THE IMPACT OF AGRICULTURAL DEVELOPMENT ON NIGERIA ECONOMIC GROWTH (1980-204)

THE IMPACT OF AGRICULTURAL DEVELOPMENT ON NIGERIA ECONOMIC GROWTH (1980-204)

ABSTRACT

In recent decades, the potential contribution of agriculture to economic growth has been a subject of controversy among development economists. While some argue that agricultural development is a prerequisite for industrialization, others strongly disagree and argue for a different path.
Taking advantage of the ordinary least square method (OLD), searches through secondary data and the use of independent variables: agricultural development, capital accumulation, inflation rate and interest rate review the question of whether agriculture could serve as an engine of growth of the Nigerian economy
The results of the empirical analysis shows that productivity in the agricultural sector has not significantly positive impact on economic growth of Nigeria.

TABLE OF CONTENTS

Cover Page .. .. .. .. .. .. ..

Title Page .. .. .. .. .. .. .. ..

Certification .. .. .. .. .. .. .. ..

i Dedication .. .. .. .. .. .. .. .. ..

ii Acknowledgement .. .. .. .. .. .. ..

iii Abstract .. .. .. .. .. .. .. ..

iv Table of Contents .. .. .. .. .. ..

CHAPTER ONE

INTRODUCTION .. .. .. .. .. ..

1.1 Background of the Study .. .. .. .. ..

1 1.2 Statement of Problem .. .. .. .. .. .. 12

1.3 Objectives of the Study .. .. .. .. .. 15

1.4 Statement of Hypothesis … .. .. .. .. 16

1.5 Significance of the Study .. .. .. .. 16

1.6 Scope and Limitations of the Study .. .. ..

17 CHAPTER TWO LITERATURE REVIEW

2.1 Theoretical Literature .. .. .. .. .. 18

2.1.1 Agriculture As A Passive Contributor to Economic Development (Classical School of 1950s and 1960s). .. .. .. .. .. .. 30

2.1.2 Agricultural led Industrialization (Classical School of 1970s and 1980s) .. .. .. 31

2.1.3 Agricultural Linkages And Growth and Development .. .. .. .. .. .. .. 32

2.1.4 Problems Associated with Agricultural Development 36

2.1.5 Empirical Literature .. .. .. .. .. .. 45

2.2.1 Agriculture and Poverty Reduction .. .. .. 46

2.2.2 Agriculture and Nutrition .. .. .. .. .. 47

CHAPTER THREE

RESEARCH METHODOLOGY

3.1 Methodology .. .. .. .. .. . . .. 51

3.2 Area of Study and Coverage .. … …. .. 52

3.3 Model Specification .. .. .. .. .. .. 52

3.4 Data Sources .. .. .. .. .. .. .. 53

3.5 Method of Evaluation .. .. .. .. .. 54

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF RESULTS

4.1 Unit Root Test .. .. .. .. .. .. 59

4.2 Co-Integration Test .. .. .. .. .. .. 61

4.3 Economic Opinion, Interpretation .. .. .. 63

4.4 Statistical Criteria of the Result .. .. .. .. 65

4.5 Econometric Criteria of the Result .. .. .. 68

CHAPTER FIVE

SUMMARY, RECOMMENDATION AND CONCLUSION

5.1 Summary of Findings .. .. .. .. .. 67

5.2 Policy Recommendation .. .. .. .. .. 68

5.3 Conclusion .. .. .. .. .. .. .. 70

Bibliography .. .. .. .. .. .. .. ..

Appendix .. .. .. .. .. .. .. .. ..

THE IMPACT OF AGRICULTURAL DEVELOPMENT ON NIGERIA ECONOMIC GROWTH (1980-204)