The Per Capita Meat Consumption: the Trend and Macroeconomic Determinants in Nigeria

Abstract

This study examined trends in per capita consumption of game meat, mutton, pork and total meat and provided evidence of their correlation with key macroeconomic factors in Nigeria. Data from FAOSTAT, the Central Bank of Nigeria (CBN) and the World Bank (WB) covering the period 1981 to 2021 were analyzed. The results showed that game meat, mutton, pork and total meat consumption per capita recorded compound annual exponential growth rates of -0.87%, 2.05%, 2.08% and -0.54%, respectively. The empirical results showed that the rate of inflation, the nominal exchange rate, GDP per capita, credit to the agricultural sector, and capacity utilization in the meat industry all had varying degrees of impact on per capita meat consumption (including game meat, mutton, pork and total meat) in both the short and long runs. In order to increase per capita meat consumption in the country, it is strongly recommended to effectively manage the identified macroeconomic variables and implement appropriate measures to stabilize inflation and the nominal exchange rate. At the same time, concerted efforts should be made to increase GDP per capita.