Praise Omanibe Ujirooghene AHWE

MPACT OF EXCHANGE RATE DEPRECIATION AND AGRICULTURAL OUTPUT ON AGRICULTURAL EXPORTS IN NIGERIA

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Abstract
The study examined the impact of exchange rate depreciation and agricultural output on the agricultural exports of Nigeria (1981-2020). Error Correction mechanism was adopted to examine the relationship among the variables in the study that is the relationship between the dependent and independent variables. The variables were also found to have an overall significant effect on Nigerian agricultural export from the F-statistic obtained in the model. The study found that the level of agricultural output has a positive and significant impact on economic growth in both short run and long run. Also, the study found that exchange rate has a negative and significant impact on economic growth in both short run and long run. Also, the study found that level of import has a negative and significant impact on agricultural export in the short run and long run. Also, the study found that real interest rate has a negative and non significant impact on agricultural export in both short run and long run. Finally, the study found that investment has a positive and significant impact on agricultural export in both long and short run. Therefore, the study recommends that government should provide basic amenities like electricity in order to enhance storage of agricultural produce which in turn boosts output. Also the government should adjust trade exchange rate policies to favor farmers as this would encourage farmers to increase their output and in turn increase exportation.
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