TO GET THE COMPLETE JOURNAL/THESIS FOR TOPIC BELOW,
CALL: 08168759420, 08068231953
WHATSAPP: 08137701720
CONTRIBUTION OF AGRICULTURE TO ECONOMIC GROWTH IN NIGERIA
Abstract
This paper investigates the contribution of the agriculture sector to economic growth in Nigeria using the growth accounting framework and time series data from 1960 to 2011. We find that the agriculture sector has contributed positively and consistently to economic growth in Nigeria, reaffirming the sector‟s importance in the economy. The contribution of agriculture to economic growth is further affirmed from a causality test which showed that agriculture growth Granger-causes GDP growth, however no reverse relationship was found. The resilient nature of the sector is evident in its ability to recover more quickly than other sectors from shocks resulting from disruptive events e.g. civil war (1967-70) and economic recession (1981-85) periods. We also find that the crop production subsector contributes the most to agriculture sector growth and that growth in the agriculture sector is overly dependent on growth of the crop production subsector. This indicates the importance of this subsector and probably, lack of attention or investment to the other subsectors. Therefore, increased efforts in developing the livestock, fisheries and forestry subsectors will foster the contributions of agriculture sector to the Nigerian economy.
Key words: Agriculture, Economic Growth, GDP, Nigeria, Growth Accounting, Granger causality tests.