THE IMPACT OF AGRICULTURAL DEVELOPMENT ON ECONOMIC GROWTH IN NIGERIA

ABSTRACT

This study has empirically examined the influence of Agricultural development on economic growth in Nigeria using real RGDP as the dependent variable and AGRQ, GFCF, INTR, and INFL as independent variables from 1985-2020. Data analysis revealed that relationship exists between Agricultural development and economic growth and that of all the components of economy growth, only AGRQ was found to be statistically significant and also conformed to a-priori expectations while GFCF, INTR and INFL were found to be Statistically insignificant. Based on the findings, it was recommended that Government should focus more on funding and not neglecting national programs that are set out to enhance and secure the property rights of all groups in the society such as lands for farming. And that the Government should also ensure that enough fund is released to the agricultural sector to ensure that chemicals and other necessary requirement that curb or reduce several kinds of diseases that affect adequate crop production are reduced and pestilence which may affect or truncate the productive life of a plant can also be minimized.

Keywords: Economic Growth, Agricultural development, Industrialization