Impact of Subsidy Removal on Smallholder Livestock Farmers' Productivity in Nigeria
DOI:
https://doi.org/10.47604/jlp.v3i1.2541Abstract
Purpose: The aim of the study was to analyze the impact of subsidy removal on smallholder livestock farmers' productivity in Nigeria.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: The impact of subsidy removal on smallholder livestock farmers in Nigeria resulted in both challenges and opportunities. Initially, it led to increased input costs and decreased profitability, but it also spurred innovation and efficiency improvements. However, limited access to credit and inadequate support structures hindered overall productivity. Tailored policy interventions are crucial to address these challenges and promote sustainable growth in the sector.
Unique Contribution to Theory, Practice and Policy: Public choice theory, theory of economic adjustment & dependency theory may be used to anchor future studies on analyze the impact of subsidy removal on smallholder livestock farmers' productivity in Nigeria. Cooperative farming models encourage resource pooling and collective action, reducing costs and enhancing market access. By tailoring subsidy reintroduction to the most vulnerable sectors, policies can be more targeted and efficient, ensuring optimal use of resources.
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