Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 21 ISSUE 3
Written by Sunday Brownson AKPAN, Udoro Jacob UDO

The study established the empirical relationship between some key macroeconomic variables and meat as well as the milk gross production indices in Nigeria. Data were source from the World Bank, Food and Agricultural Organization and the Central Bank of Nigeria and it covers the period from 1961 to 2020. The properties of the series were tested with the Augmented Dickey-Fuller unit root test and ADF-GLS unit root test. The Autoregressive Distributed Lag Model (ARDL) was used to establish the existence of the cointegration among the specified series. The empirical results revealed that, real GDP per capita, nominal exchange rate, land density are the determinants of meat gross production gross index in the long run, whereas, per capita income, credit to the economy and land density are the short run determinants. Also, the per capita income, nominal exchange rate, export and inflation rate influence the milk gross production index in the long run; while the per capita income, land density, credit to the economy, value of export and nominal exchange rate had short run impact. Based on the findings, it is recommended that, specific policy to focus on the improvement of the per capita income, foreign trade control policy and reduction and or stabilization of inflation rate in the country are inevitable.

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