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BOOSTING NON-OIL EXPORT REVENUE IN NIGERIA THROUGH NON-TRADITIONAL AGRICULTURAL EXPORT COMMODITIES: HOW FEASIBLE?

Evbuomwan, Grace O. and Olokoyo, F. O. and Adesina, Tolulope and Okoye, Lawrence U. (2020) BOOSTING NON-OIL EXPORT REVENUE IN NIGERIA THROUGH NON-TRADITIONAL AGRICULTURAL EXPORT COMMODITIES: HOW FEASIBLE? In: Agriculture Exportable Updated January 2020. Agriculture Exportable Updated January 2020.

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Abstract

Available data indicated that, some traditional agricultural export commodities like cocoa and rubber have remained on Nigeria’s agricultural export list, while others like groundnut and coffee have almost disappeared from the export list. In the same vein, non-traditional agricultural export commodities like sesame seed and cashew nuts have started featuring prominently on the export list. In line with theory, the econometric analysis carried out confirmed that a major policy change, which can provide a boost for agricultural exports, is the depreciation of the real exchange rate. For all the agricultural export commodities analyzed in the study, the coefficient of the exchange rate was positive and highly significant.

Item Type: Book Section
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 26 Nov 2021 12:11
Last Modified: 26 Nov 2021 12:11
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/15518

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