Journal of Emerging Trends in Economics and Management Sciences: Home

Article Title:
Proper Funding and Marketing of Green Economy: A Way Out of Nigeria's Agricultural Woes
by Akpaeti, Aniekan J; Udo, Udoro J and Bassey, Nsikan E

Abstract:
Agricultural policy papers have highlighted the critical role of agriculture to economic prosperity and development. In spite of the numerous agricultural policies, the Nigerian agricultural sector has performed so poorly in terms of its contribution to the country?s GDP. Undoubtedly, green economy offers an alternative vision for correcting this dismal performance of the sector. To achieve this feat, proper funding and marketing becomes indispensable. Hence, this paper assesses the impact of proper funding and marketing on agricultural productivity through the development of green economy in Nigeria. Secondary data sourced from Central Bank of Nigeria; food and agricultural organization covering 1970-2010 were analyzed using co-integration, error correction and Granger Causality test techniques, the study found a positive and significant long run relationship between agricultural productivity (ARGDP), commercial bank credit to agriculture (CAG), total government expenditure on agriculture (TEA), consumer price index (CPI) and agriculture population (APOP) as well as a uni-Granger causality from TEA to ARGDP, CAG to TEA, CPI to APOP and TEA to APOP. It is recommended that concerted effort by all stakeholders are required to steer green agriculture on a sustainable production and productivity pathway through mobilization of funds and provision of an environmentally friendly alternative for Nigeria?s transition from a mono economy to a diversified green economy for effective and efficient use of resources by present and future generations for sustainable development.

Keywords: Agricultural Productivity, Funding And Marketing, Green Economy, Inorganic Fertilizer, Nigeria.

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