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The Impact Of Agricultural Development On Nigeria Economic Growth (1980-2010)
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1.3 Objectives of the Study The broad objective of this
study is to determine the impact of agricultural development on economic
growth in Nigeria.
1. To determine the impact of agricultural sector on
the economic growth in Nigeria.
2. To determine the effect of
agricultural sector on employment creation in Nigeria
1.4 Statement of
Hypothesis For the purpose of this study, the following hypothesis is
tested;
1. H0; Agricultural development has no significant impact on
economic growth in Nigeria.
2. H0; Agricultural development has no
significant effect on employment creation in Nigeria.
1.5 Significance
of the Study
The significance of this study depends on the fact that
with improved economy Nigeria stands to gain in its effects toward
development. This work attempts to answer
the question: What is the
relevance of agriculture in economic growth? The cause of agricultural
backwardness and how the present state of our agricultural productivity
will be improved. This will form the basis upon which suggestions and
contributions will be made as to how the full potentials of agriculture
can be harnessed. This work stands to benefit: i. Nigeria as a whole:
The research work intends to bring firth ways to increase agricultural
output both for the purpose of consumption and exportation which
ultimately will bring an increased favorable balance of payment (BOP)
for the nation. ii. This work will be advantageous to schools (staffs
and students) and will help them understand the importance of farming no
matter how small the scale of production may be.
1.5 Scope and
Limitations This research work focuses on the impact of agricultural
development on the economic growth of Nigeria between the period of 1980
to 2010. There are some factors or constraints which hinder my
achieving the whole intension of this work, these constraints are; time
factor, poor finance, environmental constraints like free movement to
research outside the school premises etc.
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ABSRACT - [ Total Page(s): 1 ]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 ( ... Continue reading---
