Effects of market deregulation on cocoa (Theobroma cacao) production in Southwest Nigeria

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dc.contributor.authorIdowu, E.O.
dc.contributor.authorOsuntogun, D.A.
dc.contributor.authorOluwasola, O.
dc.date.accessioned2014-04-07T10:31:43Z
dc.date.available2014-04-07T10:31:43Z
dc.date.issued2007-09
dc.description.abstractIn the 1970s and 1980s there was a consistent economic down turn and decline in aggregate cocoa output in Nigeria. This culminated in the introduction of structural adjustment programme (SAP) in 1986 to stem this trend. The objective of the paper was to evaluate the effect(s) of the deregulated policy measures on the cocoa industry in southwest Nigeria. Data were collected from six important cocoa producing Local Government Areas (LGAs) within the region and these were analyzed using descriptive statistics and regression techniques. The study found that after two decades of operating SAP and economic liberalization policy in the country, cocoa production still remains in the hands of smallholder operators with little application of chemical inputs to enhance output. The paper concludes that significant increases in aggregate cocoa output can be achieved through a combination of sustained increase in real producer prices, local currency devaluation and increased supply of chemical fertilizers.en_US
dc.identifier.citationAfrican Journal of Agricultural Research Vol. 2 (9), pp. 429-434, September 2007en_US
dc.identifier.urihttp://hdl.handle.net/123456789/296
dc.language.isoenen_US
dc.publisherAcademic Journalsen_US
dc.subjectmarket deregulationen_US
dc.subjectcocoaen_US
dc.subjectsouthwest Nigeriaen_US
dc.titleEffects of market deregulation on cocoa (Theobroma cacao) production in Southwest Nigeriaen_US
dc.typeArticleen_US

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