CROP PRODUCTION AND EXPORT DIVERSIFICATION IN NIGERIA

Abstract

This research work examined the crop production and export diversification in Nigeria for the period of 1985 to 2019. Data were collected from secondary sources of Central Bank of Nigeria Statistical Bulletin, National Bureau of Statistics, and World Bank Development Indicator. The specific objective of the study is to examine the trends of Crop Production and Export Diversification and to determine the significance of Crop Production and Export Diversification in Nigeria. The study is hinged on theory of International Trade. The study employed Augmented Dickey-Fuller unit test, Johansen Co integration test and Ordinary Least Square technique to test the hypothesis. The result revealed that Fertilize Consumption, Agricultural machinery and tractor, Government expenditure on Agriculture exhibit a positive effect and significant relationship on export diversification in Nigeria while crop production and labor in agriculture exert a negative effect and significant relationship on export diversification. Based on the result, the study recommended among others that agricultural policy should be purpose driven towards the achievement of export diversification. This can be achieved by employing selective-sectoral agricultural policy measures in accelerating investment in various non-oil sectors of the economy.