Oil Dependency and National Food Security: A Case for Nigeria

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Oil Dependency and National Food Security: A Case for Nigeria "
Akaakar, Alexandra

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1051700
Doc. No	:	TL50817
Main Entry	:	Akaakar, Alexandra
Title & Author	:	Oil Dependency and National Food Security: A Case for Nigeria\ Akaakar, Alexandra
College	:	Southern Illinois University at Carbondale
Date	:	2019
Degree	:	M.S.
student score	:	2019
Note	:	48 p.
Abstract	:	Food insecurity is a condition of insufficient access to quality nutritious food; it is often rooted in shocks that interrupt the food production/distribution system in an area. Amidst the capabilities of Nigeria's agricultural system, the number of households across Nigeria experiencing food shortages has increased rapidly. The main reason for this increase were price shocks. This incident highlighted a huge vulnerability in Nigeria's food system, the vulnerability to price shocks. Incidences such as poverty and conflicts magnify the frequency of food insecurity. The ability to reduce vulnerabilities while addressing existing issues in food production and supply depends on a stable economy and innovative policy. As a major oil exporter, Nigeria's economy is affected by oil price fluctuations. This paper analyses the extent of the effect and how such volatility could increase vulnerability in the food system. The analysis in this treatise examines economic and agricultural factors to identify trends that negatively affect Nigeria's current food system.. Oil prices were significant in explaining variation in food price shocks and Gross Domestic Product (GDP). Food price shocks are one of the symptoms of economic downturns. Agricultural innovation, and economic policies need to be formulated to prevent such shocks in the future. Given the dependency of economic performance on oil prices, a major move would be to diversify the Nigerian economy; with adequate attention being paid to agriculture. This research is presented in five chapters. Chapter one is an Introduction to the food security problem in Nigeria. Chapter Two is a literature review that explores Nigeria’s agricultural development and socioeconomic factors that compromise food security. Chapter three renders data analysis using graphs and two econometric models to analyze the relationship between the Nigerian economy, food security and oil prices. Chapter Four is devoted to a critical appraisal of the multidimensional problem of food security. The discourse concludes with Chapter Five summarizing findings, recommendations and conclusion.
Descriptor	:	Agricultural economics
	:	Sub Saharan Africa studies
Added Entry	:	Southern Illinois University at Carbondale