ABSTRACT
This study assesses the impact of agricultural policies and
development on economic growth in Nigeria. The data used in this study was
collected from secondary data which covers about 33 years. Unit root, ordinary
least square and co-integration estimating technique of data analysis was used
in evaluating the secondary data. GDP was used as a proxy to economic growth,
while interest rate, and government re-current and capital expenditure on
agriculture were used as indicators of agricultural policies. From the
findings; Re-current expenditure on agriculture and GDP are positively related,
government capital expenditure on agriculture and interest rate and GDP was
negatively related. It was found that a negative relationship exist between
agricultural policies and the economic growth in Nigeria. The findings also
revealed that the sector still encounter some problems like poor formulation
and implementation of policies. Therefore, the study recommends that it is
imperative for the country to develop its agricultural sector through
sufficient government spending in order to set-up its economic growth. It
emphasizes the need to enlighten farmers, improve and provide infrastructures,
accord a priority to the sector in budget allocation, enthrone adequate and
appropriate extension services, among other measures laid by the government.
TABLE
OF CONTENTS
CHAPTER 1: INTRODUCTION
1.1 Background of Study…………………………………………………………………..1
1.2 Statement of Problem…………………………………………………………………..3
1.3 Objectives of Study…………………………………………………………………….5
1.4 Research Questions…………………………………………………………………….6
1.5 Justification of Study…………………………………………………………………..6
1.6 Scope of Study………………………………………………………………………….7
1.7 Organization of Study………………………………………………………………….7
CHAPTER 2: LITERATURE AND THEORETICAL REVIEW
2.0
Introduction……………………………………………………………………………8
2.1Conceptual Framework………………………………………………………………..9
2.1.1Agriculture and Economic Growth…………………………………………………..10
2.1.2Agricultural Policies and Programmes in
Nigeria……………………………………14
2.1.3Structural Adjustment Program………………………………………………………16
2.1.4The National Agricultural
Policy…………………………………………………….19
2.1.5National Economic and Empowerment Development
Strategy………………………19
2.1.6Challenges of Agricultural Policies and Programmes in
Nigeria…………………….20
2.2Theoretical Review……………………………………………………………………22
2.3Empirical Studies…………………………………………………………………….23
CHAPTER 3: RESEARCH METHOLOGY
3.0Introduction…………………………………………………………………………..28
3.1Sources and Methods of Data
Collection…………………………………………….28
3.2Theoretical Framework ………………………………………………………………28
3.3Model Specification………………………………………………………………….31
3.3.1Definition of Variables……………………………………………………………….32