ABSTRACT
In recent decades, the potential contribution of agriculture
to economic growth has been a subject of controversy among development
economists. While some argue that agricultural development is a prerequisite
for industrialization, others strongly disagree and argue for a different path.
Taking advantage of the ordinary least square method (OLD),
searches through secondary data and the use of independent variables:
agricultural development, capital accumulation, inflation rate and interest
rate review the question of whether agriculture could serve as an engine of
growth of the Nigerian economy
The results of the empirical analysis shows that
productivity in the agricultural sector has not significantly positive impact
on economic growth of Nigeria.
TABLE OF CONTENTS
Cover Page .. .. .. .. .. .. ..
Title Page .. .. .. .. .. .. .. ..
Certification .. .. .. .. .. .. .. ..
i Dedication .. .. .. .. .. .. .. .. ..
ii Acknowledgement .. .. .. .. .. .. ..
iii Abstract .. .. .. .. .. .. .. ..
iv Table of Contents .. .. .. .. .. ..
CHAPTER ONE
INTRODUCTION .. .. .. .. .. ..
1.1 Background of the Study .. .. .. .. ..
1 1.2 Statement of Problem .. .. .. .. .. .. 12
1.3 Objectives of the Study .. .. .. .. .. 15
1.4 Statement of Hypothesis … .. .. .. .. 16
1.5 Significance of the Study .. .. .. .. 16
1.6 Scope and Limitations of the Study .. .. ..
17 CHAPTER TWO LITERATURE REVIEW
2.1 Theoretical Literature .. .. .. .. .. 18
2.1.1 Agriculture As A Passive Contributor to Economic
Development (Classical School of 1950s and 1960s). .. .. .. .. .. .. 30
2.1.2 Agricultural led Industrialization (Classical School
of 1970s and 1980s) .. .. .. 31
2.1.3 Agricultural Linkages And Growth and Development .. ..
.. .. .. .. .. 32
2.1.4 Problems Associated with Agricultural Development 36
2.1.5 Empirical Literature .. .. .. .. .. .. 45
2.2.1 Agriculture and Poverty Reduction .. .. .. 46
2.2.2 Agriculture and Nutrition .. .. .. .. .. 47
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Methodology .. .. .. .. .. . . .. 51
3.2 Area of Study and Coverage .. … …. .. 52
3.3 Model Specification .. .. .. .. .. .. 52
3.4 Data Sources .. .. .. .. .. .. .. 53
3.5 Method of Evaluation .. .. .. .. .. 54
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF RESULTS
4.1 Unit Root Test .. .. .. .. .. .. 59
4.2 Co-Integration Test .. .. .. .. .. .. 61
4.3 Economic Opinion, Interpretation .. .. .. 63
4.4 Statistical Criteria of the Result .. .. .. .. 65
4.5 Econometric Criteria of the Result .. .. .. 68
CHAPTER FIVE
SUMMARY, RECOMMENDATION AND CONCLUSION
5.1 Summary of Findings .. .. .. .. .. 67
5.2 Policy Recommendation .. .. .. .. .. 68
5.3 Conclusion .. .. .. .. .. .. .. 70
Bibliography .. .. .. .. .. .. .. ..
Appendix .. .. .. .. .. .. .. .. ..