IMPACT OF AGRICULTURAL DEVELOPMENT ON ECONOMIC GROWTH IN NIGERIA 1980-2016

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ABSTRACT

In recent decades, the main and potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. As some contend that agricultural development is a pre—condition for industrialization, others strongly object it and argue for a different path. Taking advantage of ordinary least square method (OLS), the research carried out by means of secondary data and using the, independent variables. Real gross domestic product (RGDP), Agricultural Development (AGRO), Ination Rate(INF), Real Interest Rate (RIP) to re—examine the question of whether agriculture could serve as an engine of Economic growth in Nigeria. The result obtained from the empirical analysis shows that the productivity in agricultural sector has appreciably impacted positively on the economic growth in Nigeria during the period of 1980 to 2016.The study recommends the acceleration of agricultural development to increase the agricultural output of Nigeria for greater prosperity.