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Unraveling the Tragic Mystery Plummeting the Growth of Nigerian Livestock Sector

Year 2021, Volume: 10 Issue: 1, 49 - 63, 17.06.2021

Abstract

The present research determined the performance of Nigerian livestock sector using dated data that spanned from 1981 to 2019. The data were sourced from FAO, UNCTAD and Central Bank of Nigeria data banks; and, data analyses were achieved using both descriptive and inferential statistics. Based on the findings it was inferred that the livestock sector has efficient integration with the macro-economic indicators that prevailed in the economy. However, the degree of integration of the sector was inefficient despite the stability of the sector which owes to delay in the ability of the sector’s equilibrium to correct its disequilibrium. Furthermore, poor utilization of sector’s fund, high inflation, red-tapism and economic pilfering were the macro-economic indicators that affected the performance of the sector. The empirical evidences showed that the directions of the sector Gross domestic product (GDP) and production was influenced by the internal and external economics respectively. Thus, the study urge the policymakers to strengthen the internal mechanism that checkmate the utilization of the funds allocated to the sector and should encourage domestic production of agro-allied products so as to protect the economic from being vulnerable to foreign market shocks. Also, trade policies viz. export promotion of livestock products and stringent embargo on importation of livestock products should be enhanced, thus enhancing the stability of the sector’s economy.

References

  • Adams, O. K. (2016). Economic impact of livestock production on the society: A case study of IkareAkoko Ondo State. Journal of Agriculture and Veterinary Science, 9(12:I), 77-80.
  • Animal Care, (2020). The Nigerian livestock industry- a tragic mystery! (A Focus on dairy). Retrieved on 29/11/2020 from https://www.animalcare-ng.com/index.php.
  • Blay, J. K., Maiadua, S. U., Sadiq, M. S. (2015). Horizontal market integration and price transmission between maize, sorghum and millet in Dawanau market, Kano State, Nigeria: Evidence from non-linear vector error correction model. Global Journal of Agricultural Economics, Extension and Rural Development, 3(10), 330-337.
  • Engel, R. F., Granger, C. W. J. (1987). Co-integration and error correction: representation, estimation and testing. Econometrica, 55: 251-276. DOI: 1 0.2307/1913236.
  • Essiet, D. (2019). Boosting livestock sector growth. A publication of The Nation Newspaper on 29/11/2019. Retrieved on 29/11/2020 from https://thenationonlineng.net/boosting-livestock-sector-growth/.
  • FAO, (2019). Africa sustainable livestock 2050: The future of livestock in Nigeria. Opportunities and challenges in the face of uncertainty. Rom. Pp. 3-44. Available at http://www.fao.org/in-action/asl2050/countries/nga/en/Nigeria.
  • Federal Ministry of Agriculture and Rural Development (FMARD), (2017). Animal population data. Federal Ministry of Agriculture and Rural Development.
  • Federal Ministry of Budget and National Planning (FMBNP), (2017). Economic Recovery and Growth Plan 2017-2020. Ministry of Budget and National Planning. Available at https://yourbudgit.com/wp-content/uploads/2017/03/Economic-Recovery-GrowthPlan-2017-2020.pdf.
  • Granger, C. W. J. (1969). Investigating causal relations by econometric models and cross-spectral methods. Econometrica: Journal of the Econometric Society, 37(3), 424-438. DOI: 10.2307/1912791.
  • Kayode, P. A. (2020). Ensuring private-sector driven national livestock development policy for Nigeria. Retrieved on 29/11/2020fromhttps://accinigeria.com/ensuring-private-sector-driven-national-livestock-development-policy-for-nigeria/.
  • Makun, H. (2018). Dairy production systems in Nigeria. Presentation delivered at the Technical meeting of Africa Sustainable Livestock 2050, April 2018, Abuja.
  • Mojeed, A. (2019). Nigeria livestock industry worth N30 trillion. A publication of Premium Times Newspaper on 4/10/2019.
  • Ojiako, I. A.,Olayode, G.O. (2008). Analysis of trends in livestock production in Nigeria: 1970-2005. Journal of Agriculture and Social Research,8(1), 114-120. DOI: 10.4314/jasr.v8i1.2892.
  • Premium Times, (2016). Boosting livestock sector growth. Premium Times Newspaper.
  • Reddy, A. (2012). Market integration of grain legumes in India: The case of the chicken pea market. SAAR Journal of Agriculture, 10(12), 11-29. http://ssrn.com/abstract=1525728.
  • Sadiq, M. S., Singh, I. P.,Suleiman, A., Umar, S. M., Grema, I. J., Usman, B. I., Isah, M. A., Lawal, A. T. (2016). Extent, pattern and degree of integration among some selected cocoa markets in West Africa: An Innovative Information Delivery System. Journal of Progressive Agriculture, 7(2), 22-39.
  • Sadiq, M. S., Karunakaran, N., Singh, I. P. (2018). Integration of banana markets in India. ICTACT Journal on Management Studies, 4(2), 764-781. DOI: 10.21917/ijms.2018.0104.
  • Singh, I. P., Sadiq, M. S., Umar, S. M., Grema, I. J., Usman, B. I., Isah, M. A. (2016). Cointegration and causality: an application to GDP and major sectors of Nigeria. International Journal of Innovative Research and Review, 4(2), 40-53.
  • This Day Newspaper, (2020). Nigeria: Nigeria's livestock industry growing at 12.7% annually. A publication of This Day (Lagos) Newspaper on 17/6/2020.
  • Vanguard Newspaper, (2020). FAO tasks Nigeria on livestock sector investment for food and economic growth. A publication of Vanguard Newspaper. Retrieved from https://www.vanguardngr.com/2020/09/fao-tasks-nigeria-on-livestock-sector-investment-for-food-economic-growth/.

Unraveling the Tragic Mystery Plummeting the Growth of Nigerian Livestock Sector

Year 2021, Volume: 10 Issue: 1, 49 - 63, 17.06.2021

Abstract

The present research determined the performance of Nigerian livestock sector using dated data that spanned from 1981 to 2019. The data were sourced from FAO, UNCTAD and Central Bank of Nigeria data banks; and, data analyses were achieved using both descriptive and inferential statistics. Based on the findings it was inferred that the livestock sector has efficient integration with the macro-economic indicators that prevailed in the economy. However, the degree of integration of the sector was inefficient despite the stability of the sector which owes to delay in the ability of the sector’s equilibrium to correct its disequilibrium. Furthermore, poor utilization of sector’s fund, high inflation, red-tapism and economic pilfering were the macro-economic indicators that affected the performance of the sector. The empirical evidences showed that the directions of the sector Gross domestic product (GDP) and production was influenced by the internal and external economics respectively. Thus, the study urge the policymakers to strengthen the internal mechanism that checkmate the utilization of the funds allocated to the sector and should encourage domestic production of agro-allied products so as to protect the economic from being vulnerable to foreign market shocks. Also, trade policies viz. export promotion of livestock products and stringent embargo on importation of livestock products should be enhanced, thus enhancing the stability of the sector’s economy.

References

  • Adams, O. K. (2016). Economic impact of livestock production on the society: A case study of IkareAkoko Ondo State. Journal of Agriculture and Veterinary Science, 9(12:I), 77-80.
  • Animal Care, (2020). The Nigerian livestock industry- a tragic mystery! (A Focus on dairy). Retrieved on 29/11/2020 from https://www.animalcare-ng.com/index.php.
  • Blay, J. K., Maiadua, S. U., Sadiq, M. S. (2015). Horizontal market integration and price transmission between maize, sorghum and millet in Dawanau market, Kano State, Nigeria: Evidence from non-linear vector error correction model. Global Journal of Agricultural Economics, Extension and Rural Development, 3(10), 330-337.
  • Engel, R. F., Granger, C. W. J. (1987). Co-integration and error correction: representation, estimation and testing. Econometrica, 55: 251-276. DOI: 1 0.2307/1913236.
  • Essiet, D. (2019). Boosting livestock sector growth. A publication of The Nation Newspaper on 29/11/2019. Retrieved on 29/11/2020 from https://thenationonlineng.net/boosting-livestock-sector-growth/.
  • FAO, (2019). Africa sustainable livestock 2050: The future of livestock in Nigeria. Opportunities and challenges in the face of uncertainty. Rom. Pp. 3-44. Available at http://www.fao.org/in-action/asl2050/countries/nga/en/Nigeria.
  • Federal Ministry of Agriculture and Rural Development (FMARD), (2017). Animal population data. Federal Ministry of Agriculture and Rural Development.
  • Federal Ministry of Budget and National Planning (FMBNP), (2017). Economic Recovery and Growth Plan 2017-2020. Ministry of Budget and National Planning. Available at https://yourbudgit.com/wp-content/uploads/2017/03/Economic-Recovery-GrowthPlan-2017-2020.pdf.
  • Granger, C. W. J. (1969). Investigating causal relations by econometric models and cross-spectral methods. Econometrica: Journal of the Econometric Society, 37(3), 424-438. DOI: 10.2307/1912791.
  • Kayode, P. A. (2020). Ensuring private-sector driven national livestock development policy for Nigeria. Retrieved on 29/11/2020fromhttps://accinigeria.com/ensuring-private-sector-driven-national-livestock-development-policy-for-nigeria/.
  • Makun, H. (2018). Dairy production systems in Nigeria. Presentation delivered at the Technical meeting of Africa Sustainable Livestock 2050, April 2018, Abuja.
  • Mojeed, A. (2019). Nigeria livestock industry worth N30 trillion. A publication of Premium Times Newspaper on 4/10/2019.
  • Ojiako, I. A.,Olayode, G.O. (2008). Analysis of trends in livestock production in Nigeria: 1970-2005. Journal of Agriculture and Social Research,8(1), 114-120. DOI: 10.4314/jasr.v8i1.2892.
  • Premium Times, (2016). Boosting livestock sector growth. Premium Times Newspaper.
  • Reddy, A. (2012). Market integration of grain legumes in India: The case of the chicken pea market. SAAR Journal of Agriculture, 10(12), 11-29. http://ssrn.com/abstract=1525728.
  • Sadiq, M. S., Singh, I. P.,Suleiman, A., Umar, S. M., Grema, I. J., Usman, B. I., Isah, M. A., Lawal, A. T. (2016). Extent, pattern and degree of integration among some selected cocoa markets in West Africa: An Innovative Information Delivery System. Journal of Progressive Agriculture, 7(2), 22-39.
  • Sadiq, M. S., Karunakaran, N., Singh, I. P. (2018). Integration of banana markets in India. ICTACT Journal on Management Studies, 4(2), 764-781. DOI: 10.21917/ijms.2018.0104.
  • Singh, I. P., Sadiq, M. S., Umar, S. M., Grema, I. J., Usman, B. I., Isah, M. A. (2016). Cointegration and causality: an application to GDP and major sectors of Nigeria. International Journal of Innovative Research and Review, 4(2), 40-53.
  • This Day Newspaper, (2020). Nigeria: Nigeria's livestock industry growing at 12.7% annually. A publication of This Day (Lagos) Newspaper on 17/6/2020.
  • Vanguard Newspaper, (2020). FAO tasks Nigeria on livestock sector investment for food and economic growth. A publication of Vanguard Newspaper. Retrieved from https://www.vanguardngr.com/2020/09/fao-tasks-nigeria-on-livestock-sector-investment-for-food-economic-growth/.
There are 20 citations in total.

Details

Primary Language English
Subjects Zootechny (Other), Veterinary Surgery
Journal Section Research Article
Authors

Mohammed Sanusi Sadıq This is me 0000-0003-4336-5723

Invinder Paul Sıngh This is me 0000-0002-1886-5956

Muhammad Makarfi Ahmad This is me 0000-0003-4565-0683

Muhammad Lawal This is me

Publication Date June 17, 2021
Published in Issue Year 2021 Volume: 10 Issue: 1

Cite

APA Sadıq, M. S., Sıngh, I. P., Ahmad, M. M., Lawal, M. (2021). Unraveling the Tragic Mystery Plummeting the Growth of Nigerian Livestock Sector. Bahri Dağdaş Hayvancılık Araştırma Dergisi, 10(1), 49-63.