THE IMPULSE RESPONSE OF AGRICULTURAL PERFORMANCE TO CLIMATE VARIABILITY AND ENERGY CONSUMPTION IN NIGERIA.

Abstract

The study employs Ordinary Least Squares (OLS) equations and Annual time series data from 1960 to 2017 were obtained from the Central Bank of Nigeria’s Statistics Bulletin 2017. Having carried out the necessary pre- and post-diagnostic tests, the results reveal that, at period five (5) of shocks in annual rainfall (CLM) in Nigeria, 57,137,222 response of agricultural output to innovations in CLM is noted. That is to say, 57,137,222 response of agricultural output to innovations in CLM is noted in period five (5) aftershocks. At the same stated period of shocks in Carbon Dioxide (CO₂), Nitric Oxide (N₂O), Methane (CH₄) and Chlorofluorocarbons (CFCs) in Nigeria, respective responses of agricultural output to innovations in these energy-enhanced atmospheric gases stands at: 159,543.4%, 2,378,401%, -4,526,529%, 2,296,124%. This same trend of responses repeat itself in period ten (10), clearly separating CFCs and CLM as having the dominant influence on the Nigeria’s agriculture. This reveals to the minds that, the Nigeria’s agriculture is highly sensitive to energy use (especially fossil fuel resources that enhances the emission of chlorofluorocarbons) and climate (i.e., annual rainfall).