Entrepreneurial Sustainability and Food Security in Nigeria

Abstract

The formulation of public policy to spur agricultural production in the form of agricultural financing measures resulting in the provision of credit facilities to farmers, the introduction of agricultural banks to cater for the specific financial needs of farmers, and investments in road transportation systems may not have yielded the desired outcome, resulting in food scarcity. This study therefore evaluated the effects of entrepreneurial sustainability on food security in Nigeria from 2021 to 2022 using ARDL model. Data for the study was from secondary sourced, Central Bank Statistical bulletin, Word Bank data base and the Food and Agriculture Organization. The study revealed that entrepreneurial sustainability, information and communication technology and food security had positive long run relationship. However, agricultural credit, agricultural development assistance, road transport, regulatory quality and Food Security (LFS) had negative long run relationship. Findings reveal the need for government to support food security, through effective credit support, the development of an infrastructural network that would enhance food production coupled with technological advancement. The study concluded that entrepreneurial sustainability can be achieved through consolidated institutional framework that encompass effective regulatory system in Nigeria.