Growth Trend Analysis of Area, Production and Productivity of Oil Palm and Agricultural Policy Regimes in Nigeria (1970 – 2018)

Blessing Okiemute Akarue and Victor E. Ogbe
Keywords: Growth trend, Palm oil production, Agricultural policy regime, Nigeria
Journal of Inter-Disciplinary Studies on Contemporary Issues 2019 5(1/2), 60-80. Published: June 14, 2022


Abstract

Palm oil production is an important income generating activity in the agricultural sector and thus its implications for the livelihoods of rural people. The main objective of this study is to carry out a trend analysis of area, production and productivity of oil palm in Nigeria under three policy regime(Pre-Sap, Sap and Post-Sap).The study was guided by three objectives, three research questions and three hypothesis. were collected from CBN, NBS Statistical Bulletin, FAO, and World Bank. The time series data were examined using econometric models, graphs, growth models, and kinked exponential model. Using the kinked exponential methodology for growth estimation, the study reveals that the compound growth rates of palm oil production were 1.625%, -0.45% and 2.094% of the pre-SAP, SAP and Post SAP periods respectively. Regarding the differences in output, yield, and area harvested, the result reflected widening instabilities across the regime. Based on the findings, the oil palm production can be improved by the increase in productivity through increasing use of advisory services and provision of input supports to the farmers engaged in the oil palm cultivation.