This study was undertaken to empirically examine the trends of rice consumption, rice production, rice import and rice area harvested in Nigeria over the period of 1960 to 2011 with the special interest on drawing up lessons for achieving rice self sufficiency in Nigeria. Secondary data were employed in this study and were analysed using descriptive statistics notably graphical analysis. It was noted that rice consumption is growing faster than rice production in Nigeria and therefore, the growing trend of rice importation to meet local demand will incessantly continue leading to a steady loss of revenue in importing rice. It was recommended that adequate policies aimed at boosting rice production through increase in rice productivity other than just the expansion of rice area harvested should be embraced by all the stakeholders in the Nigerian rice subsector so as to achieve rice self sufficiency in line with the agricultural transformation agenda of Nigeria.Page 454-457 2. METHODOLOGY OVERVIEW OF STUDY AREAThe study area is Nigeria. Nigeria is a vast agricultural country -endowed with substantial natural resources‖ which include: 68 million hectares of arable land; fresh water resources covering about 12 million hectares, 960 kilometres of coastline and an ecological diversity which enables the country to produce a wide variety of crops and livestock, forestry and fisheries products [8].The country lies between 4 o N and 14 o N, and between 3 o E and 15 o E. Nigeria is located within the tropics and therefore experiences high temperatures throughout the year. The mean for the country is 27 o C. Average maximum temperatures vary from 32 o C along the coast to 41 o C in the far north, while mean minimum figures range from 21 o C in the coast to under 13 o C in the north. The climate of the country varies from a very wet coastal area with annual rainfall greater than 3,500 mm to the Sahel region in the north western and north eastern parts, with annual rain fall less than 600mm. Figure 1: Map of Nigeria Showing Vegetation Zones Source: [9] Data Collection and SourcesSecondary data on the indices of Nigerian rice sub-sector namely rice consumption in metric tonnes(MT), rice production in metric tonnes(MT), rice import in metric tonnes(MT) and rice area harvested in hectares(HA) were utilized in this study. The data utilized extended over a period of fifty two years (1960 -2011).
Inventory is one of the most important current assets of any company, therefore, efficient usage and management of inventory are necessary for the long-term success of any business. This research links three main components of inventory management i.e. efficiency, productivity, and responsiveness to superior firm performance in terms of both operational and financial performance within the chemical sector of Pakistan. For this purpose, ten years of data from 2011-2020 was collected from the annual financial statements of 21 companies within the chemical sector to develop and examine a panel data model. The regression analysis provides strong evidence that both the inventory productivity and responsiveness measures positively and significantly result in firm outperformance. However, the correlation test suggests that there is a weak negative relationship between inventory efficiency and firm performance while inventory productivity has a strong positive correlation and inventory responsiveness has a weak positive correlation with firm performance. The research adds to the existing literature on inventory management by utilizing new inventory control measures in the context of a developing economy such as Pakistan.
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