Effect of Agricultural Productivity on Nigeria's Economic Growth, (1991-2022)

ABSTRACT

This study analyzed the effect of agricultural productivity on Nigeria’s economic growth during the 1991-2022 period. The specific objectives of the study were to examine the effect of agricultural productivity on Nigeria’s economic growth from 1991-2022; examine the contribution of agricultural sector to Nigeria’s economic growth; Investigate the relationship between agricultural productivity and overall economic growth in Nigeria from 1991-2022; make recommendations for policymakers to enhance agricultural productivity and its positive effects on the Nigerian economy.

Secondary data were collected from the internet, which was from the central bank of Nigeria (CBN) Statistical bulletins for various years provided me with data for Nigeria’s gross domestic product (GDP), data for the major agricultural sectors which are forestry production, fish production, crop production, and livestock production for the years under study 1991-2022. The statistical package Excel spread sheet was used to compute the data and Microfit was used to analyze the data.

The results from the trend analysis for objective 1 shows that RGDP increases with an increase in crop production, RGDP increases with an increase in livestock production, RGDP increases with increase in fish production and lastly RGDP increases of the country’s economy in correlation with increase in forestry production.

Based on findings, this study recommends Government should provide funds to acquire sophisticated farm tools and increase her budgetary allocation to this sector in a consistent manner because of its importance to the national economy, hoping that with proper monitoring of fund, it would contribute more significantly to the economy of the country.

Government should invest in research with the aim of improving livestock and fish breeds in Nigeria.

The Nigerian government should invest in improved storage infrastructure, support small famers with producer services, and improve rural poor farmers to access tangible and intangible benefits of the government.    

 

  

 

 

 

 

 

 

 

 

 

 

 

 

TABLE OF CONTENT

Title Page                                                                                                             i                                                                                                          

Certification                                                                                                         ii

Dedication                                                                                                            iii

Acknowledgement                                                                                               iv

  Abstract                                                                                                              v

Table of content                                                                                                   vii

 

 

 

 

 

 

 

 

 

 

 

CHAPTER ONE

1.0   INTRODUCTION

1.1   Background of The Study

1.2   Statement of Problem

1.3   Objective of The Study

1.4   Research Hypothesis

1.5   Justification of The Study

1.6    Organization of The Study

 

CHAPTER TWO

2.0    LITERATURE REVIEW

2.1   Conceptual Framework

2.1.1    Agricultural Productivity

2.1.2    Economic Growth

 

2.2    THEORITICAL FRAMEWORK

2.2.1   Productivity and Growth

2.2.1.1    The Measure of Productivity

2.2.2.2     Agricultural Labour and Capital Productivity Measure

 

2.3    EMPIRICAL FRAMEWORK

2.3.1   Review of Empirical Literature

 

CHAPTER THREE

3.0   RESEARCH METHODOLOGY

3.1   Study Area

3.2   Source of Data

3.3    Methods of Data Analysis

3.4   Autoregressive Distribution Lag (ARDL) Co-integration Approach

3.5    Unit root test

3.6     Co-integration Analysis: ARDL bounds Test

3.7       Error Correction Model

 

CHAPTER FOUR

4.0   RESULTS AND DISCUSSIONS

4.1   Trend of Contribution of Agricultural Sector to Nigeria’s Economic Growth Within the Study Period (1991-2022)

4.2   Descriptive Statistics of Relationship Between Agricultural Productivity and Overall Economic Growth in Nigeria from 1991-2022

4.3    Relationship Between Agricultural Productivity and Overall Economic Growth in Nigeria from 1991-2022

4.3.1     ADF test for stationarity (Unit root test)

4.3.2    Bounds test for Co-integration

4.3.3      Long-run estimates

4.3.4      Short-run estimates

4.3.5        Diagnostic test

4.3.6       Stability Test

 

CHAPTER FIVE

5.0   SUMMARY, CONCLUSION AND RECOMMENDATION

5.1    Summary of Major Findings

5.2    Conclusion

5.3    Recommendation

5.4     REFERENCES