Agricultural Exports and its Impact on Economic Growth in Nigeria
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