Dynamics of Oil Palm Production; Evidence from Nigeria Import/Export Inter-relationships
The need to meet a growing global and domestic demand for palm oil, conserve foreign exchange, promote inclusive rural development, generate employment, and accelerate domestic infrastructural development necessitated investigating the dynamics of oil palm production, with evidence from Nigeria’s’ import/export inter-relationships. The study adopted secondary data, while Pearson Product Moment Correlation Coefficient was used to analyze the data. Descriptive statistics showed that after increasing Nigeria's oil palm fruit area harvested from 2.7million hectares in 1961 to 3.03million hectares in 2004, production increased from 0.67million tonnes to 0.91million tonnes. There is a positive and significant relationship (r=0.898; P<0.01) between the area of palm fruit harvested and palm oil production. A negative and significant relationship (r=-537; P<0.01) was observed between domestic palm oil production and import/export gap. The study concluded that a significant increase is needed in the area of palm fruit cultivated and harvested to reduce domestic import/export gap. The study recommends that the government should stimulate private investment in the sector, encourage the conglomerate of smallholder farmers and review the land tenure system.
NAJ supports free online communication and exchange of knowledge as the most effective way of ensuring that the fruits of research and development practice are made widely available. It is therefore committed to open access, which, for authors, enables the widest possible dissemination of their findings and, for readers, increases their ability to discover pertinent information. The Journal adopts and uses the CC: BY license and is open access. This license lets others distribute, remix, adapt, and build upon your work, even commercially, as long as they credit you for the original creation. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the Journal’s published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work. Copyright for articles published in this Journal is retained by the Journal.