Abuja Journal of Agriculture and Environment (AJAE)

CENSORED ANALYSIS OF NON-DEBT AGRICULTURE FINANCING AND ITS EFFECT ON FOOD SECURITY IN NIGERIA FROM 1960-2017
Author(s): Maduekwe, I. M., Abu O. and Asogwa, B. C.
Volume/Issue: Volume 2 , Issue 1 (2022)

ABSTRACT:

This study examined non-debt agriculture financing and its effect on food security in Nigeria from 1960 to2017. The study employed time series annual data to achieve the objective. The unit root test was carried out with ADF and Philip Peron test of stationarity for time series data and normality test was also carried out to obtain distribution of the data. The model for the study was estimated using fully modified ordinary least square method, canonical co-integrating regression, dynamic ordinary least square method and autoregressive distributed lag method. The hypotheses were tested with F-test and t-test. The results showed that there is no long run relation between non-debt agriculture financing and food security. It revealed that agricultural public domestic investment (negative) and food security index in previous year(positive) significantly explain food security. It is therefore, recommended that the government alongside the organised private sector in agriculture should refocus efforts and policies towards targeting investment in food security strategies thereby supporting investment in land, research and development through education in order to increase the stock of knowledge that will creative incentives for food security. In conclusion, the non-debt agriculture financing in Nigerian did not stimulate agricultural domestic investment required to boost food security in Nigeria.

KEYWORDS:

Censored analysis, Non-debt Agriculture financing, food security