MACRO-ECONOMIC DETERMINANTS OF THE GROWTH OF THE CROP SUB-SECTOR IN THE NIGERIAN ECONOMY 1980 —1999

Abstract

The study analyzed the effect of pricing and exchange rate policies on the growth of the crop sub-sector in Nigeria from 1980 to 1999. secondary data were colleted for the study. Simple descriptive statistics and regression analysis were used for the analysis. The results revealed that most pricing policies implemented by government during the period affected the farmers in particular and the growth of the crop sub-sector in general. The average prices relatives to world market prices, received by farmers during the period under review were below 65%. However, price changes were more influential in affecting crops  production than Naira exchange rates. It was recommended that a commodity exchange market should be established and exchange rates should not be implemented on the basis of addressing specific problems.