IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 11 NO. 4 2025
DOI: 10.56201/ijebm.vol.11.no4.2025.pg142.158

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Effects of Agricultural Sector Performance on Economic growth in Nigeria

Momodu, AA, Ewubare DB, Chukwu, SN and Gbaranen, RK

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Abstract

This study determined the effects of agricultural sector performance on economic growth in Nigeria. The study covered a period of forty-three (1981 to 2023). The study proxied agricultural sector performance by crop production, livestock production, forestry production and fishing production while economic growth was measured by Gross Domestic Product. The study made use of time series data and the data were sourced from World Bank Indicators (WDI) of the World Bank, Central Bank of Nigeria (CBN) statistical bulletin and National Bureau of Statistics (NBS) reports. The technique of data analysis adopted include: descriptive statistical technique, Augmented Dickey-Fuller (ADF) of unit root test, correlation matrix of multicollinearity test, and Autoregressive Distributive Lag (ARDL) approach. The findings of the study showed that crop production, livestock production and fishing production have positive and significant effect on Gross Domestic Product in Nigeria. Also, forestry production has a positive and non-significant effect on Gross Domestic Product. Premised on the findings, the study concluded that agricultural sector performance significantly contributes to economic growth in Nigeria. The study recommends that the government and private sector should prioritize investments in agricultural infrastructure, including irrigation systems, rural roads, storage facilities, and processing plants, which will boost crop yields, while improved roads will reduce transportation costs and waste, making Nigerian agricultural products more competitive domestically and internationally.

keywords:

Gross domestic product, crop production, livestock production, forestry production, fishing production

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