THE EFFECT OF AGRICULTURE ON POVERTY REDUCTION IN NIGERIA 1981-2020
Abstract
This study sets out to analyze the effect of Agriculture on poverty reduction on
Nigeria's economic growth from 1981-2020 and was sourced from the CBN
statistical bulletin . The data for the study are collected from secondary sources.
The variables from which data are collected includes Gross domestic product
(GDP), Agricultural output (AGO) , Deposit money bank loans and advances
(DMBLA)and Industrial sector output (ISO) . Data are analyzed using the ordinary
least squares method (OLS). Findings revealed that there is a bi-directional
relationship between Agricultural output (AGO), GDP, Deposit money bank loans
and advances (DMBLA) and GDP, and Industrial sector output (ISO) and GDP.
Agricultural output (AGO) exerts a significant effect on gross domestic product,
Deposit money bank loans and advances (DMBLA) exerts a significant effect on
gross domestic product, while Industrial sector output (ISO) exerts a significant
effect on gross domestic product. From the findings the researcher recommends
that the country should prioritize agricultural production and consider the sector as
the preferred destination in its current economic diversification drive; this study
suggests the need for government to diversify its economy away from its major
dependency on oil by promoting the development of the agricultural sect
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.