Agricultural Investment and Poverty Nexus in NIgeria 1981-2015.
Year: 2018
Type: article
Abstract: This study investigates the dynamic relationships between Agricultural investment and poverty in Nigeria for the period of 1981-2015 using Johansen cointegration test and Vector Error Correction (VEC) approach to analyze the data leading to key findings. The results indicate that in the long run, Public Investment in Agriculture has a positive significant impact on poverty while Private Investment in Agriculture does not sustainably translate to poverty alleviation in Nigeria. In addition, Foreign PrivateInvestment in Agriculture has a positive but insignificant impact on poverty ratewhile Unemployment aggravates poverty by about ½ percent in Nigeria. In theshort run, Private investment in agriculture and foreign private investment inagriculture appears to be poverty inducing, though their impacts proved to beinsignificant and it appears foreign investors might constantly repatriate profitsinstead of ploughing them back due to un-conducive business environment.Results of VEC indicate the system corrects its previous period's disequilibriumby 28.6 percent a year. The study therefore recommends that government shouldexpand public investment particularly in private sector complimentary areas inInfrastructure and R&D in order to motivate the private sector to participatefully and those broad based policies should be designed for alleviating povertythrough agribusiness.
Institution: Nasarawa State University
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7204118471