IMPACT OF AGRICULTURE EXPORT ON EXCHANGE RATE IN NIGERIA (1986-2024)
Authors/Creators
- 1. Department of Agricultural Extension and management Audu Bako College of Agriculture Dambatta., Kano Sttae Nigeria
- 2. Department of Agricultural Technology, Audu Bako College of Agriculture Dambatta, Kano State, Nigeria
- 3. Department of Agricultural Sciences, Vivekananda Global University Jaipur Rajasthan India.
Description
his study analyzed the effect of exchange rate volatility on Nigeria’s agricultural exports using annual time series data
spanning 1986 to 2024. The Auto-Regressive Distributed Lag (ARDL) approach was applied for the analysis. The Bounds test for
cointegration established a long-run relationship among the variables. Long-run results showed a significant negative impact of the
exchange rate on agricultural exports. In the short run, the exchange rate had an immediate negative and significant effect, while
lagged exchange rates exhibited a significant positive impact. The study also identified that agricultural land, labor force, machinery,
bank loans to agriculture, and global agricultural commodity prices positively and significantly affect agricultural exports, whereas oil
prices exert a significant negative influence. Based on these results, the study recommends that the government adopt policies to
stabilize the exchange rate to boost the performance of Nigeria’s agricultural sector.
Files
MRSJEBM-0522025 Galley proof.pdf
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