Abstract
This study focused on the impact of agricultural trade policies on the exportation of agricultural commodities in Nigeria. A total of three hundred and seventy (370) certified exporters of agricultural commodities (cocoa, cashew and ginger) were simple randomly selected for this study. Data was analyzed using descriptive statistics and regression analysis. Results showed that the major agricultural trade policy actions that positively impacted export commodity productivity and supply volume were Ancho Borrowers Programme (2.848), Duty free imports of agricultural equipment (2.632) and Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (2.572). Constraints faced by the exporters include high transportation costs, unfavorable weather condition, unfavorable government policy, and so on. Moreover, educational level, experience, source of farmland used for cultivation and source of seedlings were significantly related (p<0.01) with period when exporters supplied the highest volume of agricultural commodities. The study recommends that favourable policies to exporters of agricultural commodities should be enacted. Keywords: Impact, trade, policies, agricultural commodities, economy DOI: 10.7176/JESD/12-16-05 Publication date: August 31 st 2021
Highlights
Due to oil boom in 1970s, attention was shifted to the oil sector while the role of agriculture in the economy of Nigeria was neglected
Based on the 4-point Likert scale used and the percentage results, it was discovered that the major agricultural trade policy actions that impacted export commodity productivity and supply volume of the respondents were Ancho Borrowers Programme in 2015 (2.848), followed by Unpeging of the Nigerian naira against the Dollar in 2016 (2.800), Duty free imports of agricultural equipment in 2012 (2.632), NIRSAL (Nigeria Incentive-Based Risk Sharing System for Agricultural Lending in 2013 (2.572) and Nigeria provides companies income tax holidays to pioneer status 2014 (2.518)
Level of education with a coefficient of 2.474 and significant denoted that there was a positive relationship with period when exporters supplied the highest volume of agricultural commodities
Summary
Due to oil boom in 1970s, attention was shifted to the oil sector while the role of agriculture in the economy of Nigeria was neglected. This led to the decline of exportation and increase in importation of agricultural products in the country (Ayinde et al, 2015). In the economy of Nigeria, agriculture has been the most significant distinct activity which provides around 70% of job opportunities to the people It is the major sector of the Nigerian economy which provides employment opportunities for a vital section of the labor force and constituting the backbone of the rural community of the country which justifies almost two-third of the populace (Ijirshar, 2015). In 2019, National Bureau of Statistics reported that agriculture contributed about 21.91% to the Gross Domestic Product (GDP) of the country (Plecher, 2020)
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