Does Foreign Direct Investments Impact Agricultural Output in Nigeria? An Error Correction Modelling Approach

This study measures the impact of foreign direct investment on agricultural output in Nigeria. It opines that foreign direct investment is one of the viable techniques of financing development in developing countries. To achieve our objective, the study used times series data spanning a period of 34 years for several variables from credible sources. The method of analysis used was Error correction model. The study found an insignificantly positive effect of foreign direct investment on agricultural output in the short-run but found a significant effect on agricultural output in the long-run. Furthermore, the study found a significant effect of employment, exchange rate, and interest rates on agricultural output in the long-run. It is recommended that deliberate polices must be quickly enacted to reduce interest rates for farm purposes, encourage labour availability in agriculture and stabilize exchange rates within the Nigerian economy. These way foreign investors will be encouraged to import their capital for agricultural production activities now which will be a guarantee for a significant impact of foreign direct investment on agricultural output in the long run

Analysis of the Effects of Climate Change on Crop Output in Nigeria

This study investigates the effects of climate change factors and non-climate change factors on crop output in Nigeria. Empirical research approach was adopted with the use of secondary sources of time series annual data obtained from reputable sources for the period 1980-2013. Error Correction Mechanism was used for the analysis. It was found that in the short run, only rainfall tested significantly positive to crop output among the climate change factors but there is evidence of significant effects of all climate change factors on crop output in the long-run. For example, temperature, carbon dioxide emission, carbon emission and rainfall were tested significantly to crop output. Furthermore, non-climate change factors like economically active population, gross capital formation, and land area equipped for irrigation were significantly positive to crop output. To forestall the effects of climate change on crop output, the study recommends that policy makers should formulate policies that will aid farmers towards adaptation practices in farming that can mitigate the effects of climate change. Furthermore, governments and other relevant agencies should also design programmes that can motivate the masses to increase their involvement in crop production