Agricultural Sector Output and Economic Growth in Nigeria

NJOKU; Kevin Chinaka PhD; OLADOSU; Isaac Olubiyi

doi:10.56201/ijefm.v10.no2.2025.pg29.46

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Agricultural Sector Output and Economic Growth in Nigeria

NJOKU, Kevin Chinaka PhD, OLADOSU, Isaac Olubiyi

Abstract

The study empirically investigated the effect of agricultural sector output on economic growth in Nigeria over a period of thirty-eight years (i.e. from 1985 to 2022). Crop production, fishing production, livestock production and forestry production were used as the proxies of agricultural sector output while Gross Domestic Product was used as the proxy of economic growth. The study made use of annual times data which were sourced mainly from Central Bank of Nigeria (CBN) statistical bulletin. The techniques of data analysis adopted were Augmented Dickey-Fuller (ADF) statistic and Ordinary Least Square (OLS) regression technique. The findings of the study showed that crop production has a positive and significant effect on Gross Domestic Product in Nigeria, fishing production has a positive and significant effect on Gross Domestic Product in Nigeria, livestock production has an insignificant positive effect on Gross Domestic Product in Nigeria while forestry production has a positive and significant effect on Gross Domestic Product in Nigeria. Based on the findings, the study concluded that agricultural sector output has a significant effect on economic growth in Nigeria. The study recommended among others that government should encourage agricultural research and development as well as providing modern research facilities which would help improve the quality of agricultural output in the country.

Keywords

Agricultural Sector OutputEconomic GrowthGross Domestic Product

References

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Agricultural Sector Output and Economic Growth in Nigeria

Abstract

Keywords

References

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