Strong economic growth therefore advances human development, which, in turn, promotes economic growth. It involves and comprises of crop production, livestock and forestry, fishery, processing and marketing of those agricultural. Impact of agricultural foreign aid on agricultural growth in. With the pressure to attain the mgds, it is important to investigate the contribution of the sector to nigerias economic growth. See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. Agriculture resource, resource, economic growth, gdp, nigeria introduction nigeria is generously endowed with abundant natural resources including biological and nonbiological resources. Adedipe associates limited, victoria island, lagos, nigeria. Nigeria gdp annual growth rate 19822019 data 20202022. Impact of agricultural development on the economic growth and development of nigeria, largest undergraduate projects repository, research works and materials. It becomes therefore imperative to study the impact of agricultural development on the nigeria economic growth. Impact of agricultural sector on nigeria economic growth. Impact of unemployment on economic growth of nigeria.
By focusing on agricultural development, nigeria can speed up its economic growth in the coming decade. The data were obtained from the cbn statistical bulletin and analysed using econometric methods being the ordinary least squares ols, cointegration, augumented. This page provides nigeria gdp annual growth rate actual values, historical data, forecast, chart, statistics, economic. Entrepreneurship and economic development in nigeria. Majority of people in nigeria live and work in rural area. This paper investigates the impact of agricultural exports on economic growth in nigeria using ols regression, granger causality, impulse response function and variance decomposition approaches. The role of agriculture in nigerias economy cannot be over emphasized.
In order to examine this impact, he specified a functional and operational form, and established a causal relationship between gdp and agricultural variables. The study examines the impact of agriculture on economic growth in nigeria from 1980 to 2014. Government expenditure on agriculture and economic growth in. It is the foundation upon which the development of stable human communities, such as rural and urban communities has depended on in many parts of the world. Agriculture is the backbone of nigeria s socioeconomic development. Pdf the impact of agricultural output on economic growth in.
Before the beginning of crude oil exports in 1978, agriculture accounted for about 30% of the. The study examined the impact of agricultural output on economic growth in nigeria. The impact of agricultural trade on economic growth in north. Agricultural credit and economic growth in nigeria. The study investigated the contribution of agricultural sector output to the growth of domestic economy in nigeria for the period 19802014. The sector is being transformed by commercialization at the small, medium and largescale enterprise levels. Thus, this study seek to examine the relationship between agricultural credit and economic growth in nigeria between 1986 and 2014 using stationary, cointegration test and modified ordinary least square fmols approach. Agricultural production and economic growth in nigeria 209 quarterly journal of international agriculture 53 2014, no. The impact of oil on nigerias economic policy formulation by biodun adedipe, ph. However, poverty is still a concern in the country. Motivated by this controversial, this study examined the impact of inflation on economic growth and established the existence of inflation growth relationship. Impact of agricultural financing on agricultural output. In addition, almost a fifth of the population is unemployed. Impact of the agricultural sector on nigeria s economic growth.
Using an ardl bounds test for cointegration, the study explore the short and long term effects of agricultural output on growth in nigeria using annual time series over. Background of the study agriculture is concerned with the husbandry of crops and animals for food and other purposes. The main aim of the study is to examine how livestock production affects agricultural output and economic growth in nigeria, however the following specific objectives are delineate. The paper analyses the relationship between agricultural resource and economic growth in nigeria. The paper studies the impact of agricultural output on economic growth in nigeria.
Increase in demand for food in an economy is determined by the following equation. Impact of unemployment on nigeria economic growth 19812017 pdf. However, coffee and banana export have positive relationship and significant to economic growth of the country. Agriculture played a dominant role in the economic growth of the country, providing employment opportunity, raw materials for industries and providing foreign exchange earnings for the country. Economic growth in nigeria has largely been accounted for by resilient agricultural growth associated with performance in four constituent subsectors. Equally highlighted are the problems of agricultural production in nigeria and the strategies for agricultural transformation of the economy. Agriculture contributes 40% of the gross domestic product gdp and employs about 70% of the working population in nigeria cia, 2012.
The impact of agricultural output on economic growth in. The agricultural sector contributions now account for less than 5% of nigerias gdp olagbaju and fashola, 1996. The trend in agriculture budget is positive for nigeria, the share of agriculture in federal governments annual budget ranges between 1. The usage of inorganic fertilizers was promoted by. Impact of agricultural sector on economic growth of. Pdf the impact of agricultural exports on economic. Similarly, over 58% of the labour force engaged in agriculture. This sector plays a pivotal role in the economy and exerts important effects on other sectors. To become a developed nation, nigeria needs to speed up its economic growth by focusing on vital economic sectors like education, energy, agriculture and manufacturing.
Impact of agricultural financing on agricultural output, economic growth and poverty alleviation in nigeria egwu, patricia ngozi agric economics department, ebonyi state university, pmb 053 abakaliki, nigeria abstract this study examined the impact of agricultural financing on agricultural output, economic growth and poverty. Specifically, the study examined the causality between agricultural sector and economic growth, as well as the impact of the sector on the growth of the nigerian domestic economy. This study empirically examined the impact of government expenditure on agriculture on economic growth in nigeria over the years. A case study of ikare akoko ondo state adams oluwadamilola kemi department of science and technology national defence college abuja, nigeria abstract. The impact of agricultural output on economic growth in nigeria 19812015 doi.
This paper empirically examined the impact of agricultural output on economic development in nigeria using annual time series data spanning 1986 to 2014. Arthur lewis classic 1954 paper, absolutely foundational to subsequent understanding of how agricultural development ignites economic growth and poverty reduction at. Download undergraduate projects topics and materials accounting, economics, education. Download the complete economics project topic and material chapter 15 titled impact of agricultural sector on economic growth of nigeria here on projects. The government should do well to build on the progress of the previous administrations in the area of agriculture.
Role of agriculture in the economic development of a country. A multivariate regression approach was employed to estimate augmented growth models. Impact of the agricultural sector on nigerias economic. On economic growth in nigeria nahanga verter1, vera becvarova1 1 faculty of regional development and international studies, mendel university in brno, zemedelska 1, 6 00 brno, czech republic abstract verter nahanga, becvarova vera. Several questions have been raised and these include what are the significant effects of agrarian credit on economic growth in nigeria. Agricultural production and economic growth in nigeria. Anthony 2010 presented an empirical analysis of the impact of agriculture credit on economic growth or the contribution of agriculture to gdp in nigeria. Agricultural financing, economic growth, investment productivity introduction and statement of problem in nigeria, agriculture remains the mainstay of the economy since it is the largest sector in terms of its share in employment philip, nkonya, pender and oni 2009. But under different conditions, similar rates of growth can have very different effects on poverty, the employment prospects of the poor and broader indicators of human development. Examine the effects of livestock production on agricultural output in nigeria. If agriculture fails to meet the rising demand of food products, it is found to affect adversely the growth rate of the economy. They used disaggregated analysis in an attempt to unravel the impact of government expenditure on economic growth. There is a strong linkage between agriculture and the economy.
All in text references underlined in blue are added to the original document and are linked to publications on researchgate, letting you access and read them immediately. The user has requested enhancement of the downloaded file. Role of agriculture in economic growth development. At this point in nigerias development, the best approach is to focus on the agricultural sector. The impact of agriculture on economic growth in nigeria. Nigeria is an economic leader with strong economic growth, a large population of hardworking, entrepreneurial people and the largest continental gdp. The impact of agriculture on economic growth in nigeria the term agriculture is derived from the latin words, ager, meaning field. The impact of agricultural export in the economic growth.
Raising supply of food by agricultural sector has, therefore, great importance for economic growth of a country. The impact of agricultural development on economic growth of nigeria, free undergraduate project topics, research materials, education project topics, economics project topics, computer science project topics, hire a data analyst. Dec 17, 2015 impact of the agricultural sector on nigerias economic growth. All intext references underlined in blue are added to the original document and are linked to publications on researchgate, letting you access and read them immediately. This research work focus on the impact of crude oil production on economic growth in nigeria, with time series date from 19802011, which cover a period of thirtytwo 32 years to examine the relative impacts of oil revenue, exchange rate and foreign reserve as the regressors on the regressed economic growth represented by gdp. Pdf the impact of agricultural exports on economic growth. Government expenditure and economic growth in nigeria. As it stands now, the role of agriculture is on the ascendency because of the current fall in oil prices. The impact of agricultural trade on economic growth in north africa.
The term agriculture has been subjected to different definitions by various experts. Their results reveal that government total capital expenditure, total. Ever since then, nigeria has been witnessing extreme poverty and insufficiency of basic food items. Nigeria economic alert gdp growth advanced in q119 on increased election spending nigerias economy expanded by 2. Click the download now button to get the complete project work instantly.
Impact of agricultural development on the economic growth and development of nigeria, free undergraduate project topics, research materials, education project topics, economics project topics, computer science project topics, hire a data analyst. Over half of the population lives below the national poverty line. Nigeria as a country seeks to become a leading economy in africa and a major player in the worlds economic and political affairs of which their 202020 plan is their guideline. The impact of unemployment on economic growth includes. Determinants of economic growth in nigeria kazeem b. Download the complete agriculture project topic and material chapter 15 titled the impact of agricultural export in the economic growth of nigeria here on projects. It involves and comprises of crop production, livestock and forestry, fishery, processing and marketing of those agricultural production. Ajide1 this paper investigates the role of frazer economic freedom index on fdi growth relationship over the period spanning 1980 through 2010 using annual time series data. This research paper investigates the impact of agriculture on economic growth of nigeria, considering the impact it will have to ensure the achievement of economic growth and recovery, from the devastating effects recession had on the economy from 2016 to the second quarter of 2017. Impact of agricultural output volatility on economic. Impact of agricultural sector on nigeria economic growth and development 1981 2015. The fact that economic growth is necessary for sustained development, coupled with data limitation, informs our focus on investigating the contributions of agriculture to economic growth, as measured by gross domestic product gdp, in nigeria.
Agriculture in nigeria is a branch of the economy in nigeria, providing employment for about 30% of the population as of 2010. Download the full project work from chapter one to five including references. Pdf the impact of agricultural output on economic growth. Effect of livestock production on agricultural output and. The impact of agricultural development on nigeria economic. Acta universitatis agriculturae et silviculturae mendelianae brunensis, 642. Government of nigeria has taken a giant stride to treat agriculture as serious political, economic and investment issue in nigeria.
Economic impact of livestock production on the society. The impact of agricultural trade on economic growth in. Almost 75% are rurally based compared to less than 25% in urban area. Agricultural sector performance and nigerias economic growth.
Government expenditure on agriculture and economic growth in nigeria ebere, chidinma1, osundina, kemisola c2 department of economics, banking and finance, babcock university, ogun state, nigeria abstract. Noula armand gilbert senior lecturer, sama gustave linyong phd student gwah munchunga divine m. This paper investigates the impact of agricultural exports on economic growth. Nigeria has maintained remarkable growth over the last decade, recording an average growth rate of 6. In the light of this, the study presents an empirical analysis of the impact of agriculture credit on economic growth in nigeria. Impact of unemployment on economic growth of nigeria mensch mind.
Adewara and oloni 2012 using the vector autoregressive models var showed that. It is against this back drop that we set out to research on the impact of agricultural development on nigeria economic growth. The impact of agricultural output on economic development in. The study also found that microfinance banks financing in the area of transportation and commerce, manufacturing and food processing and other activities have significantly impacted on economic growth and development of nigeria during the period. Arthur lewis classic 1954 paper, absolutely foundational to subsequent understanding of how agricultural development ignites economic growth and poverty reduction at larger scales. Bruce johnston, the role of agriculture in economic development was, along with the nobel laureate w. Agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries. He found the same results which confirm that in the long run exports have negative impact on economic growth and imports have a positive impact on economic growth. Contribution of agriculture to economic growth in nigeria1. Impact of agricultural sector on nigeria economic growth and development 19812017. The results revealed a positive cause and effect relationship between gross domestic product gdp and agricultural output in nigeria.
The resources of the entire world should be developed to the. The impact of the agricultural sector on nigeria economic growth performance 19802009 abstract the study set out to ascertain the extent to which agricultural sector has contributed to the growth of nigerian economy from 1980 to 2009. The ordinary least square regression method was used to analyze the data. The usage of inorganic fertilizers was promoted by nigerian government in the 1970s. Using an ardl bounds test for cointegration, the study explore the short and long term effects of agricultural. As noted earlier, the neglect of the agricultural sector and the dependence of nigeria on a monocultural crude oil based economy had not augured well for the wellbeing of the nigerian economy. The impact of conflict and political instability on agricultural investments in mali and nigeria i mwangi kimenyi is a senior fellow and director of the africa growth. Evaluate the effects of livestock sub sector on economic growth in nigeria. Timeseries data for the period 1990 2011 were used to examine the impact of inflation on economic growth. The impact of agricultural sector on economic growth in. Agriculture is the backbone of nigerias socioeconomic development.
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