The effect of the Structural Adjustment Program on the output, prices and exports of major agricultural export crops in Nigeria

Njoku, J.E.; Ofiabulu, E.C.

Journal of International Food and Agribusiness Marketing 3(4): 69-84

1991


DOI: 10.1300/j047v03n04_06
Accession: 002248373

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Abstract
The primary objective of this paper is to examine changes in the level of output, prices and exports of major export crops resulting from the Structural Adjustment Program (SAP) in Nigeria. There were two main sources of data: the Central Bank of Nigeria (CBN) through its annual reports, Economic and Financial Review, and the Nigerian Federal Office of Statistics (FOS) through its Trade Summaries. Although the SAP led to appreciable increases in output and producer prices, its effects on exports were insignificant. The implications of these for the implementation of the programme are explored. It is concluded that the success of the SAP in enhancing output, prices and exports can only be possible if the present SAP policy measures, which are heavily anchored on the role of price, are supplemented with a number of structural measures, such as improved input distribution, marketing and extension systems.