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|Language of final thesis:||English|
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|Title of the thesis:||Effects of International Trade on the Development of Agriculture in Nigeria|
|Summary:||Historically, agriculture has dominated the economy of Nigeria. Even though crude oil accounts as the largest source of government revenues and budget financing, agriculture is still the backbone of Nigerias growth and development. For instance, agriculture serves as a catalyst for employment, the largest non-oil exports, and a major contributor to real GDP. Thus, the importance of agriculture in the country cannot be overemphasised. Against this background, this present research determines both internal and external factors that are either contributing to or militating agricultural development in Nigeria, using OLS, Granger Causality, IRF and VDA approaches as well as descriptive techniques. The results suggest that agricultural export-led economic growth in Nigeria. Further results reveal that trade openness, exports, fertiliser application, area harvested, domestic consumption, world price and agricultural ODA explain the variation in agricultural performance in the country. Also, the results suggest an inverse relationship between the trade openness and economic growth as well as between openness, import, loans and agricultural performance in the country. Arguably, agricultural export could spur growth, but over-reliance on the processed imports as postulated by the dependency theories may hurt producers and the overall sustainable agricultural development in Nigeria.
Nigeria should take advantage of its tropical climates and wide areas of arable land in producing a broad range of agrarian commodities that it has a comparative for domestic consumption and export as postulated by trade theories. For Nigeria to protect and encourage small-scale producers and traders, and experience self-sufficiency, positive trade balance in food and agriculture, and overall agricultural development, large scale farming and agro-processing should be promoted while the imports of commodities that the country could cheaply produce should be discouraged. The country should also encourage a stable domestic and foreign investment in agriculture; provide critical infrastructure and modern farm technologies, educate producers and traders on food safety, international standards and requirements.
|Key words:||agriculture, comparative advantage, constraint|
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