Fertilizer subsidy policy: implications for investment in the agricultural sector

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Periodical article

Title:	Fertilizer subsidy policy: implications for investment in the agricultural sector
Author:	Likita, Tanko
Year:	2000
Periodical:	The Nigerian Journal of Economic and Social Studies
Volume:	42
Issue:	3
Pages:	401-410
Language:	English
Geographic term:	Nigeria
Subjects:	subsidies agriculture fertilizers arable farming
Abstract:	This paper examines the parallels that exist between agricultural input subsidization and crop output in Nigeria. Time-series data covering the period 1980-1994 were used for the analysis. Results of statistical and econometric analysis indicated that agricultural output increased significantly between the first decade and the first half of the second decade. A strong positive correlation was observed between budgetary allocation to fertilizer and output of staple food crops. However, the only statistically significant variable that influenced staple food crop production was the exchange rate. It is recommended that for increased investment in the agricultural sector, farm input subsidization, especially for fertilizers, should be encouraged and farmers be involved in transporting the agronomic input to their domain. Bibliogr., sum. [Journal abstract]