Impact of Inflation on Agricultural Output in Nigeria

Owoh Jacinta Janet

Faculty of Business Administration Kampala International University Uganda

ABSTRACT

This study investigates the impact of inflation on agricultural output in Nigeria, a sector that plays a critical role in the nation’s economy. Despite Nigeria’s vast agricultural potential, inflation has been a persistent issue, affecting the cost of inputs, production processes, and market prices. By examining data from the past, this research aims to analyze how inflationary pressures influence agricultural productivity, farmer income, and food security. The study employs econometric models to assess the relationship between inflation rates and agricultural output, providing insights into policy measures that could mitigate adverse effects. The findings suggest that inflation has a significant negative impact on agricultural productivity, underscoring the need for stable economic policies to ensure sustainable agricultural growth.

Keywords: Inflation, Agricultural Output, Nigeria, Econometric Models, Food Security

CITE AS: Owoh Jacinta Janet (2024). Impact of Inflation on Agricultural Output in Nigeria. RESEARCH INVENTION JOURNAL OF CURRENT RESEARCH IN HUMANITIES AND SOCIAL SCIENCES 3(2):13-18.