Abstract: This research work is to study the impact of agricultural sector on the economic growth of Nigeria between the year 2008 and 2017. The study employed the econometric approach of OLS which involved the use of regression analysis (multivariate). This will be used to examine the impact of Total Agricultural Output (TAO), Government Expenditure on Rural Healthcare (GERH), Government Expenditure on Rural Road Network (GERN) and Government Expenditure on Rural Electrification (GERE) on economic growth (Gross Domestic Product(GDP)).These independent variables were carefully selected to take along as many of such variables that will impact on economic growth of Nigeria. For instance, the popular saying that ‘Health is wealth’ is an understatement. Rather, ‘health is everything including wealth’. The specific objectives of this study are to examine the impact of the above independent variables on the economic growth in Nigeria. Secondary data is used. The data was sought from appropriate agencies-Central bank of Nigeria (CBN) and National Bureau of Statistics (NBS). By theoretical framework, we intend to examine some existing theories that can be used to study the nexus between agricultural sector and economic growth and development. These theories are the Lewis theory of development, the Solow-Swan neoclassical growth, the Harrod-Domar growth model and the theory of balance growth. The findings will be used to make recommendations to policy makers. It will also be added to the existing body of knowledge on the topic.
Title: THE IMPACT OF AGRICULTURAL SECTOR ON THE ECONOMIC GROWTH IN NIGERIA (2008-2017)
Author: Prof. P.O. Idisi, Dr. E.S. Ebukiba, G.A. Sunday
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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