
his study analyzed the effect of exchange rate volatility on Nigeria’s agricultural exports using annual time series dataspanning 1986 to 2024. The Auto-Regressive Distributed Lag (ARDL) approach was applied for the analysis. The Bounds test forcointegration established a long-run relationship among the variables. Long-run results showed a significant negative impact of theexchange rate on agricultural exports. In the short run, the exchange rate had an immediate negative and significant effect, whilelagged exchange rates exhibited a significant positive impact. The study also identified that agricultural land, labor force, machinery,bank loans to agriculture, and global agricultural commodity prices positively and significantly affect agricultural exports, whereas oilprices exert a significant negative influence. Based on these results, the study recommends that the government adopt policies tostabilize the exchange rate to boost the performance of Nigeria’s agricultural sector.
Exchange rate, Agricultural export, World price of agricultural exports commodities, Agricultural machineries, Nigeria.
Exchange rate, Agricultural export, World price of agricultural exports commodities, Agricultural machineries, Nigeria.
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