{"id":"https://openalex.org/W4411390010","doi":"https://doi.org/10.1108/ajems-09-2024-0557","title":"Exploring the drivers of inflation in Nigeria: the roles of insecurity, oil, food and crop production","display_name":"Exploring the drivers of inflation in Nigeria: the roles of insecurity, oil, food and crop production","publication_year":2025,"publication_date":"2025-06-17","ids":{"openalex":"https://openalex.org/W4411390010","doi":"https://doi.org/10.1108/ajems-09-2024-0557"},"language":"en","primary_location":{"id":"doi:10.1108/ajems-09-2024-0557","doi":"https://doi.org/10.1108/ajems-09-2024-0557","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ajems-09-2024-0557","pdf_url":null,"source":{"id":"https://openalex.org/S42260610","display_name":"African Journal of Economic and Management Studies","issn_l":"2040-0705","issn":["2040-0705","2040-0713"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"African Journal of Economic and Management Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5020406254","display_name":"Musa Abdullahi Sakanko","orcid":"https://orcid.org/0000-0002-5203-5462","observed_orcids":["https://orcid.org/0000-0002-5203-5462"]},"institutions":[{"id":"https://openalex.org/I76661892","display_name":"Federal University of Technology Minna","ror":"https://ror.org/0568y3j03","country_code":"NG","type":"education","lineage":["https://openalex.org/I76661892"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"Musa Abdullahi Sakanko","raw_affiliation_strings":["Department of Entrepreneurship, Federal University of Technology Minna, Minna, Nigeria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Entrepreneurship, Federal University of Technology Minna, Minna, Nigeria","institution_ids":["https://openalex.org/I76661892"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5022665723","display_name":"Sesan Adeniji","orcid":"https://orcid.org/0000-0002-9739-2893","observed_orcids":["https://orcid.org/0000-0002-9739-2893"]},"institutions":[{"id":"https://openalex.org/I39587148","display_name":"Wichita State University","ror":"https://ror.org/00c4e7y75","country_code":"US","type":"education","lineage":["https://openalex.org/I39587148"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Sesan Oluseyi Adeniji","raw_affiliation_strings":["Department of Finance, Real Estate, Decision Science, Wichita State University, Wichita, Kansas, USA"],"raw_orcid":"https://orcid.org/0000-0002-9739-2893","affiliations":[{"raw_affiliation_string":"Department of Finance, Real Estate, Decision Science, Wichita State University, Wichita, Kansas, USA","institution_ids":["https://openalex.org/I39587148"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5031823973","display_name":"Michael Akume","orcid":"https://orcid.org/0000-0002-6645-4262","observed_orcids":["https://orcid.org/0000-0002-6645-4262"]},"institutions":[{"id":"https://openalex.org/I4405263699","display_name":"African Export-Import Bank (Egypt)","ror":"https://ror.org/052sda025","country_code":"EG","type":"company","lineage":["https://openalex.org/I4405263699"]}],"countries":["EG"],"is_corresponding":false,"raw_author_name":"Michael Akume","raw_affiliation_strings":["African Export-Import Bank, Cairo, Egypt"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"African Export-Import Bank, Cairo, Egypt","institution_ids":["https://openalex.org/I4405263699"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":9.7732,"has_fulltext":false,"cited_by_count":5,"citation_normalized_percentile":{"value":0.97842186,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9775000214576721,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9775000214576721,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.014399999752640724,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.006899999920278788,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.6240000128746033},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.9079999923706055},{"id":"https://openalex.org/keywords/insecurity","display_name":"insecurity","score":0.8600000143051147},{"id":"https://openalex.org/keywords/oil-prices","display_name":"oil prices","score":0.9169999957084656},{"id":"https://openalex.org/keywords/food-production","display_name":"food production","score":0.9710000157356262},{"id":"https://openalex.org/keywords/crop-production","display_name":"crop production","score":0.9679999947547913},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.8849999904632568},{"id":"https://openalex.org/keywords/monetary-tightening","display_name":"monetary tightening","score":0.7540000081062317},{"id":"https://openalex.org/keywords/cost-push-inflation","display_name":"cost-push inflation","score":0.7739999890327454},{"id":"https://openalex.org/keywords/naira-depreciation","display_name":"naira depreciation","score":0.6340000033378601},{"id":"https://openalex.org/keywords/agricultural-productivity","display_name":"agricultural productivity","score":0.5950000286102295},{"id":"https://openalex.org/keywords/energy-diversification","display_name":"energy diversification","score":0.8730000257492065},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.6579999923706055},{"id":"https://openalex.org/keywords/central-bank-of-nigeria","display_name":"Central Bank of Nigeria","score":0.7559999823570251},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.722000002861023},{"id":"https://openalex.org/keywords/cash-reserve-ratio","display_name":"cash reserve ratio","score":0.8059999942779541},{"id":"https://openalex.org/keywords/popular-protest","display_name":"popular protest","score":0.6819999814033508},{"id":"https://openalex.org/keywords/food-price-inflation","display_name":"food inflation","score":0.4359999895095825},{"id":"https://openalex.org/keywords/supply-chain-security","display_name":"supply chain security","score":0.4690000116825104},{"id":"https://openalex.org/keywords/agricultural-subsidies","display_name":"agricultural subsidies","score":0.4099999964237213}],"concepts":[{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.6729440689086914},{"id":"https://openalex.org/C2993342163","wikidata":"https://www.wikidata.org/wiki/Q1229911","display_name":"Food insecurity","level":4,"score":0.6677684783935547},{"id":"https://openalex.org/C549605437","wikidata":"https://www.wikidata.org/wiki/Q1229911","display_name":"Food security","level":3,"score":0.6569811701774597},{"id":"https://openalex.org/C2989409935","wikidata":"https://www.wikidata.org/wiki/Q11451","display_name":"Crop production","level":3,"score":0.6026054620742798},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.5540447235107422},{"id":"https://openalex.org/C137580998","wikidata":"https://www.wikidata.org/wiki/Q235352","display_name":"Crop","level":2,"score":0.500319242477417},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4625275731086731},{"id":"https://openalex.org/C88199923","wikidata":"https://www.wikidata.org/wiki/Q627371","display_name":"Food processing","level":2,"score":0.45087572932243347},{"id":"https://openalex.org/C48824518","wikidata":"https://www.wikidata.org/wiki/Q396340","display_name":"Agricultural economics","level":1,"score":0.4360818564891815},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.41367238759994507},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.36264514923095703},{"id":"https://openalex.org/C118518473","wikidata":"https://www.wikidata.org/wiki/Q11451","display_name":"Agriculture","level":2,"score":0.2214144766330719},{"id":"https://openalex.org/C6557445","wikidata":"https://www.wikidata.org/wiki/Q173113","display_name":"Agronomy","level":1,"score":0.17838183045387268},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.14428582787513733},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.12815824151039124},{"id":"https://openalex.org/C31903555","wikidata":"https://www.wikidata.org/wiki/Q1637030","display_name":"Food science","level":1,"score":0.10282430052757263},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.08854705095291138},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1108/ajems-09-2024-0557","doi":"https://doi.org/10.1108/ajems-09-2024-0557","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ajems-09-2024-0557","pdf_url":null,"source":{"id":"https://openalex.org/S42260610","display_name":"African Journal of Economic and Management Studies","issn_l":"2040-0705","issn":["2040-0705","2040-0713"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"African Journal of Economic and Management Studies","raw_type":"journal-article"},{"id":"pmh:oai:soar.wichita.edu:10057/30048","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/10057/30048","pdf_url":null,"source":{"id":"https://openalex.org/S4306401479","display_name":"Holmes Museum Of Anthropology (Wichita State University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I39587148","host_organization_name":"Wichita State University","host_organization_lineage":["https://openalex.org/I39587148"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"African Journal of Economic and Management Studies","raw_type":"Article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.48510000109672546},{"display_name":"Zero hunger","id":"https://metadata.un.org/sdg/2","score":0.40450000762939453}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W1966910378","https://openalex.org/W2109643959","https://openalex.org/W2164626947","https://openalex.org/W2809086635","https://openalex.org/W2889495485","https://openalex.org/W2906860371","https://openalex.org/W2994544320","https://openalex.org/W3044005908","https://openalex.org/W3049568687","https://openalex.org/W3053054394","https://openalex.org/W3088366283","https://openalex.org/W3112048400","https://openalex.org/W3119066058","https://openalex.org/W3126272087","https://openalex.org/W3134975426","https://openalex.org/W3139779449","https://openalex.org/W3157045988","https://openalex.org/W3164299610","https://openalex.org/W3170025093","https://openalex.org/W3200993052","https://openalex.org/W3204338245","https://openalex.org/W4206205685","https://openalex.org/W4210495235","https://openalex.org/W4213010947","https://openalex.org/W4214591572","https://openalex.org/W4224252972","https://openalex.org/W4308596876","https://openalex.org/W4365459539","https://openalex.org/W4383568762","https://openalex.org/W4385665629","https://openalex.org/W4387119055","https://openalex.org/W4388053011","https://openalex.org/W4392607613","https://openalex.org/W4392900874","https://openalex.org/W4398168579","https://openalex.org/W4400540039","https://openalex.org/W4401815578","https://openalex.org/W4405736917","https://openalex.org/W4408908187"],"related_works":["https://openalex.org/W2594797085","https://openalex.org/W2226598524","https://openalex.org/W2764000278","https://openalex.org/W4387958581","https://openalex.org/W4254645975","https://openalex.org/W2088170323","https://openalex.org/W2907326256","https://openalex.org/W2187723443","https://openalex.org/W2273196251","https://openalex.org/W2611004492"],"abstract_inverted_index":{"Purpose":[0],"Nigeria\u2019s":[1],"inflation":[2,21,59,94,125,210,239,260,329,373],"surged":[3],"after":[4],"the":[5,26,45,61,88,96,112,129,137,155,180,194,213,233,331,343,394,400],"COVID-19":[6],"pandemic,":[7],"reaching":[8],"34.19%":[9],"in":[10,15,95,123,126,211,262,330,374,399,427],"2023":[11,152],"\u2013":[12,18],"its":[13],"highest":[14],"28":[16],"years":[17],"with":[19,162],"food":[20,118,189,304],"at":[22,50],"40.53%.":[23],"In":[24],"response,":[25],"Central":[27],"Bank":[28],"of":[29,54,90,114,139,185,346,372,396],"Nigeria":[30,263,276],"(CBN)":[31],"implemented":[32],"aggressive":[33],"monetary":[34,105,140,195,234,245,269,292,397],"tightening,":[35],"raising":[36],"interest":[37,347],"rates":[38],"from":[39,149],"18.75":[40],"to":[41,64,110,151,350,357],"26.25%":[42],"and":[43,66,73,120,135,153,170,182,190,193,206,215,232,251,268,288,299,306,315,380,416,420,423],"setting":[44],"cash":[46],"reserve":[47],"ratio":[48],"(CRR)":[49],"a":[51,133,221,226,290,364],"global":[52],"high":[53],"45%.":[55],"Despite":[56],"these":[57,255],"measures,":[58],"worsened,":[60],"Naira":[62],"depreciated":[63],"\u20a61,600/$":[65],"economic":[67,358],"hardship":[68],"deepened,":[69],"reducing":[70],"purchasing":[71],"power":[72],"increasing":[74],"poverty.":[75],"Public":[76],"protests":[77],"have":[78,220],"followed,":[79],"demanding":[80],"better":[81],"governance.":[82],"However,":[83],"limited":[84],"research":[85,365],"has":[86],"explored":[87],"influence":[89],"nonmonetary":[91,267,370],"factors":[92],"on":[93,104,198,286,369],"post-COVID-19":[97],"era,":[98],"as":[99,132],"most":[100],"studies":[101],"focus":[102],"primarily":[103],"policy.":[106,141,293],"This":[107,176,361],"study":[108,144,362],"aims":[109],"examine":[111],"roles":[113],"insecurity,":[115,186,279,377],"oil":[116,187,287,325,378],"prices,":[117,188],"production":[119,192,208,231,305],"crop":[121,191,207,282],"output":[122],"driving":[124],"Nigeria,":[127,375],"using":[128],"cost\u2013push":[130],"theory":[131],"framework":[134],"assessing":[136],"effectiveness":[138,395],"Design/methodology/approach":[142],"The":[143,201,249,340],"uses":[145],"time":[146],"series":[147],"data":[148],"1986":[150],"applies":[154],"autoregressive":[156],"distributed":[157],"lag":[158],"(ARDL)":[159],"model,":[160],"along":[161],"two":[163],"robustness":[164],"checks:":[165],"canonical":[166],"cointegration":[167],"regression":[168],"(CCR)":[169],"fully":[171],"modified":[172],"least":[173],"squares":[174],"(FMOLS).":[175],"approach":[177],"captures":[178],"both":[179,212,241,266],"short-":[181],"long-term":[183,228,334],"effects":[184],"policy":[196,235,398,426],"rate":[197,236,348],"inflation.":[199],"Findings":[200],"results":[202,253],"show":[203],"that":[204,244],"insecurity":[205],"increase":[209],"short":[214,332],"long":[216],"term.":[217],"Oil":[218],"prices":[219,379],"positive":[222],"short-term":[223],"effect":[224],"but":[225],"negative":[227],"effect.":[229],"Food":[230],"help":[237],"reduce":[238,284,321],"across":[240],"periods,":[242],"suggesting":[243],"tightening":[246],"is":[247],"effective.":[248],"CCR":[250],"FMOLS":[252],"confirm":[254],"long-run":[256],"relationships.":[257],"Overall,":[258],"effective":[259],"control":[261],"requires":[264],"addressing":[265],"factors.":[270,387],"Practical":[271],"implications":[272],"To":[273],"manage":[274,351],"inflation,":[275,352],"must":[277],"address":[278],"support":[280,342],"stable":[281],"production,":[283],"reliance":[285],"maintain":[289],"responsive":[291,356],"Strengthening":[294],"security":[295],"would":[296],"protect":[297],"farmers":[298],"supply":[300],"chains,":[301],"supporting":[302],"consistent":[303],"price":[307,326],"stability.":[308],"Enhancing":[309],"agricultural":[310,381],"productivity":[311],"through":[312],"subsidies,":[313],"infrastructure":[314],"modern":[316],"farming":[317],"techniques":[318],"can":[319,424],"also":[320,389],"inflationary":[322,433],"pressures.":[323],"While":[324],"volatility":[327],"affects":[328],"term,":[333],"strategies":[335],"should":[336],"promote":[337],"energy":[338],"diversification.":[339],"findings":[341,404],"continued":[344],"use":[345],"adjustments":[349],"provided":[353],"they":[354],"remain":[355],"trends.":[359],"Originality/value":[360],"fills":[363],"gap":[366],"by":[367],"focusing":[368],"drivers":[371],"specifically":[376],"output,":[382],"which":[383],"are":[384,405],"relatively":[385],"underexplored":[386],"It":[388],"offers":[390],"empirical":[391],"insights":[392],"into":[393],"Nigerian":[401],"context.":[402],"These":[403],"relevant":[406],"for":[407],"achieving":[408],"Sustainable":[409],"Development":[410],"Goals":[411],"(SDGs)":[412],"2":[413],"(Zero":[414],"Hunger)":[415],"8":[417],"(Decent":[418],"Work":[419],"Economic":[421],"Growth)":[422],"inform":[425],"other":[428],"developing":[429],"countries":[430],"facing":[431],"similar":[432],"challenges.":[434]},"counts_by_year":[{"year":2026,"cited_by_count":5}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2025-10-10T00:00:00"}