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Citation Information

Type Working Paper - MPRA Paper
Title Empirical Assessment of Nigeria’s Agricultural Export and Economic Welfare
Publication (Day/Month/Year) 2008
URL http://core.ac.uk/download/pdf/12018433.pdf
This paper assessed empirically Nigeria’s agricultural export and economic welfare. Data used for the
study were obtained from secondary sources, bulk of which was collected from institutional and
national databases over 1990-2005 and were analyzed using multiple regression and growth rate
analysis. The results showed that agricultural output, inflation, subsidy, exchange rate, food import and
export were statistically significant at various risk levels and have major implications on the economic
welfare of Nigeria. Economic welfare was found to have grown at rate of 2.9% over the period and
would be expected to reach N20, 480.64 million in 2010. The study suggested that Nigerian
government should adopt appropriate monetary policies to ensure stability in the foreign exchange
market in view of the bizarre implications of fluctuations on economic welfare.

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