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ABSTRACT
The study investigated the role of agriculture and industrialization on real gross domestic product per capita (RGDP) of Nigeria. For the data, annual time series data were obtained from the Central Bank of Nigeria Statistical Bulletin and the World Bank for the period 198 to 2021 on the variables used for the study. Unit root test was conducted using Augmented Dickey-Fuller test technique and the result showed that the variables were stationary though at first difference. Co-integrated test was also conducted using Johansen co-integration test method and the result showed that the variables in the model are cointegrated meaning that the variables have a long run relationship. The coefficient on ECM(-1) is negative and statistically significant, which suggests that the model is correcting for errors in the previous period. The result from long run dynamic analysis showed that the components of agriculture and industrialization have significant effect on economic development proxied by real gross domestic product per capita in Nigeria. Specifically, whereas industrialization exerted a positive impact on economic development, agriculture on other hand influenced economic development negatively. Based on this result, it was recommended that government should increase its capital expenditure on the agricultural sector because of the inadequate supply of infrastructure which impaired the ability of agriculture to improved economic development. Also, it is advised that appropriate macroeconomic policies be implemented so as to achieve the desired result. On the other hand, there should be revitalization of redundant industries as well as establishment of new industries. This will help increase output and provide employment opportunities for the growing population.
