Trade Policy, Infrastructural Development and Agricultural Sector Value Added in Nigeria

Effiom, Lionel; Ebi, Bassey Okon

doi:10.22452/ijie.vol13no1.1

Cited by 3 publications

(3 citation statements)

References 18 publications

(25 reference statements)

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“…Their study showed that agricultural productivity before and after trade liberalisation significantly differed, which indicated that trade openness negatively affects agricultural output in both the long and short run. The result was consistent with the findings of Effiom and Ebi (2021), who reported that the liberalisation policy restricts the long-term growth of the value-added produced by the agricultural sector. However, these findings negate the earlier studies of Felix et al (2013a, b) and Muhammad and Atte (2006), who reported that trade liberalisation promotes the economic growth in Nigeria with positive developmental support in its agricultural sector.…”

Section: Impacts Of Trade and Economic Policies On The Nigerian Agric...supporting

confidence: 92%

“…However, these findings negate the earlier studies of Felix et al (2013a, b) and Muhammad and Atte (2006), who reported that trade liberalisation promotes the economic growth in Nigeria with positive developmental support in its agricultural sector. According to Effiom and Ebi (2021), key infrastructure elements (telecommunications, roads and electricity consumption) had a significant relationship with and positively affected the agricultural sector. However, Felix et al (2013a) discovered that exports had a negative association with economic growth.…”

Section: Impacts Of Trade and Economic Policies On The Nigerian Agric...mentioning

confidence: 99%

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Assessing the Impact of Trade Policies on Growth and Development of the Manufacturing and Agricultural Sectors in Nigeria

Ibeh

2024

Insight on Africa

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This article examines the impact of trade policies in Nigeria (1960–2022) on the manufacturing and agricultural sectors. To set the context, I have grouped the trade policy periods into two categories: (a) the pre–structural adjustment programme (SAP) era (1960–1985) and (b) the post-SAP era (1986–2022). I have then examined economic data and all the existing literature to understand the pattern of manufacturing and agricultural outputs during these policy periods. Pre-SAP and post-SAP trade policies show a shift from protectionism to liberalisation, moderately improving agricultural and industrial sectors but still facing obstacles. Despite policies and agreements to improve trade, economic development remains unrealised. This study demonstrated that trade policies have led to erratic progress in both the agricultural and manufacturing sectors, consequently making a lesser contribution to the overall Nigerian development. Within this debate, three different schools of thought can be distinguished. The first school of thought holds that trade policy reforms benefit the growth of Nigerian manufacturing and agricultural sectors. The second school of thought contends that trade policy reforms (such as trade liberalisation) have a detrimental effect on industrial and agricultural sectors. The third school of thought argues that there is no proof or substantial linkage between trade policy reforms and the productivity and growth of manufacturing and agricultural sectors. Nevertheless, to benefit from trade liberalisation, this article identifies the need to revise the Nigerian trade policy as well as stabilise foreign exchange rates to advance and boost local manufacturing and agricultural sectors and promote active participation in trade agreements and policies.

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Section: Impacts Of Trade and Economic Policies On The Nigerian Agric...supporting

confidence: 92%

Section: Impacts Of Trade and Economic Policies On The Nigerian Agric...mentioning

confidence: 99%

Assessing the Impact of Trade Policies on Growth and Development of the Manufacturing and Agricultural Sectors in Nigeria

Ibeh

2024

Insight on Africa

View full text Add to dashboard Cite

show abstract

“…Sebri and Abid (2012) stated that trade openness influences the creation of AVA. Nonetheless, Effiom and Ebi (2020) findings demonstrate that trade openness is a deterrent for AVA. This is because trade openness was implemented when domestic production capacity was low.…”

Section: Literature Review and Hypothesismentioning

confidence: 88%

How to improve agricultural value-added in the MENA region? Implementation of Diamond Porter's theory in agriculture

Nugroho

Istvan²,

Fekete-Farkas³

et al. 2022

Front. Sustain. Food Syst.

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The global economy in recent decades has experienced frequent shocks. Many regions must improve their competitiveness and value-added to deal with this. One of them is in the Middle East and North Africa (MENA), where a rise in agricultural value-added (AVA) can produce more jobs than in other sectors. It is necessary to consider increasing AVA in the MENA region. Hence, the aim of this study is identifying the determinant factors of AVA in the MENA region. We employed 13 countries in the MENA region as samples in this study. The study's data spans 45 years, from 1975 to 2019. Static panel data regression analysis was employed in this study. AVA can growth by increasing the irrigated land, credit, and human capital. Meanwhile, growing inflation and economic globalization will reduce AVA. Therefore, we recommend that countries in the MENA region have to increase irrigation infrastructure, expand agricultural credit availability, encourage farmers to get a good education, improve research and development, control inflation, and find the best way to implement economic globalization.

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Analysing Nigeria’s Trade Policies: Evolution, Achievements, and Challenges

A. A.,

A.,

I. T.

et al. 2024

African Journal of Economics and Sustainable Development

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This paper examines the trajectory of Nigeria's trade policies from the pre-independence era to the present day, highlighting their benefits and challenges. Indeed, successive Nigerian governments have implemented various policies to reduce dependence on oil and gas, seeking to diversify the economy base. While noticeable gains have been recorded in the agricultural sector and domestic manufacturing capabilities, the need for improvement is equally not doubtful. There is the strong imperative for improvements in the value-chain of agriculture, enhancement of manufacturing capabilities and efficiency, and capital investments to boost the solid minerals sector. All of these are initiatives that must be considered if the country must develop pragmatic trade policies. The globalisation of trade has clearly shown that Nigeria must move beyond implementing trade policies that are protective of its domestic industries, but to adopt those that balance its economic growth and development objectives.

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Trade Policy, Infrastructural Development and Agricultural Sector Value Added in Nigeria

Cited by 3 publications

References 18 publications

Assessing the Impact of Trade Policies on Growth and Development of the Manufacturing and Agricultural Sectors in Nigeria

Assessing the Impact of Trade Policies on Growth and Development of the Manufacturing and Agricultural Sectors in Nigeria

How to improve agricultural value-added in the MENA region? Implementation of Diamond Porter's theory in agriculture

Analysing Nigeria’s Trade Policies: Evolution, Achievements, and Challenges

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