Impact of Insecurity on Agricultural Sector Product in Nigeria

Abstract

Using the Ordinary Least Square (OLS), this study analyzes the impact of insecurity on agricultural sector product in Nigeria. Employing time series data from the World Bank, the Central Bank of Nigeria and the National Bureau of Statistics from 2010 to 2023, the study reveals that terrorism has negative impact on agricultural output in Nigeria. In order to mitigate the effect of insecurity, this study recommends some strategies which include the provision of employment, literacy, reduction in poverty, and cross-cultural integration, among others. Furthermore, all the tiers of government should embrace dialogue which is a veritable tool in promoting peace in every region in the country.

Keywords: Ordinary Least Squares (OLS), terrorism, Economic growth

JEL Code: C13, H56, O40

DOI: 10.7176/JESD/15-7-02

Publication date: September 30th 2024