Greener Journal of Agricultural Sciences

Excellence and Timeliness

  
  

Change Language

Taiga and Ameji

Greener Journal of Agricultural Sciences

Vol. 10(1), pp. 43-50, 2020

ISSN: 2276-7770

Copyright ©2020, the copyright of this article is retained by the author(s)

https://gjournals.org/GJAS

 

 

 

 

 

 

 

Agricultural Exports and its Impact on Economic Growth in Nigeria

 

 

Taiga, Usio Uchechi 1*; Ameji, Negedu Enemona 2

 

 

*1 Department of Economics, Federal University of Lafia, Lafia, Nasarawa State. Email:usiotaiga@ gmail. com; Phone:+2348067023849

2 Department of Economics, Federal University Lokoja. Email:mona4life2006@ yahoo. com; Phone:+2348069603222

                                

  

ARTICLE INFO

ABSTRACT

 

Article No.: 01302015

Type: Research

 

 

This study examined the impact and relationship between agricultural exports and economic growth in Nigeria for the period of 1981 to 2017. The study was guided by two research questions and objectives. The Ordinary Least Square (OLS) and Johansen Co-Integration test were employed for the hypotheses of the study. Results from the OLS regression model shows that agricultural exports had a positive and significant relationship on economic growth therefore, provides evidence that agricultural sector contributes significantly to GDP growth in Nigeria. The findings also show that at 5 per cent critical level agricultural export increases economic growth by 5 per cent. The Co-integration test result indicated that there exists a long run relationship among the variables. The contribution of agricultural exports of 5 per cent is however low. To improve on the gains of agricultural exports for growth in the economy, the study therefore recommends that the government should provide funds to acquire sophisticated farm tools and increase the country’s budgetary allocation to the agricultural sector in a consistent manner, initiate programmes and policies that will ensure adequate partnerships between research institutions and higher institutions of learning to breach the widening gap between theory and practice, among others were proffered.

 

Accepted:  31/01/2020

Published: 25/02/2020

 

*Corresponding Author

Taiga, Usio Uchechi

E-mail: usiotaiga@ gmail. com

Phone: +2348067023849

 

Keywords: Agriculture; Exports; Inflation; Economic Growth; Development

 

 

 

Return to Content       View [Full Article - PDF]  

[Full Article - HTML]             [Full Article - EPUB]

Post-Publication Peer-review Rundown

View/get involved, click [Peer-review]

 


REFERENCES

 

Adofu, I., Taiga, U. U., & Tijani, Y. (2015). Manufacturing sector and economic growth in Nigeria (1990-2013). Donnish Journal of Economics and International Finance, 1(1), 001 – 006.

 

Ahmed, Y. O. (2000). Bank of the north pamphlets on agricultural financing: various circulars and policy guidelines on agricultural financing in bank of the north limited. A Paper delivered at Seminars at Bank of the North Human Resources and Development Centre by (Agric. Officer, Bank of the North Limited).

 

Anyanwu, S. O., Offor, U. S., Adesope, O. M., & Ibekwe, U. C. (2013). Structure and growth of the GDP (1960-2008): implication for small and medium enterprises in Nigeria. Global Advanced Research Journal of Management and Business Studies, 2(6), 342-348.

 

CBN (2015). Statistical bulletin. A Publication of the Central Bank of Nigeria, Vol. 25.

 

CBN (2016). Statistical bulletin. A Publication of the Central Bank of Nigeria, Vol. 26.

 

CBN (2017). Statistical bulletin. A Publication of the Central Bank of Nigeria, Vol. 27.

 

Chigbu, U. E. (2005). Agriculture as the only saviour to Nigeria dyeing economy. Retrieved on 12th July 2005 from http://www.nigerianvillagesquare.com/articles/guest/2005/03/agric-as-only-saviour-to.html.

 

Ekpo, A. H. & Umoh, O. J. (2012). Overview of the Nigerian economic growth and development. Retrieved from www.onlinenigeria.com.

 

Federal Republic of Nigeria (2000). Obasanjo’s economic direction 1995-2003. Office of the Honourable Minister for Economic Matters, Abuja, Nigeria.

 

Iganiga, B. O. & Unemhilin, D. O. (2011). The impact of federal government agricultural expenditure on agricultural output in Nigeria. Journal of Economics, 2(2), 81-88.

 

Lawal, W. A. (2011). An analysis of government spending on agricultural sector and its contribution to GDP in Nigeria.  International Journal of Business and Social Science, 2(20), 244-250.

 

Muhammad-Lawal, A. & Atte, O. A. (2006). An analysis of agricultural production in Nigeria. African Journal of General Agriculture, 2(1).

 

National Bureau of Statistics (2017). Nigerian gross domestic product report. Quarter two 2017, Abuja–Nigeria.

 

Nigerian National Planning Commission (2004). Meeting everyone’s Needs- national economic empowerment and development strategy Nigerian national planning commission, Abuja.

 

Ojeka, G. O., Effiong, C. E., & Eko, E. O. (2016). Constraints to agricultural development in Nigeria. International Journal of Development and Economic Sustainability, 4(2), 19 – 33.

 

Oji-Okoro, I. (2011). Analysis of the contribution of agricultural sector on the Nigerian economic development. World Review of Business Research, 1(1), 191 – 200.

 

Olajide, O., Akinlabi, B., & Tijani, A. (2012). Agricultural resource and economic growth in Nigeria. European Scientific Journal, 8(22), 103-115.

 

Onunze, M. T. (2012). The impact of agricultural development of Nigeria economic growth. Department of Economics, Faculty of Management and Social Sciences, Caritas University, Enugu State.

 

Suleiman, G. P. & Aminu, U. (2010). Analysis of the contribution of the three key sectors (agriculture, petroleum and manufacturing) of the Nigerian economy. Journal of Management Studies, Usman Danfodio University, Sokoto.

 

Ukeje, E. U. (2005).  Modernizing small holder agriculture to ensure food security and gender empowerment: Issues and policy retrieved from http://www.g24.org/ukeje.pdf on June 20th, 2005.


 

 

 

Cite this Article: Taiga, UU; Ameji, NE (2020). Agricultural Exports and its Impact on Economic Growth in Nigeria. Greener Journal of Agricultural Sciences 10(1): 43-50.

.

 


Advertisement


Call for Articles/Books

Call for Scholarly Articles


Authors from around the world are invited to send scholary articles that suits the scope of this journal. The journal is currently open to submissions and will process and publish articles daily, immediately they are ready.


The journal is centered on quality and goes about its processes in a very timely fashion. Seasoned editors/reviewers will be consulted to review each article(s), profer quality evaluations and polish the articles with expertise before publication.


Use our quick submit button to submit or simply send your article(s) as an e-mail attachment to manuscripts@acad.gjournals.org or manuscripts.igj@gmail.com.


Call for Books


You are also invited to submit your books for online or print publication. We publish books related to all academic subject areas.    Submit as an e-mail attachment to books@acad.gjournals.org.




Search

Login Form

Other Journals


Newsletters


Sponsored