Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 25 ISSUE 3
Written by Sunday B. AKPAN, Ini-mfon V. PATRIC, Udoro J. UDO

The study examined consumption trends in beef, chicken meat and Chevon and provided evidence of its correlation with some macroeconomic factors in Nigeria. Secondary data were obtained from official sources and covered the years from 1991 to 2022. The Engle Granger two–step technique of cointegration and autoregressive model were used to analyze the data. The findings indicated that the consumption rates of beef and chicken experienced annual declines of -2.27% and -0.99%, respectively, whereas Chevon consumption exhibited a slight annual growth of 0.74%. The empirical analysis revealed a significant negative correlation between the inflation rate and nominal exchange rate with the consumption of Chevon, chicken meat, and beef. Conversely, the per capita GDP, credit to the agricultural sector and the capacity utilization of the meat industry have a significant positive correlation with beef, chicken meat and Chevon consumption. To increase meat consumption in the country, it is strongly recommended that the country should developed its local inputs system/machineries and introduce input subsidies to ameliorate the negative effect of inflation and exchange rate volatility in meat production. Also, the provision of sufficient incentives to boost capacity utilization of the meat industry and expanded channels to inject credit to the agricultural sector would help to increase meat consumption in the country.

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