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

Author

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  • Joseph I. Uduji

    (University of Nigeria, Nsukka, Nigeria)

  • Elda N. Okolo-Obasi

    (University of Nigeria, Nsukka, Nigeria)

  • Simplice A. Asongu

    (Yaoundé, Cameroon)

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

  • Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2019. "Farmers’ Food Price Volatility and Nigeria’s Growth Enhancement Support Scheme," Research Africa Network Working Papers 19/075, Research Africa Network (RAN).
    • Handle: RePEc:abh:wpaper:19/075
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    References listed on IDEAS

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    Cited by:

    1. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2020. "Women’s Participation in the Offshore and Inshore Fisheries Entrepreneurship: the Role of CSR in Nigeria’s Oil Coastal Communities," Working Papers of the African Governance and Development Institute. 20/012, African Governance and Development Institute..
    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," Research Africa Network Working Papers 20/026, Research Africa Network (RAN).
    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:

    • 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
    • N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania

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