Online ISSN: xxxx-xxxx | Print ISSN: xxxx-xxxx
Volume 2 Number 6 June 2020
ANALYSIS OF NITROGEN FERTILIZER CONSUMPTION IN WEST AFRICAPages: 38-44
Authors: I.J.Fasakin*, M.O.Egbeadumah
This study employed the fixed and random panel effects to formulate panel regression models for Nitrogen Fertilizer consumption in Nigeria and other 15 selected Economic Community of West African countries. Four (4) World Development Indicators (WDI) variables (quantity of Nitrogen fertilizer consumed, Imported, Exported and Produced)(2000-2014) were used for the study. The result of the analysis shows that there was variation in fertilizer consumed with Nigeria consumed, imported and produced highest volume of Nitrogen fertilizer under the period, while Guinea Bissau consumed least and produced least volume. The fixed effect regression shows that the coefficients of Nitrogen fertilizer imported, exported and produced found to be statistically significant at % (p>0.01) respectively. While the coefficient of Nitrogen fertilizer produced was negative, indication of low production in the region. The study recommended that government should prioritize local production of fertilizer by creating enabling environment to the few fertilizer plants so as to encourage local production.