Selected Issues Papers

Food Insecurity in Nigeria: Food Supply Matters: Nigeria

By Alun H. Thomas, Rima A Turk

March 6, 2023

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Format: Chicago

Alun H. Thomas, and Rima A Turk. Food Insecurity in Nigeria: Food Supply Matters: Nigeria, (USA: International Monetary Fund, 2023) accessed November 8, 2024

Summary

Against the backdrop of high international food and fertilizer prices, this paper discusses food insecurity in Nigeria, investigates its drivers in a cross-country setting, and assesses the role of policies. Using two proxies for food security, we find that high per capita consumption, high yields and low food inflation support food security. Cross-country estimates of yields and production provided by the FAO/OECD reveal that use of inputs is lower in Nigeria than in other countries, and that policies to raise crop yields positively correlate with better food security conditions. The paper also uses detailed domestic commodity price indices to assess linkages with international prices and the role of import bans. Central bank policies for funding agriculture and import bans have not managed to stimulate agricultural output nor moderated the impact of international food prices. Rather, policies should focus on use of inputs that are severely underused in Nigeria as elsewhere in SSA.

Subject: Commodities, International organization, International trade, Monetary policy, National accounts, Poverty, Prices

Keywords: Agricultural commodities, Agriculture, Consumption, Food availability, Food category, Food consumption, Food import ratio, Food import reliance, Food imports, Food inflation, Food insecurity, Food price inflation, Food prices, Food security, Global, Inflation differential, Inflation support food security, Inputs, Vegetable oil, Yields

Publication Details

  • Pages:

    27

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Selected Issues Paper No. 2023/018

  • Stock No:

    SIPEA2023018

  • ISBN:

    9798400236921

  • ISSN:

    2958-7875

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