COMPETITIVENESS OF THE FOOD CROP PRODUCTION SYSTEM IN NIGERIA: A POLICY ANALYSIS MATRIX APPROACH

Whenever there is market imperfection in an economy, governments usually intervene in form of policies or by initiating a program to check the anomaly. These sometimes can be excessive, untimely and inappropriate, which have implications on the competitiveness of a product and its substitutes. This...

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Bibliographic Details
Published inJournal of competitiveness studies Vol. 26; no. 3-4; p. 162
Main Authors Adesiyan, Oluwafunmilola F, Adesiyan, Adewumi T, Bamire, Adebayo Simeon, Coulibaly, Ousmane, Asiedu, Robert
Format Journal Article
LanguageEnglish
Published American Society for Competitiveness 22.09.2018
Subjects
Harvesting
International economic relations
Rice
Vegetable industry
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Summary:Whenever there is market imperfection in an economy, governments usually intervene in form of policies or by initiating a program to check the anomaly. These sometimes can be excessive, untimely and inappropriate, which have implications on the competitiveness of a product and its substitutes. This paper examines the competitiveness of the food crop production system in Nigeria using the Policy Analysis Matrix (PAM). Both primary and secondary data were collected from 700 respondents using a multi stage sampling technique. The results show that yam, rice and cassava production generate a positive private and social profit with the highest in cassava and lowest in yam production. Similarly, government interventions have had a negative effect of about 20%, 75% and 17% on prices of yam, rice and cassava, respectively below their world prices. This study concludes that the food production system is competitive and therefore profitable under the prevailing policy framework in Nigeria if value is added.
ISSN:2330-4103