You have no items in your shopping cart.
ABSTRACT
This study examines the impact of Agricultural Development on Nigeria Economy (from 1980 – 2022) so as to be able to find out how agricultural development has helped in improving the economy of Nigeria. The methodology of this study is Ordinary Least Squares which shows that agricultural development has a positive and significant impact on Nigeria Economy. The data used for this study were secondary data sourced from Central Bank of Nigeria Statistical Bulletin and World Development Indicators. The empirical results obtained from the estimation exercises indicates that there exists a positive relationship between agricultural output and real gross domestic product in Nigeria, gross capital formation and labour productivity were also found to be positively related to real gross domestic product while inflation rate was found to be negatively related to real gross domestic product in Nigeria. Therefore, it is recommended that, government should increase investment in agriculture channeled towards projects that will improve agricultural modernization and development in Nigeria.
