Volume 20 No 9 (2022)
Download PDF
Agricultural Value Chain Determinants And Sustainable Economic Growth In Nigeria
Desmond Okechukwu Echeta , Henry Okechukwu Chibueze , Arinze Amarachukwu C & Christian C Chima
Abstract
Beyond agricultural productivity, economies all over are now focusing on the operational connectivity issues linking
farmers with processors, retailers and other value chain syndicates. The hallmark is for sustainability in food
production, distribution and containing the effects of climate change. This is in line with the United Nations’ agenda
towards the achievement of Sustainable Development Goals (SDG) 2 and 13. All these have consequences on Urban
Regeneration and Sustainability on the global economy. Consequently, the study investigates Agricultural Value
Chain Determinants and Sustainable Economic Growth in Nigeria. It garnered time series from World Development
Index, Central Bank of Nigeria and National Bureau of Statistics on key variables of Sustainable Economic Growth,
Small and Medium Scale Enterprises, Trade openness to Agricultural, Insurance to the Agricultural Sector, Road
Transport Infrastructure, and Demand for Staple processed Food Products, Weather condition and Access to Digital
Technology. It deployed the Autoregressive Distributed Lag (ARDL) Bounds Co-integration test model for
estimation. Results reveal the following: there is a significant long run relationship existing between the dependent
variable and the independent variables of the model; Insurance to the agricultural sector and access to digital
technology in Nigeria were the most significant short run determinants of sustainable economic growth. The study
concluded thus: a long run relationship existing between the dependent variable and the independent variables of
the model implies good fortune for the economic prosperity of Nigeria. Demand for staple processed food products
which exerted significant positive long run influences on sustainable economic growth in Nigeria is clear indication
that growth trajectory with respect to agricultural value chain, can be enhanced through urban regeneration. It is
therefore recommended that government fiscal policy with respect to the agricultural sector should be sustained.
Keywords
Agriculture, Value Chain, Determinants, Sustainable Economic Growth
Copyright
Copyright © Neuroquantology
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the Neuroquantology are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJECSE right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.