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Analysis of Determinants of Agribusiness investment in a Young Economy: Nigeria (1999 -2008)

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  • Nto Philip O

Abstract

The study examined determinants of agribusiness investment in Nigeria. Data for the study are time series collected on quarterly basis from publications of Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS) and National Population Commission (NPC). Some firms’ specific data were collected from published and unpublished records of forty (40) agribusiness enterprises randomly selected in Nigeria. Vector Auto Regression (VAR) model was used to analyze the data. Among the determinants of agribusiness investment in Nigeria analyzed by the study, tax paid, market size and exchange rate were found to be statistically significant at 5% probability level. Based on the results, it was recommended that government should enforce the policy on five-year tax holiday for young agribusiness firms and also establish Agribusiness Investment Protection Agency which will be charged with the responsibility of liaising with other relevant agencies to create enabling environment for agribusiness firms.

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  • Nto Philip O, 2011. "Analysis of Determinants of Agribusiness investment in a Young Economy: Nigeria (1999 -2008)," Journal of Social and Development Sciences, AMH International, vol. 2(3), pages 137-146.
    • Handle: RePEc:rnd:arjsds:v:2:y:2011:i:3:p:137-146
    DOI: 10.22610/jsds.v2i3.663
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    1. Ramesh Mohan, 2006. "Causal Relationship Between Savings And Economic Growth In Countries With Different Income Levels," Economics Bulletin, AccessEcon, vol. 5(3), pages 1-12.
    2. Aliyu, Shehu Usman Rano, 2009. "Impact of Oil Price Shock and Exchange Rate Volatility on Economic Growth in Nigeria: An Empirical Investigation," MPRA Paper 16319, University Library of Munich, Germany, revised 10 Jun 2009.
    3. Weissleder, Lucie M. & Heckelei, Thomas, 2008. "Analysing major determinants of European FDI into the Mediterranean countries," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44053, European Association of Agricultural Economists.
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