Article Sidebar
Published:
Aug 31, 2024Keywords:
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
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.
Main Article Content
Trend and Growth Rate Analysis of Agribusiness Small and Medium- Sized Enterprises’ Production and Export in Nigeria (1980-2022)
Abstract
The study delved into the trend and growth rate analysis of agribusiness small and mediumsized enterprises’ production and export in Nigeria (1980-2022). The specific objectives were to analyze the exponential trend; instantaneous and compound rates of growth and doubling time for compound growth rate of agribusiness small and medium-sized enterprises in Nigeria. Secondary data obtained from reputable institutions like the Central Bank of Nigeria annual reports and statement of accounts, Food and Agriculture Organization bulletins, United Nations and World Bank databases. National Bureau of Statistics and Small and Medium Scale Enterprises Development Agency of Nigeria were employed. Data were analyzed using trend analysis. Results showed that the estimated exponential growth equation for SMEs’ output and exportation in Nigeria showed that the time variable was positive and statistically significant at a 1% level within the period under review. The computed instantaneous and compound rates of growth in quantity produced and exported by agribusiness SMEs in Nigeria revealed a time trend slope coefficient of 0.312 and 0.221 for a given change in the quantity of agribusiness SME production and exportation, respectively. It was concluded that time is a major determinant of the quantity of agribusiness SME production and exportation within the period under review. Based on findings, the study recommended that these small and medium-sized agricultural enterprises ought to receive input subsidies and accessible loans to guarantee higher output and exports.
