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The Impact Of Agricultural Development On Nigeria Economic Growth (1980-2010)
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In recent decades, the main and potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. As some contend that agricultural development is a pre-condition for industrialization, others strongly object it and argue for a different path. Taking advantage of ordinary least square method (OLS), the research carried out by means of secondary data and using the independent variables. Agricultural Development (AGD), Capital Formation (CFN) Inflation Rate (INF), and Interest Rate (INT) to re-examine the question of whether agriculture could serve as an engine of Economic growth in Nigeria. The result gotten from the empirical analysis shows that the productivity in agricultural sector has appreciably impacted positively on the economic growth in Nigeria.
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CHAPTER ONE - [ Total Page(s): 3 ]However, the 1967 to 1970 civil war in Nigeria coincided with the oil
boom era, which resulted in extensive exploration and exportation of
petroleum and its strong agriculture in favour of an unhealthy
dependence on oil (United States Department of state, 2005). Ever since
then, Nigeria has been witnessing extreme povertyand insufficiency
of basic food items. The agricultural sector contributions now accounts
for less then 5% of Nigeria’s GDP (Olagbaju and Fashola, 1996). It i ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 3 ]However, the 1967 to 1970 civil war in Nigeria coincided with the oil
boom era, which resulted in extensive exploration and exportation of
petroleum and its strong agriculture in favour of an unhealthy
dependence on oil (United States Department of state, 2005). Ever since
then, Nigeria has been witnessing extreme povertyand insufficiency
of basic food items. The agricultural sector contributions now accounts
for less then 5% of Nigeria’s GDP (Olagbaju and Fashola, 1996). It i ... Continue reading---
ABSRACT -- [Total Page(s) 1]
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ABSRACT -- [Total Page(s) 1]
Page 1 of 1