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The Impact Of Agriculture On Economic Growth In Nigeria
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1.6 Significance of the Study
The
study is relevant in a true sense that it will help to promote
agriculture in Nigeria. The study will help bring radical transformation
for national growth, especially through its effect on rural incomes and
provision of resources for transformation into an industrialized
economy. This present study will help policy makers and government to
address the challenges of climatic change, global recession and
dwindling revenue which threatens food security. The Nigerian populace
will benefit from this study because agricultural revolution will be
able to provide the quality and quantity of food.
Industrial and
Manufacturing firms will also benefit from steady supply of raw
materials and provide large markets for industrial products. Government
will benefit because the study will help it to put political will in
promoting agriculture in order to achieve full economic growth in
Nigeria.
1.7 Brief Methodology
The study relied on secondary
data sourced from the Central Bank of Nigeria (CBN) from 1985 to 2010
reported in their statistical bulletin. It adopted the descriptive and
analytical statistics to analyse the data employing different
econometric methods such as unit root test, co integration and Error
Correction Model among others with the support of E-view statistical
package. The Ordinary Least Square was utilized to test the
relationship between agriculture and economic growth in Nigeria.
1.8 Plan of Study
This
study was divided into five chapters. Chapter one covers the
introduction of the study, the statement of the problem, the objectives
of the study, research questions and hypothesis among others. The review
of relevant and related studies covering the theories that explain the
relationship between agriculture and economic growth are in Chapter two,
while Chapter three discusses and explains the analytical framework and
methodology adopted for the study. Chapter four concentrated on the
empirical result and discussion of the study and Chapter five focuses on
the summary, conclusion and recommendations on the basis of the study’s
findings.
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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---
