Abstract

Currently, food security is becoming a fundamental problem in the global macroeconomic dynamics for policymakers and governments in developing countries. Globally, food security offers challenges both from achieving Sustainable Development Goals (SDGs) targets and the welfare perspective of many poor households. As a result, this study is guided by Neo Malthusian and Access theories to investigate Food Security Sustainability: a Synthesis of the Current Concepts and Empirical Approaches for Meeting SDGs in Nigeria using ARDL and ECM techniques. The ARDL revealed that agricultural value-added and GDP positively affect food security for commercial agrarian investments in Nigeria. However, internal displacement, population growth, food inflation, and exchange rate volatility negatively affect sustainable food security in Nigeria. The model’s coefficient of ECMt−1 also shows negative (−0.0130 approximately) and statistically significant (0.0000) at 1%. Thus, the speed of adjustment requires 1.3% annually for the long-run equilibrium convergence to be restored. The study concludes that the SDGs targets for poverty and hunger reduction, mainly for food security sustainability alongside small producers by the year 2030, can be rarely achieved because the convergence to equilibrium is more than nine years. An active value-addition strategy for sustainable food security and the provision of humanitarian interventions are recommended.

Highlights

  • Global access to food and, in particular, developing countries like Nigeria has become an alarming concern since the emergence of the noble coronavirus pandemic (i.e., COVID-19).This is because of a great shortage of food supply chains and a significant loss of jobs.Low employment as a nexus to a decrease in income can influence the health and wellbeing of society, and this is a considerable targeting criterion

  • The ARDL is utilize along with ECM technique to assess both the long run and short-run relationship obtainable between variables and to appraise and compare the Food Insecurity Experience Scale (FIES) and FEWS analysis with the empirical results obtained in this study to offer a standpoint from the current point of attention to a new point of attention on the issues related to food security sustainability and food insecurity challenges in Nigeria

  • The following conclusions are drawn from the research findings: Firstly, a long-run cointegration relationship exists between agricultural food value-added production, internally displaced persons, Gross Domestic Product (GDP) per capita, population growth exchange rate fluctuations, and food inflation

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Summary

Introduction

Global access to food and, in particular, developing countries like Nigeria has become an alarming concern since the emergence of the noble coronavirus pandemic (i.e., COVID-19).This is because of a great shortage of food supply chains and a significant loss of jobs.Low employment as a nexus to a decrease in income can influence the health and wellbeing of society, and this is a considerable targeting criterion. Global access to food and, in particular, developing countries like Nigeria has become an alarming concern since the emergence of the noble coronavirus pandemic (i.e., COVID-19). This is because of a great shortage of food supply chains and a significant loss of jobs. The economic, social, and environmental sustainability of food value chains (FCVs) is an increasingly alarming challenge globally [1]. The food security pillars are categorized according to four key dimensions: availability, access, utilization, and stability [2]. Nicholson et al [3] discussed the common indicators of the food security pillars and their use in agricultural systems models

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