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• 1. [Article] Effect of Trade and Agriculture Policies on Fish Trade and Production in Nigeria

  The fishery sector is important in Nigeria’s development matrix. The sector not only provides employment for the citizens but also contributes more than 40% of animal protein consumed by average Nigerian. ...

  Citation × Citation Citation Abstract Copy Title: Effect of Trade and Agriculture Policies on Fish Trade and Production in Nigeria Author: Alabi, Reuben Adeolu, Erie, Otasowie Gladys The fishery sector is important in Nigeria’s development matrix. The sector not only provides employment for the citizens but also contributes more than 40% of animal protein consumed by average Nigerian. However, over the years the role of providing animal protein for the populace dwindled to the extent that fish demand outweigh fish production, which created trade imbalance. In order to reverse decline in fish production and curtail fish imports, Government of Nigeria put up agricultural and trade policies to boost fish production and move Nigeria toward self sufficiency in fish. In this study we examined if these policies have influenced fish production, import and export from 1961-2006 in Nigeria. We applied statistical and econometric techniques to relevant time series data generated from Central Bank of Nigeria Statistical Bulletin and Food and Agricultural Organisation Statistical Database. The results of the analyses indicate that SAP has significant effect on fish export, but it has not significantly increased fish production and decreased fish importation in Nigeria. The implication of these findings is that although SAP may increase fish export in Nigeria; because of price incentives associated with SAP. However, price incentives may not be enough to stimulate domestic fish production in Nigeria. The country should think of production inputs incentives as done during Pre-SAP era. The government needs to set in motion other sustainable sector specific strategies and policies in order to fully exploit the potentials of Nigeria’s fishery sector. One of these sustainable strategies is the proper harnessing of aquaculture. Title: Effect of Trade and Agriculture Policies on Fish Trade and Production in Nigeria Author: Alabi, Reuben Adeolu, Erie, Otasowie Gladys The fishery sector is important in Nigeria’s development matrix. The sector not only provides employment for the citizens but also contributes more than 40% of animal protein consumed by average Nigerian. However, over the years the role of providing animal protein for the populace dwindled to the extent that fish demand outweigh fish production, which created trade imbalance. In order to reverse decline in fish production and curtail fish imports, Government of Nigeria put up agricultural and trade policies to boost fish production and move Nigeria toward self sufficiency in fish. In this study we examined if these policies have influenced fish production, import and export from 1961-2006 in Nigeria. We applied statistical and econometric techniques to relevant time series data generated from Central Bank of Nigeria Statistical Bulletin and Food and Agricultural Organisation Statistical Database. The results of the analyses indicate that SAP has significant effect on fish export, but it has not significantly increased fish production and decreased fish importation in Nigeria. The implication of these findings is that although SAP may increase fish export in Nigeria; because of price incentives associated with SAP. However, price incentives may not be enough to stimulate domestic fish production in Nigeria. The country should think of production inputs incentives as done during Pre-SAP era. The government needs to set in motion other sustainable sector specific strategies and policies in order to fully exploit the potentials of Nigeria’s fishery sector. One of these sustainable strategies is the proper harnessing of aquaculture. Close