Refocusing Agricultural Subsidy for Food Security in Nigeria

Authors

Sulaiman A. Yusuf, University of Ibadan, Ibadan

Publisher

Central Bank of Nigeria

Keywords

Agriculture, Agricultural Subsidy, Food Security, Nigeria

Abstract

Food security has remained a key human right-related issue and ranks second only to poverty on the Sustainable Development Goals (SDGs). The objectives of this paper are to identify the gaps in agriculture subsidy regime; and to identify options for refocusing of the subsidy regime to improve food security.

Following the introduction, section 2 explores the nexus of agricultural subsidy and food security, while section 3 reviews the agricultural subsidy regime in Nigeria. Section 4 discusses the input-output dimensions of agricultural subsidy in Nigeria, and in section 5, the paper takes a dive into the agricultural subsidies from international perspective. In section 6, it proposes a paradigm shift for agricultural subsidy for food security, while section 7 concludes the paper.

Author Bio

The author is a staff of the Department of Agricultural Economics, University of Ibadan, Ibadan, Oyo State in Nigeria.

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

59

First Page

159

Last Page

196

Recommended Citation

Sulaiman, Y. (2021). Refocusing Agricultural Subsidy for Food Security in Nigeria. Economic and Financial Review. 59(4), 159-196.