Ernest Simeon Odior

This study attempted to examines the consequences of macroeconomic policy indicators on agricultural performance in Nigeria. The data set for this study consists of annual time series from 1970–2012.The study employ a one-step dynamic forecast model to analysis the nature of this impact. To ensure stationary of the data, the study uses the individual root of Im, Pesaran and Shin unit root test. The result showed that real monetary aggregate, technological change introduced overtime and pass level of agricultural sector performance play a crucial role in affecting the agricultural gross domestic product in Nigeria. It is found that credit to agricultural  sector and government expenditure on agriculture has less significant impact on agricultural performance. These findings support the growing view that revealed that the changes of macroeconomic policy instruments had substantial effect on the agricultural sector. It was recommended that policies should be designed to ensure high performance in the agricultural sector attract little or no interest and future favourable policies on agricultural  development should be streamlined and implemented coherently.

This paper uses a data from the National Bureau of Statistics (NBS) from Nigeria  and World Bank to analyze how the receipt of international remittances (from the rest of the world) impact on the National Household Disposable-Income in Nigeria being one of the top 10 remittance-receiving countries in the world, with about 10,045 billion US$ in 2010.  The study employ a dynamic forecast model to analysis the nature of this impact for both the short run (1980-2015) and long run (1980-2025). To ensure stationarity of the data, the study uses the individual root of Im, Pesaran and Shin unit root test.  It is found that remittances have a significant impact on the national household disposable-income both in short and long run in the Nigeria. These findings support the growing view that remittances can help increase the level of investment in human and physical capital in remittance-receiving countries. It was recommended that policies should be designed to ensure that remittances sent through the banks and other transfer institutions attract little or no interest.