-
The Impact Of Agriculture On Economic Growth In Nigeria
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
-
-
1.2 Statement of the problem
Besides
oil, the major strength of the Nigerian economy is its rich
agricultural resource base, its human resource and its huge markets.
However, these resources have to be effectively mobilized so as to
diversify the economic base and reduce dependence on oil and import. The
economy remains vulnerable to external shocks emanating from
fluctuation in the world prices of crude oil and the rising prices of
imports. The resulting external and internal in balances are manifested
in the adverse balance of payment position, unemployment and low
capacity utilization in virtually all sectors as well as the
deteriorating purchasing power of the populace (Atte and Muhammed-
Lawal, 2006).
The contribution of agriculture to the Nigerian
economic growth is very low compared to what it used to be in the past
14 years. Nigerian agriculture to a large extent still possesses the
characteristics of a peasant economy that was prominent in the
pre-independence period. Given the information above, this study seeks
to assess the impact of agriculture on economic growth in Nigeria from
1985-2010
1.3 Objectives of the Study
The purpose of this study is to assess the impact of agriculture on economic growth in Nigeria.
However, the study will:
1. Examine the effect of agricultural practice in Nigeria on agricultural productivity.
2. Assess the impact of budgetary allocation and agricultural policies on agricultural productivity.
3. Estimate the trend of growth of agricultural sector in Nigeria since 1985 up to 2010.
4. Determine the relationship between agriculture and economic growth in Nigeria.
1.4 Research Questions
The following questions will guide the study.
1. What is the growth of Agricultural sector between 1985-2010?
2. To what extent has budgetary allocation and agricultural policies affected agricultural productivity in Nigeria?
3. Is there any significant relationship between agriculture and economic growth in Nigeria?
1.5 Hypothesis of the study
The hypothesis of no significant difference will be used to estimate the relationship between agriculture and economic growth.
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
-
ABSRACT - [ Total Page(s): 1 ]This study examined and analysed the impact of agriculture on economic growth in Nigeria. It adopted the secondary data sourced from Central Bank of Nigeria covering the period 1985 to 2010. The study employed the modern Time Series of the Ordinary Least Square to test for the relationship between agriculture and economic growth in Nigeria. The results derived infer that there exists a significant relationship between agriculture spending and economic growth. The null hypothesis stated for this ... Continue reading---
