Budgetary Provision for Agriculture and Output Performance of Selected Crops in Nigeria(2000-2022)
Student: Chiamaka Stephanie Egbo (Project, 2025)
Department of Agricultural Economics
Federal University of Technology, Owerri, Imo State
Abstract
This study examined the budgetary provision for agriculture and output performance of selected crops in Nigeria-(2000-2022). It relied on secondary data obtained from the Central Bank of Nigeria (CBN) Annual Bulletin, Food and Agriculture Organization Corporate Statistical Database (FAOSTAT). To compute the annual compound growth rates of output of selected crops (Rice, cassava, and Yam) exponential equations in time were fitted to these data. To confirm acceleration, deceleration, and stagnation in growths quadratic equations in time variables were fitted to the output data the result showed that despite budgetary expenditure the selected crops (Yam, Rice, and cassava) reflect inconsistencies in funding or lack of complementary investments. The actual performance of rice, yam, and cassava was evaluated using descriptive statistics by comparing their average outputs to the average budgetary allocation from 2000-2022. The low performance in the crops indicates budgetary allocation does not effectively result in higher crop yield. To estimate the correlation between budgetary expenditure and the output of the selected crops. Correlation analysis was estimated to quantify the strength and direction of the relationship between budgetary expenditure and crop outputs. There was a positive correlation between budgetary expenditure and rice output, but negative correlations for yam and cassava. This implies that increases in budgetary allocations were associated with increases in rice output but decreases in yam and cassava outputs.
Keywords
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- UMA UKPAI SCHOOL OF THEOLOGY, UYO, AKWA IBOM STATE (AFFL TO UNIVERSITY OF UYO) 1
- Umaru Ali Shinkafi Polytechnic, Sokoto, Sokoto State 24
- Umaru Musa Yaradua University, Katsina, Katsina State 28
- Umca, Ilorin (Affiliated To University of Ibadan), Kwara State 1
- University of Abuja, Abuja, Fct 116
- University of Africa, Toru-Orua, Bayelsa State 4
- University of Benin, Benin City, Edo State 362
- University of Calabar Teaching Hospital School of Health Information Mgt. 1
- University of Calabar, Calabar, Cross River State 239
- University of Ibadan, Ibadan, Oyo State 14