Abstract:
Nigeria is generously endowed with abundant natural resources but the effect of the agricultural
resources in bringing about economic growth and sustainable development remained unclear.
Thus, the main focus of this research work is to quantify the trend and contribution of
agricultural export products to economic growth in Nigeria. We analyzed the relationship
between Gross Domestic Product (GDP) and agricultural exports for Nigeria by employing
Johansen co- integration technique and General Method of Moment (GMM) for the period 1960-
2016. The findings of the study showed that agricultural exports (total) have negative and
insignificant effect on economic growth. Also, looking at each sub-sector that makes agricultural
sector, the findings revealed that out of four sub-sectors that were used in our model, only
beverages and tobacco sub-sector was statistically significant but in a negative direction. It is
suggested that agriculture should be given a sustainable and consistent attention to promote
agricultural productivity and increased value addition to generate a well-diversified high valued
products for increased foreign exchange earnings through increased exports that is needed for
sustainable growth and development. |
