gbolagade B. Ayoola, 1997. "Toward a Theory of Food and Agriculture Policy Intervention for a Developing Economy with Particular Reference to Nigeria," Center for Agricultural and Rural Development (CARD) Publications 97-wp187, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    23. Joseph I. Uduji & Elda N. Okolo-Obasi, 2019. "Corporate Social Responsibility in Nigeria and Rural Youths in Sustainable Traditional Industries Livelihood in Oil Producing Communities," CEREDEC Working Papers 19/030, Centre de Recherche pour le Développement Economique (CEREDEC).
    24. Joseph I. Uduji & Elda N. Okolo-Obasi, 2018. "Corporate Social Responsibility Initiatives in Nigeria and Rural Women Livestock Keepers in Oil Host Communities," Research Africa Network Working Papers 18/060, Research Africa Network (RAN).
    25. Joseph Ikechukwu Uduji & Elda Nduka Okolo‐Obasi, 2019. "Corporate Social Responsibility in Nigeria and Rural Youths in Sustainable Traditional Industries Livelihood in Oil Producing Communities," Journal of International Development, John Wiley & Sons, Ltd., vol. 31(7), pages 658-678, October.
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    Cited by:

    1. Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2020. "Women’s Participation in the Offshore and Inshore Fisheries Entrepreneurship: the Role of CSR in Nigeria’s Oil Coastal Communities," MPRA Paper 103141, University Library of Munich, Germany.
    2. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2020. "Sustainable Peace building and Development in Nigeria’s Post-Amnesty Programme: the Role of Corporate Social Responsibility in Oil Host Communities," Working Papers 20/026, European Xtramile Centre of African Studies (EXCAS).
    3. Uduji, Joseph & Okolo-Obasi, Elda & Asongu, Simplice, 2020. "Sustainable Peace building and Development in Nigeria’s Post-Amnesty Programme: the Role of Corporate Social Responsibility in Oil Host Communities," MPRA Paper 103228, University Library of Munich, Germany.

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    More about this item

    Keywords

    Agricultural transformation agenda; bivariate probit model; food price volatility; growth enhancement support scheme; rural farmers; Nigeria;
    All these keywords.

    JEL classification:

    • N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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