The Empirical Analysis of Agricultural Sector and Its Contribution to Economic Growth in Nigeria

Economics

This paper analyses the Nigerian agricultural sector. Its main objective is to empirically examine the contribution of agricultural sector to Economic growth in Nigeria. The analytical framework employed in this study is Ordinary Least Squares (OLS) technique and Histogram-Normality Test, using the data of Nigerian economy covering the period of 1981 to 2018 sourced from its Central Bank (CBN) and World Development Indicators (WDI). The findings of the study revealed that, agricultural sector has significantly contributed to economic growth in Nigeria. Similarly, it has also been discovered that, the agricultural output in Nigeria has increased significantly especially from 2016 to 2018. The paper recommended that the Nigerian government should give more emphasis to its agricultural sector as it significantly contributes toward its economic growth, employment generation and food security for many years.

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