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Analysis of Agricultural-Subsector Contribution through Economic Development of Nigeria 1981-2020 Raufu, Mufutau; Fajobi, Deborah Tosin; Adesiyan, Israel; Miftaudeen-Raufu, Abdussalam; Shafa'tu , Nabage; Babatunde, Oluwakemi
Pancasila International Journal of Applied Social Science Том 3 № 01 (2025): Pancasila International Journal of Applied Social Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/pancasila.v3i01.1241

Abstract

Stagnation in agriculture is the principal explanation for poor economic performance in many developing economies of the world, and rising agricultural productivity is the core reason for successful industrialization. The study analyzed the contribution of agricultural subsector to the economic development of Nigeria. Secondary data were sourced from various issues of Central Bank of Nigeria (CBN) annual reports and statement of account, Statistical Bulletin between 1981 – 2020. The study employed a unit root test for stationarity, cointegration test of long-run relationship to avoid spurious regression, Ordinary Least Square to investigate the impact of all the independent variables (Agricultural subsectors) on the dependent variable (GDP). The Granger causality test was used to test the causal relationship between the time series data. The null hypothesis for the unit root and cointegration were rejected. The result of the regression analysis showed a good fit with high R2, and some of the variables were significant. Some of the variables have unidirectional causality between each other, but there is no causal relationship between some of them. The study recommends that forest resources should be better harnessed to contribute more to the nation's gross domestic product. Also, the use of improved livestock breeds should be encouraged to improve their output further.
Agricultural Credit Guarantee Scheme Funds and Agricultural Performance in Nigeria Raufu, Mufutau; Fajobi, Deborah Tosin; Dlamini-Mazibuko, Bongiwe; Miftaudeen-Raufu, Abdussalam; Olalere, Jamiu
International Journal of Multidisciplinary Approach Research and Science Том 3 № 01 (2025): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v3i01.1190

Abstract

This study examines the significance of the Agricultural Credit Guarantee Scheme (ACGS) funds in improving agricultural performance in Nigeria. The study uses descriptive statistics and trend analysis to analyze the relationship between ACGS funds and agricultural output in Nigeria, assessing its impact on crop production, livestock, and fishery sectors. The study utilized a quantitative research design to investigate the effect of agricultural credit guarantee scheme funds on agrarian performance in Nigeria. Time series data spanning a period of 41 years (1981-2021) was collected from secondary sources, specifically the National Bureau of Statistics (NBS) and the Central Bank of Nigeria (CBN). The data collected included variables such as gross domestic product (GDP) as a proxy for agricultural performance and the total volume and number of loans issued for cash crops, food crops, and mixed farming as proxies for ACGSF disbursements. This study's findings revealed that Nigeria's Agricultural Credit Guarantee Scheme Fund (ACGSF) has had a significant impact on the agriculture sector, particularly in livestock, crops, and fisheries. The fund experienced a low level of funding before 1999 but increased significantly after the advent of democracy, focusing on agriculture. Livestock and crop production had the highest loan guarantee funding in 2014, while fisheries peaked in 2009. Using the Augmented Dickey-Fuller approach, all variables were found to be stationary at the levels, and some were found to be stationary at the first difference. None of the variables were stationary at the second difference. The estimated F-ratios for Livestock, Crop, and Fishery were 49.71, 190.38, and 122.45, respectively, indicating that the agricultural credit guarantee significantly influences all sectors' output. The adjusted R2 values for Livestock, Crop, and Fishery were 82.97%, 94.67%, and 75.69%, respectively, indicating a good fit for the regression models. The regression results reveal a positive relationship between the GDP of Livestock and cattle and other livestock, with other livestock being significant at the 1% level. The GDP of Fishery also shows a positive significant relationship with ACGSF Fishery. The recommendation is to increase investment in livestock, crop, and fishery sectors to diversify the economy, improve GDP, and reduce dependency on other countries. Loans should be available to qualified individuals as soon as due by participating banks, and more funds should be made available to cash crops and other sectors to earn more foreign exchange. Increased publicity about the scheme is recommended.
Barriers to the Adoption of Climate Smart Agricultural Practices among Female Farmers in Ondo State, Nigeria Jubreel, Olasunbo Kafilat; Ogunleye, Kehinde Yewande; Ayoade, Adenike Rebecca; Ojediran, Janet Temitope; Fajobi, Deborah Tosin; Adeomi, Damilola Toluse
Pancasila International Journal of Applied Social Science Том 3 № 02 (2025): Pancasila International Journal of Applied Social Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/pancasila.v3i02.1456

Abstract

The study examined the barriers to the adoption of climate smart agricultural practices(CSAP) among female farmers in Ondo State, Nigeria. A Multi-stage sampling procedure was used to randomly select one hundred and twenty respondents for the study. Primary data were collected from the respondents with aid of a structured questionnaire and analysed using descriptive statistics and inferential statistics. The results of this study showed the mean age of the women to be 46.68 ± 12.85. Majority (90%) of the women were married. It was also indicated from the findings of the study that the level of adoption of CSAP was generally low (34% adopters). Lack of credit facilities (x=2.93), limited decision making power (x=2.87) and lack of support and guidance by extension agents were the major barriers faced by the women farmers. Result of the Chi square analysis revealed that marital status (p=0.06) had a significant relationship with the barriers to adoption of CSAP of the women farmers. Based on the findings of the study, it was recommended that collaboration between female and male farmers especially spouses in the study area should be encouraged to facilitate adoption of CSAP by the women farmers. Government should encourage women to adopt CASP, through access to financial aids. More works in terms of extension visit, training and sensitization on CSAP should be encouraged by government and relevant agencies like the National Council on Climate Change (NCCC) and the ministry of agriculture.
Factors Affecting Income Generation From Cashew Nut Marketing among Marketers in Ogbomoso Agricultural Zone, Oyo State, Nigeria Adeomi, Damilola Toluse; Akindele, Temitope Joshua; Fajobi, Deborah Tosin; Jubreel, Olasunbo Kafilat; Ojediran, Temitope Janet; Ajibesin, Gbohunmi Damisola
Pancasila International Journal of Applied Social Science Том 3 № 03 (2025): Pancasila International Journal of Applied Social Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/pancasila.v3i03.1760

Abstract

The study seeks to investigate factors influencing income generation among cashew nut marketers in Ogbomoso Agricultural Zone, Oyo State. Ninety cashew nut marketers were chosen for the study using a multistage sample procedure, and the data were obtained from the marketers with the aid of a well-structured questionnaire. The data collected were analyzed using descriptive and inferential statistics. From the result, majority of the respondents (88.9%) are male, and 36.7% are middle-aged and active. Additionally, the results indicated that the majority of respondents (91.1%) were married with household size of up to five members.  It was observed that most (37.8%) of the respondent had up to Tertiary education with 97.8% of the respondents taking cashew nut marketing as their primary occupation. Age, marketing experience, transportation and purchase costs were significant factors affecting income generation among cashew nut marketers. The results showed that cashew nut marketers were faced with a number of challenges including low demand, lack of market information, coordination problems, seasonality in supply and demand, and transportation problems.