Effect of Price Variation on Maize Production in Nigeria from 1991 to 2022
Student: Elo Praise Esigie (Project, 2025)
Department of Agricultural Economics
Ladoke Akintola University of Technology, Ogbomoso, Oyo State
Abstract
This study examines the effect of price variation on maize production in Nigeria from 1991 to 2022. The objectives include analyzing the trend of maize production, assessing long-run and short-run relationships between maize output and determinants, and identifying key influencing factors. Descriptive statistics and unit root tests established variable stationarity, while ARDL and Error Correction Model (ECM) captured both long- and short-term dynamics. Results show significant variability among variables; maize production rose until 2010 then became volatile. The ARDL bounds test confirmed a long-run relationship between production, producer price, harvested area, exchange rate and inflation. The study concludes that maize production is significantly influenced by price changes, inflation, exchange rate and land area. It recommends stabilizing economic conditions and reducing price volatility to enhance output and food security.
Keywords
For the full publication, please contact the author directly at: eloesigie@gmail.com
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Institutions
- Sokoto State University, Sokoto, Sokoto State 42
- St. Albert The Great Major Seminary, Abeokuta. (affl. To University of Benin) 1
- Sule Lamido University, Kafin Hausa, Jigawa State 4
- Tai Solarin University of Education, Ijagun, Ogun State 18
- Tansian University, Oba, Anambra State 1
- Taraba State University, Jalingo, Taraba State 32
- Temple-Gate Polytechnic, Osisioma, Abia State 1
- The Oke-Ogun Polytechnic, Saki, Oyo State 6
- The Polytechnic, Ibadan, Oyo State 13
- THOMAS ADEWUMI UNIVERSITY, OKO-IRESE, KWARA STATE 1