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Econometric Analysis of the Effect of Consumption of Basic Food Items

Econometric Analysis of the Effect of Consumption of Basic Food Items

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DEDICATION

This research material, titled “Econometric Analysis of the Effect of Consumption of Basic Food Items” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.




ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Economics for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Econometric Analysis of the Effect of Consumption of Basic Food Items provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.




Econometric Analysis of the Effect of Consumption of Basic Food Items (A Case Study of Akure, Ondo State)



Introduction


Background Of The Study

Food consumption has been a subject of research all over the world. It is especially meaningful in developing countries where food expenditures account for a relatively large share of household income. Studies of food consumption shed light on food-related nutritional policies. They provide estimates of how food consumption is affected by changes in prices, income, and taxation policies (Dunne and Edkins, 2005). Food consump-tion in Nigeria has been an important issue, not only because it is related to poverty and food security, but also because it is highly correlated with living standards and household resource.

Essentially, the demand for food depends on population and the dietary habits/per capita daily calorie intake of the people under consideration. On the other hand, the food requirement of the nation is dependent on an additional factor namely; food import and export balance. On the national level, per-capita growth of production of major foods in Nigeria has not been sufficient to satisfy the demands of an increasing population (Kormawa, 1999). The result is a big gap between national supply and national demand for food. Malnutrition is still widespread and eloquently manifested in the high levels of severe and moderate underweight among children coupled with the high rates of infant and under-five mortality and low life expectancy at birth (Maziya-Dixon et al., 2004; UNDP, 2005). Household food consumption pattern in Nigeria has been undergoing dramatic changes over the last few years.

There has been an increase in the consumption of carbohydrate foods like yam, cassava, maize and rice and some decrease in the consumption of such food items as fish, fresh fruits, as well as fresh and processed vegetables. Average calorie and protein intake by Nigerians is only at the threshold of adequacy. The daily per capital calorie supply as a proportion of requirement was 90% in 1988-1990 and 85% between 1992-1996 (FOS, 1999). Accor ding to FAO (1999), Nigeria managed to reduce the prevalence of undernourishment by more than 30% points between 1979- 1981 and 1996-1998. The number dropped from 44% to 8%. The depth of hunger in Nigeria remains 210 Kcal per person per day while the diet comprised of 64% cereals and roots and tubers. Understanding household food consumption pattern in the North-Central zone is therefore very important for market assessment of agricultural products as well as household food security.


Statement Of The General Problem

The economic recession which has significantly affected all sectors of the economy especially the agricultural has affected the feeding pattern of the Nigerian masses. The poor feeding pattern of Nigerians has had its toll on the level of productivity of the masses as it is often said that a hungry man is an angry man thus the cases of crime and social vices that has been on the increase in these recession.


Aims And Objectives Of The Study

The major aim of the study is to examine the effect of consumption of basic food items in Nigeria. Other specific objectives of the study include;

  1. To examine the necessity of feeding on the economy of Nigeria.
  2. To examine the major classes of food consumes by Nigerians using Akure as the case study.
  3. To recommend ways of improving the feeding pattern of residents.

Research Questions

  1. What is the effect of consumption of basic food items?
  2. What is the necessity of feeding on the economy of Nigeria?
  3. To examine the major classes of food consumes by Nigerians using Akure as the case study?
  4. To recommend ways of improving the feeding pattern of residents?

Research Hypothesis

H0: There is no significant effect of consumption of food items on consumers

H1: There is a significant effect of consumption of food items on consumers


Significance Of The Study

The study would be of immense importance to the general public as it would reveal the effect of consumption of basic food items in Nigeria. The study would also be of immense importance to students, researchers and scholars who are interested in developing further studies on the subject matter.


Scope Of The Study

The study is restricted to the effect of consumption of basic food items in Akure metropolis in Ondo state.


CHAPTER TWO

2.0 Literature Review

2.1 Introduction

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Defense Procedure for Economics Researchers


In preparation for defending a project or seminar on Econometric Analysis of the Effect of Consumption of Basic Food Items, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.


Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.


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During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.


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