Farmers’ Food Price Volatility and Nigeria’s Growth Enhancement Support Scheme

Forthcoming, African Journal of Science, Technology, Innovation and Development

31 Pages Posted: 29 Oct 2019

See all articles by Joseph I. Uduji

Joseph I. Uduji

University of Nigeria Enugu Campus

Elda N. Okolo-Obasi

Development Strategy Centre Nigeria

Simplice Asongu

African Governance and Development Institute

Date Written: October 20, 2019

Abstract

The prices of food in Nigeria have become considerably higher and more volatile since 2012. The aim of this research was to ascertain factors affecting farmers’ involvement in the growth enhancement support programme (GESS) in the country. We ascertained the effect of the GESS on the handiness of market information and agricultural inputs that impact on price volatility at farm gate level. In number, 600 rural farmers were sampled across the six geopolitical zones of Nigeria. Results obtained from the use of a bivariate probit model show that farmers relied on the GESS for resolving food price volatility by making available the food market information and agricultural inputs that cut down the incidence and degree of panic-compelled price increment in Nigeria. The findings suggested the need to enhance the GESS in line with the agricultural transformation agenda (ATA) by reducing the hindrances mostly connected to the use of mobile phones, and how far the registration and collection centers are.

Keywords: agricultural transformation agenda, bivariate probit model, food price volatility, growth enhancement support scheme, rural farmers, Nigeria

JEL Classification: O13; Q10; N27

Suggested Citation

Uduji, Joseph I. and Okolo-Obasi, Elda N. and Asongu, Simplice, Farmers’ Food Price Volatility and Nigeria’s Growth Enhancement Support Scheme (October 20, 2019). Forthcoming, African Journal of Science, Technology, Innovation and Development. Available at SSRN: https://ssrn.com/abstract=3472465 or http://dx.doi.org/10.2139/ssrn.3472465

Joseph I. Uduji

University of Nigeria Enugu Campus ( email )

Department of Accountancy
Box 15540, Enugu
Enugu, NC Enugu 234
Nigeria

Elda N. Okolo-Obasi

Development Strategy Centre Nigeria ( email )

84Nza Street Independence Layout Enugu
Enugu, 400001
Nigeria
08063631111 (Phone)
400001 (Fax)

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

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