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The Impact Of Government Agricultural Expenditure On Economic Growth In Nigeria
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This study looked into the impact of government agricultural expenditure on economic growth in Nigeria. Time series data were gathered from secondary sources on real GDP, government agricultural expenditure, agricultural output and agricultural credit from the CBN statistical bulletin covering the period between 1981 and 2019. Econometric methods such as Augmented Dickey-Fuller unit root test, Johansen Co-integration test, Ordinary Least Squares method and Granger Causality tests were used for data analysis. The study revealed that the overall model was statistically significant at 5% level of significance.
Agricultural output and agricultural credit have a positive effect on economic growth whereas government agricultural expenditure has a negative effect on economic growth. Therefore, the study recommends that budget allocations to the agricultural sector should be closely monitored and ensured that they are channeled into the right targets. The government should also put forth policies that will promote good lending environment for agricultural related investments. Financial institutions should be made more available in rural areas where most farmers reside.
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CHAPTER ONE - [ Total Page(s): 1 ]
1.1 Background of the StudyNigeria is endowed with abundant natural resources ranging from solid minerals to arable land with varieties of agricultural produce such as palm oil, cocoa, groundnut, beans, melon, corns, and rice, among others. The hub of Nigeria economy before the advent of oil in commercial quantity was agriculture, but with the emergence of oil, there were focus shift from being agricultural dependent country to crude oil dependent nation. Since the era of oil boom in the 197 ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 1 ]
1.1 Background of the StudyNigeria is endowed with abundant natural resources ranging from solid minerals to arable land with varieties of agricultural produce such as palm oil, cocoa, groundnut, beans, melon, corns, and rice, among others. The hub of Nigeria economy before the advent of oil in commercial quantity was agriculture, but with the emergence of oil, there were focus shift from being agricultural dependent country to crude oil dependent nation. Since the era of oil boom in the 197 ... Continue reading---
ABSRACT -- [Total Page(s) 1]
Page 1 of 1
ABSRACT -- [Total Page(s) 1]
Page 1 of 1