Agricultural Investment For Growth And Poverty Reduction In Nigeria
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Agricultural Investment For Growth And Poverty Reduction In Nigeria
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Author : Vida Alpuerto
language : en
Publisher:
Release Date : 2009
Agricultural Investment For Growth And Poverty Reduction In Nigeria written by Vida Alpuerto and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
The Comprehensive Africa Agriculture Development Program (CAADP) includes a target of 6 percent annual agricultural growth, supported by the allocation of at least 10 percent of the national budget for agriculture. The Nigerian government has set a higher growth target of 10 percent annual agricultural growth in the medium term, since the country has already achieved the 6 percent target. To achieve such rapid agricultural growth in the next eight years (until 2017), improvements in factor productivity beyond land expansion may be needed, as well as increases in public spending to support the process. This brief assesses the amount, growth, and efficiency of public spending required for Nigeria to reach the agricultural growth target it has established in order to achieve the first Millennium Development Goal (MDG1) of poverty reduction.
Agricultural Growth And Investment Options For Poverty Reduction In Nigeria
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Author : Xinshen Diao
language : en
Publisher:
Release Date : 2010
Agricultural Growth And Investment Options For Poverty Reduction In Nigeria written by Xinshen Diao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
This study uses an economy-wide, dynamic computable general equilibrium (DCGE) model to analyze the ability of growth in various agricultural subsectors to accelerate overall economic growth and reduce poverty in Nigeria over the next years (2009-17). In addition, econometric methods are used to assess growth requirements in agricultural public spending and the relationship between public services and farmers' use of modern technology. The DCGE model results show that if certain agricultural subsectors can reach the growth targets set by the Nigerian government, the country will see 9.5 percent annual growth in agriculture and 8.0 percent growth of GDP over the next years. The national poverty rate will fall to 30.8 percent by 2017, more than halving the 1996 poverty rate of 65.6 percent and thereby accomplishing the first Millennium Development Goal (MDG1). This report emphasizes that in designing an agricultural strategy and prioritizing growth, it is important to consider the following four factors at the subsectoral level: (i) the size of a given subsector in the economy; (ii) the growth-multiplier effects occurring through linkages of the subsector with the rest of the economy; (iii) the subsector-led poverty reduction-growth elasticity; and (iv) the market opportunities and price effects for individual agricultural products. In analyzing the public investments that would be required to support a 9.5 percent annual growth in agriculture, this study first estimates the growth elasticity of public investments using historical spending and agricultural total factor productivity (TFP) growth data. The results show that a 1 percent increase in agricultural spending is associated with a 0.24 percent annual increase in agricultural TFP. With such low elasticity, agricultural investments must grow at 23.8 percent annually to support a 9.5 percent increase in agriculture. However, if the spending efficiency can be improved by 70 percent, the required agricultural investment growth becomes 13.6 percent per year. The study also finds that investments outside agriculture benefit growth in the agricultural sector. Thus, assessments of required growth in agricultural spending should include the indirect effects of nonagricultural investments and emphasize the importance of improving the efficiency of agricultural investments. To further show that efficiency in agricultural spending is critically important to agricultural growth, this study utilizes household-level data to empirically show that access to agricultural services has a significantly positive effect on the use of modern agricultural inputs.
Transforming Agribusiness In Nigeria For Inclusive Recovery Jobs Creation And Poverty Reduction
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Author : Elliot Mghenyi
language : en
Publisher: World Bank Publications
Release Date : 2022-02-08
Transforming Agribusiness In Nigeria For Inclusive Recovery Jobs Creation And Poverty Reduction written by Elliot Mghenyi and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-08 with Business & Economics categories.
Nigeria has for decades placed enormous emphasis on diversifying its economy beyond oil and into sectors such as agribusiness and manufacturing. Lack of progress on the diversification agenda could be blamed on weak implementation and misalignment of public spending, but it also reflects more profound underlying issues. For example, declarations that any particular sector should drive diversification without offering clarity on specific investment priorities and expected outcomes will not persuade budget holders to allocate development resources. The lack of clarity also deprives policy makers and practitioners of the information, inspiration, and conviction to develop and execute sector plans that could operationalize diversification. Transforming Agribusiness in Nigeria for Inclusive Recovery, Jobs Creation, and Poverty Reduction: Policy Reforms and Investment Priorities aims to provide that clarity by illustrating the potential of the agribusiness sector to accelerate inclusive growth, create jobs, and reduce poverty. Building on an early finding that this sector provides the best prospects for inclusive growth and more and better jobs, the book identifies the specific agricultural value chains with the highest potential to create jobs, reduce poverty, and improve nutrition outcomes. The findings demonstrate, however, that the value chains with the most potential to pursue one policy objective are not necessarily as effective for other objectives, clearly calling for selectivity of value chains, depending on policy objectives. The book also estimates the level of growth required to meet specific jobs targets and finds that the growth burden is lower when on-farm and off-farm segments of agribusiness grow in tandem and higher if either segment stagnates. It concludes that a whole-of-agribusiness approach that emphasizes coordinated investments between on-farm and off-farm segments is needed to enable the sector to meet its potential in creating jobs and generating inclusive growth.
Subnational Public Expenditures Short Term Household Level Welfare And Economic Resilience Evidence From Nigeria
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Author : Takeshima, Hiroyuki
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2021-10-19
Subnational Public Expenditures Short Term Household Level Welfare And Economic Resilience Evidence From Nigeria written by Takeshima, Hiroyuki and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-19 with Political Science categories.
Public expenditures (PE) are critical for key public sector functions that contribute to development and welfare improvements, including the provisions of necessary public goods and the mitigation of market failures. PE in social sectors, such as health, education, and social welfare, and in agriculture have been increasingly recognized as potentially important for income growth, poverty reduction, fostering increased private investment, improved nutritional outcomes, and greater economic resilience. Furthermore, the importance of the impact of subnational PE on these outcomes has also been recognized, as appropriately decentralized PE systems can potentially achieve greater effectiveness by enabling public sector support that is tailored more to local needs. However, direct evidence of these developmental effects of decentralized PE in developing countries like Nigeria has been relatively limited. This study attempts to fill this knowledge gap by estimating the effects of shares of total subnational PE for agriculture, health, education, and social welfare, as well as PE size, on household-level outcomes using nationally-representative panel household data and both local government area and higher state-level PE data for Nigeria. We find that greater shares of total PE for agriculture, health, and social welfare, conditional on PE size, generally have positive effects on consumption, poverty reduction, and non-farm business capital investments. A greater share of total PE for agriculture benefits a broader range of outcomes than do greater shares of total PE for health and social welfare. These include improving certain nutritional outcomes, like household dietary diversity across seasons, and economic flexibility between farm and non-farm activities, which may be particularly important for building resilience in today’s rapidly changing socioeconomic environment due to shocks, including COVID19. Such multi-dimensional benefits of greater PE for agriculture are particularly worthy of attention in countries like Nigeria, which have historically allocated a lower share of total PE to agriculture than to health and other social welfare sectors and a lower share of total PE to agriculture compared to that allocated to agriculture in similar countries in Africa and elsewhere.
Agricultural Growth And Investment Options For Poverty Reduction In Uganda
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Author : Samuel Benin, James Thurlow, Xinshen Diao, Allen Kebba, and Nelson Ofwono
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
Agricultural Growth And Investment Options For Poverty Reduction In Uganda written by Samuel Benin, James Thurlow, Xinshen Diao, Allen Kebba, and Nelson Ofwono and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.
Options For Agricultural Growth For Poverty Reduction In Nigeria
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Author : Xinshen Diao
language : en
Publisher:
Release Date : 2009
Options For Agricultural Growth For Poverty Reduction In Nigeria written by Xinshen Diao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This study analyzes growth options in agricultural sub-sectors to accelerate overall economic growth and reduce poverty in Nigeria in the next nine years (2009-17) using an economy-wide, dynamic computable general equilibrium (DCGE) model. The model results show that if the individual agricultural subsectors' growth targets set by the Nigerian government can be achieved, the country will have 9.5 percent of agricultural annual growth and 8.0 percent of GDP growth in the next 10 years. The national poverty rate will fall to 30.8 percent by 2017, more than halving 1996's poverty rate of 65.6 percent, thereby accomplishing the objective for MDG1. The report emphasizes that in designing an agricultural strategy and in prioritizing growth, it is important to consider the following four factors at the subsector level: (i) the size of a subsector in the economy, (ii) growth multiplier effect through linkages of a subsector with the rest of the economy, (iii) poverty reduction - growth elasticity effect through growth primarily led by a subsector, and (iv) market opportunities and price effect for individual agricultural products.
Agricultural Growth And Investment Options For Poverty Reduction In Rwanda
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Author : Xinshen Diao
language : en
Publisher:
Release Date : 2007
Agricultural Growth And Investment Options For Poverty Reduction In Rwanda written by Xinshen Diao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Agriculture categories.
Impacts Of Ifpri S Priorities For Pro Poor Public Investment Global Research Program
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Author : Renkow, Mitch
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2011-02-08
Impacts Of Ifpri S Priorities For Pro Poor Public Investment Global Research Program written by Renkow, Mitch and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-08 with Social Science categories.
This report assesses the impact of the International Food Policy Research Institutes (IFPRI) Global Research Program on Priorities for Public Investment in Agriculture and Rural Areas (GRP-3). Initiated in 1998, the stated objectives of the research program were (1) to increase public investment for rural areas and the agricultural sector given that there is an underspending in the sector and (2) to better target and improve efficiency of public resources to achieve these growth and poverty reduction goals, as well as other development goals. GRP-3 evolved out of research on the impacts of alternative types of public spending on income and poverty outcomes in India and China that was conducted by staff of IFPRIs Environment and Production Technology Division (later the Development Strategy and Governance Division). Those studies indicated that public investments in infrastructurein particular, investments in roads, agricultural research and development (R&D), and educationyielded sizeable marginal benefits in terms of poverty alleviation and income generation in rural areas. This line of research was later expanded to encompass a number of countries in Africa and, to a lesser extent, Southeast Asia and the Middle East. A second major (and ongoing) thrust of the program is to support African governments in establishing public investment priorities and strategies for promoting rural economic growth and poverty alleviation. Major activities undertaken include providing analytical and institutional support to the Comprehensive Africa Agriculture Development Programme (CAADP) and evaluations of individual publicly-funded programs in several African countries. GRP-3 has generated an impressive array of published outputs. The great bulk of these emerged from the research conducted in India and China. A much smaller number of published outputs have been generated by the (more recently conducted) research in Africa; however, a substantial number of papers, book manuscripts, and monographs are in various stages of the publication process. Other important program outputs include a variety of public expenditure databases suitable for assessing the nature and effects of individual countries spending priorities. GRP-3 research has had substantial influence on public expenditure priorities in India and China. Most notably, published research in India played a key role in the institution of the Rural Roads Program that directed huge sums toward construction of roads connecting large numbers of previously unserved villages. Quantitative assessment of the positive impacts from these road investments indicates that IFPRI research can reasonably take substantial credit for lifting tens of thousands of individuals out of poverty and increasing agricultural GDP by billions of rupees. Additionally, in both China and India, GRP-3 research has influenced recent policy conversations that have led to increased spending on agricultural R&D and education. Overall, the program has substantially met its stated objectives in Asia. GRP-3 research in Africa has yet to fully meet the programs objectives, in large part because the policymaking process in the countries where IFPRI has been active are still not far enough advanced for the research outputs to have translated into actual policies. Still, some important outcomes have emerged: The work IFPRI has conducted in support of CAADP has successfully shepherded 19 countries through the Compact process. However, the Compacts are intermediate products; it remains to be seen the extent to which governments follow through on the plans contained within them. IFPRIs compilations of disparate public expenditure data in a large number of countries represent a useful local public good for use by research and practitioner communities outside of IFPRI. In addition, IFPRIs role in guiding the formation and operation of a regional strategic assessment and knowledge support system (ReSAKSS) has boosted, if not created, institutional capacity for future monitoring and evaluation activities. Research on the impact of public investments in the agricultural sector has been useful to the donor community by providing empirical backstopping for ongoing policy dialogues with governments. However, the difficultand often contentiouspolitical environment in which those dialogues occur has meant that policy outcomes are still materializing (and far from certain).
Poverty Reduction And The Nigeria Agricultural Sector
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Author : F. Okunmadewa
language : en
Publisher:
Release Date : 2002
Poverty Reduction And The Nigeria Agricultural Sector written by F. Okunmadewa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Agriculture categories.
Nigeria Transforming Agribusiness For Inclusive Recovery Jobs Creation And Poverty Reduction
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Author : Chidozie Anyiro
language : en
Publisher:
Release Date : 2021
Nigeria Transforming Agribusiness For Inclusive Recovery Jobs Creation And Poverty Reduction written by Chidozie Anyiro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Modern economic policy making in Nigeria has placed enormous emphasis on diversification of the economy to non-oil productive sectors. With the aim to restore economic growth following the 2015-16 recession and lay the foundations for long-term structural change, the economic growth and recovery plan (ERGP) recognized the need to diversify the economy to non-oil productive sectors such as agriculture and agro-allied industries, in order to build an economy that can generate inclusive growth and create jobs. This report aims to improve understanding of the potential of the agribusiness sector (primary agriculture plus off-farm agribusiness) to accelerate inclusive recovery from the 2020 recession, create jobs, and reduce poverty. A key early finding of the report is that the agribusiness sector is critical to accelerating inclusive recovery and creating jobs. The report builds on this evidence to identify the specific value chain groups that have most potential to create jobs, reduce poverty, and improve nutrition outcomes. Next, the report offers to highlight the complex set of factors that mediate the performance of agricultural value chains, distinguishing between issues that pertain to upstream primary agriculture, those that affect downstream off-farm agribusiness and cross-cutting challenges. The agribusiness enabling environment takes center stage in this part of the report, focusing on policy reforms around seed regulations, fertilizers quality control, warehouse receipts, and agricultural trade. Finally, the report takes deep dives to identify reforms to increase competitiveness in the value chains that were found to have the most potential to create jobs, reduce poverty, and improve nutrition outcomes.