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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Institutions
- Covenant Polytechnic, Aba, Abia State 1
- Covenant University, Canaan Land, Ota, Ogun State 4
- Crawford University of Apostolic Faith Mission Faith City, Igbesa, Ogun State 2
- Crescent University, Abeokuta, Ogun State 1
- Cross Rivers University of Technology, Calabar, Cross Rivers State 142
- Delta State Polytechnic, Ogwashi-Uku, Delta State 11
- Delta State Polytechnic, Otefe, Delta State 12
- Delta State University, Abraka, Delta State 138
- Ebonyi State University, Abakaliki, Ebonyi State 17
- Edo University, Iyamho, Edo State 10