Central Bank of Nigeria
Non-tax incentives, ARDL, Agriculture
This study investigates the impact of non-tax incentives on agricultural sector output in Nigeria from 1981 to 2019, using Autoregressive Distributed Lag (ARDL) Model/Bounds test technique. The findings of this study show that non-tax incentives have a significant positive impact on agricultural sector output growth in the long-run; however, the effect was negative and statistically insignificant in the short run. On the other hand, government expenditure on agriculture was negative and significant on agricultural sector output growth in the short-run, while its long-run impact was also negative but not significant. Therefore, the study recommends targeted expansion of non-tax incentives to the entire agricultural value chain with appropriate monitoring and evaluation to boost output in the sector.
CBN Economic and Financial Review
Udeaja et al., (2021). Non-tax incentives and agricultural output in Nigeria. Economic and Financial Review, 59(3), 87-105.