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The Effect Of Inflation And Interest Rate On Agricultural Productivity In Nigeria From 2000-2015
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1.2 STATEMENT OF THE PROBLEM
Inflation is undeniably one of the most
leading and dynamic macroeconomic issues confronting economy of Nigeria
and has become a leading topic of discussion in Nigerian families and
press as its effects penetrate more deeply into nation’s life due to
prevailing increase in prices (Olatunji et al., 2010). The consumer
price index for food over the years in Nigeria constituted a larger
proportion of the composite consumer price index and as noted by
Oppedahl (2009), households in developing countries spend more on food
relative to overall spending and therefore, food price inflation had
played a bigger role in overall inflation. That is why the researcher
wants to investigate the effect of inflation and interest rate on
Agricultural productivity in Nigeria from 2000-2015
1.3 OBJECTIVE OF THE STUDY
The objectives of the study are;
1. To ascertain the factors that affect agricultural productivity
2. To ascertain the effect of inflation on Nigeria’s economy
3. To ascertain the relationship between effect of inflation and agricultural productivity
4. To ascertain the effect of inflation and interest rate on agricultural productivity in Nigeria from 200-2015
1.4 RESEARCH HYPOTHESES
For the successful completion of the study, the following research hypotheses were formulated by the researcher;
H0: there are no factors that affect agricultural productivity
H1: there are factors that affect agricultural productivity
H02:there is no relationship between effect of inflation and agricultural productivity
H2:there is relationship between effect of inflation and agricultural productivity
1.5 SIGNIFICANCE OF THE STUDY
This
study will be of significance to students of different higher of
learning as it would enlighten them and the entire nation. Finally, this
study will also help to serve as literature (reference source) to the
public, individuals and corporate bodies into what to carry out on
further research on the effect of inflation and interest rate on
agricultural productivity in Nigeria.
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