Analysis of Nigeria Agriculture Promotion Policy on the Economic Performance of Small-Scale Palm Oil Marketers in Edo State

This study examines the influence of the Nigeria Agriculture Promotion Policy (APP) on the economic performance of small-scale palm oil marketers in Edo State. Employing a mixed-methods approach, data were collected from ۱۱۰ palm oil markers across ۱۱ local government areas (LGAs) in three senatorial districts in Edo State. Quantitative data obtained through questionnaires were analysed using descriptive statistics. Results reveal that the APP effectively enhanced the economic performance of palm oil marketers. Small-scale marketers experienced a significant income increase of ۲۷.۷%, rising from N۴۴۵,۰۷۲.۷۳ in ۲۰۱۵ to N۵۶۸,۳۹۵.۴۵ in ۲۰۲۱. However, the study identified certain limitations of the APP, such as the absence of regular training or skill development programs for marketers and limited access to loan facilities for procuring more efficient palm oil production machinery. These findings hold crucial implications for Nigeria's agricultural policies. The study recommends expanding market linkages at the macro level by promoting micro, small, and medium enterprises that facilitate profitable interactions between input suppliers, producers, processors, marketers, and other stakeholders within the palm oil value chains. Addressing these recommendations can foster the sustainable development of the agricultural sector in Nigeria.

Keywords:

Agriculture , Channels , Development , Linkages , market , Policy