-
The Impact Of Agricultural Output On The Nigerian Economy
CHAPTER ONE -- [Total Page(s) 4]
Page 4 of 4
-
-
-
1.3 Statement of the problem.
The specific problems to address include;
Inadequate investment opportunities in the sector.
What steps have been taken in past years and in recent times to fuse agricultural proceeds into a source of economic growth
In
what ways have the government policies on agriculture aid and encourage
private and public participants in the agricultural sector.
The damaging effects of inadequate storage facilities which has caused great post-harvest loss.
1.4 Objectives of the study
The purpose of the study is to examine the impact of agricultural
output on the growth of the Nigerian economy, specifically. The
objectives are:
To know if there are government policies that support agriculture in Nigeria and if there are, how effective and efficient.
To
also help in highlighting alternative procedures that can be taken to
improve methods of enhancing agricultural output effectively.
To make policy recommendations based on the findings of the study.
1.5 Scope and limitation of the study.
The
study focuses on the Nigerian economy as a whole. That is agricultural
sustainability in Nigeria, Institutional reforms, Financial Reforms,
Agricultural development programmes, analysis of selected agricultural
indicators, constraints of agricultural output and strategies for
maintaining agricultural growth in Nigeria. Limitations are bound in the
time series data available.
The study covers a span of 34 years; the values are all evenly distributed about the mean.
1.6 Significance of the study
It
is believed that the discovery of the study will benefit the
government tremendously, in terms of agricultural policies, budgetary
allocation on agricultural expenditure, the importance of agriculture
and its effects on economic growth, also to encourage participants both
public and private alike, provision of adequate subsidies , will enable
the farmers achieve whatever goals and objectives .
Furthermore,
most areas of output have their benefit as well as challenges in Nigeria
thus the study renders adequate solutions to such challenges. The
literature review will serve as a useful source of secondary database
for the academic world and Nigeria at large
1.7 Formulation of hypothesis
In an attempt to achieve the above objective, the study is going to test the hypothesis:
H0: Agricultural output has no impact on economic growth in Nigeria.
H1 : Agricultural output has an impact on economic growth in Nigeria.
1.8 Methodology
This
study relies heavily on the use of secondary data. These will be
obtained from the CBN statistical bulletin as well as its annual report
and statement of accounts, and economic reports on agriculture. Data
from the Ministry of Agriculture will also be used in our analysis.
The
ordinary least squares econometric technique will also be used to
analyse our data. This method has been chosen because of its BLUE (Best
Linear Unbiased Estimate) properties. The regression approach in
general is adopted since we are assessing the impact of an independent
variable on a dependent variable.
1.9 Organization of the study
In
addition to this introductory chapter, the essay has four other
chapters. Chapter two presents review of the literature surrounding the
study as well as enlightenment on some basic concepts pertaining to the
study. Chapter three presents a theoretical framework, estimation of the
models and model specification of the study, while chapter four
presents the empirical analysis on the findings of the study.
Furthermore, chapter five discusses the summary of the research findings
CHAPTER ONE -- [Total Page(s) 4]
Page 4 of 4
-
