Impact of Agricultural Trade Policies on the Exportation of Agricultural Commodities in Nigeria

Abstract

This study focused on the impact of agricultural trade policies on the exportation of agricultural commodities in Nigeria. A total of three hundred and seventy (370) certified exporters of agricultural commodities (cocoa, cashew and ginger) were simple randomly selected for this study. Data was analyzed using descriptive statistics and regression analysis. Results showed that the major agricultural trade policy actions that positively impacted export commodity productivity and supply volume were Ancho Borrowers Programme (2.848), Duty free imports of agricultural equipment (2.632) and Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (2.572). Constraints faced by the exporters include high transportation costs, unfavorable weather condition, unfavorable government policy, and so on. Moreover, educational level, experience, source of farmland used for cultivation and source of seedlings were significantly related (p<0.01) with period when exporters supplied the highest volume of agricultural commodities. The study recommends that favourable policies to exporters of agricultural commodities should be enacted.

Keywords: Impact, trade, policies, agricultural commodities, economy

DOI: 10.7176/JESD/12-16-05

Publication date:August 31^st 2021