Trend Analysis and Macroeconomic Variable Determinants of Egg Production in Nigeria

Sunday Akpan; Veronica S. Nkanta

doi:10.56430/japro.1174674

EN

Trend Analysis and Macroeconomic Variable Determinants of Egg Production in Nigeria

Abstract

The daily animal protein intake of an average Nigerian is far less than the World Health Organization recommended minimum standard. The egg is the cheapest and most affordable animal protein source in Nigeria, but its production has not been able to match the increasing demand capacity. Premised on the above facts and to identify ways to intensify egg production, the study was specifically designed to examine the trend in egg production and establish the relationship between egg production and selected macroeconomic fundamentals in addition to other variables in Nigeria. The study used time series data from the period 1961 to 2020. The data were sourced from the Food and Agricultural Organization (FAO), the World Bank, and the Central Bank of Nigeria. The Augmented Dickey-Fuller unit root test and ADF-GLS unit root test were used to confirm the stability of the series. The Engle-Granger two-step technique was used to test for the cointegration of the series. The empirical finding showed that the amount of credit disbursed to the agricultural sector, per capita income, and the quantity of maize and chicken meat produced are positive determinants of egg production in both long and short-run periods. In contrast, the consumer price index (inflation rate) relates negatively in both periods to egg production. To upsurge egg production in the country, it is recommended that more credit facilities be injected into the agricultural sector. At the same time, the inflation rate is maintained at a minimal rate in the country.

Keywords

Egg , Macroeconomics , Nigeria , Production , Trend

References

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Details

Primary Language

English

Subjects

Agricultural Engineering (Other)

Journal Section

Research Article

Authors

Sunday Akpan ^*
0000-0002-0458-028X
Nigeria

Veronica S. Nkanta
0000-0001-7035-7978
Nigeria

Publication Date

December 31, 2022

Submission Date

September 13, 2022

Acceptance Date

December 5, 2022

Published in Issue

Year 2022 Volume: 3 Number: 2

DOI

https://doi.org/10.56430/japro.1174674

IZ

https://izlik.org/JA55UF85AJ

APA

Akpan, S., & Nkanta, V. S. (2022). Trend Analysis and Macroeconomic Variable Determinants of Egg Production in Nigeria. Journal of Agricultural Production, 3(2), 100-109. https://doi.org/10.56430/japro.1174674

Trend Analysis and Macroeconomic Variable Determinants of Egg Production in Nigeria

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Anahtar Kelimeler

Trend Analysis and Macroeconomic Variable Determinants of Egg Production in Nigeria

Abstract

Keywords

References

Details

Primary Language

Subjects

Journal Section

Authors

Publication Date

Submission Date

Acceptance Date

Published in Issue

DOI

IZ

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