Effect of Agricultural Output on Economic Growth in Nigeria

Abstract

Agriculture has been a prominent economic sector in the Nigerian economy. Overtime, its contribution to economic development in relation with other competing sectors has been a source of scholarly debate. This study examines the pattern of the agricultural sector’s activities and the effect of the sector on Nigeria’s economic growth in this new democratic dispensation from 1999. The descriptive analysis revealed that the agricultural sector’s contributions peaked at 37 per cent in 2002 and it is the highest contributor to economic output driven by crop production.  The empirical inquiry using the Multiple Ordinary Least Square (MOLS) method with secondary data (between 1999-2018) from the National Bureau of Statistics (NBS) further indicates that the agricultural output positively impacted on economic growth significantly. However, trade output impacted negatively while the manufacturing sector’s output impact was not statistically significant on the country’s economic growth. The study recommends that the positive impact of agricultural output through crop production should be made to reflect on trade and the manufacturing sectors by the agricultural value chain in the Nigerian economy.

Suggested citation

J.. Mayuku , A. Mayor , M. Ekperiware (2024). Effect of Agricultural Output on Economic Growth in Nigeria Koozakar Proceedings, 1(1). https://doi.org/10.69798/15656824

Metric