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ABSTRACT
The purpose of the study was to determine the role of agriculture in economic growth and poverty reduction in Nigeria. The data used were collected from the statistical bulletin of the Central Bank of Nigeria and World Bank’s development indicators, and covered the period of 33 years ranging from 1981 to 2014. Multiple regression was used to analyze the data. The result showed that agriculture has significant impact o n economic growth in Nigeria. It was also showed that agriculture has significant impact on poverty reduction in Nigeria. The other variable included in the model which is non-agriculture output did not have significant impact on poverty reduction. The study therefore recommends among others that government provides more funding for agriculture universities in Nigeria to carry out researchers on all area of agriculture production; this will lead to more exports and improvement in the competitiveness of Nigeria agriculture reproduction in international markets. The Central Bank of Nigeria should also come up with a stable policy for loan disbursement to farmers at a reasonable interest payback.
Background of the Study
The role of agriculture in economic growth and poverty reduction has become an issueof great concern in developed and developing countries. Nnadi (2005) stated that agriculture is indispensable in addressing economic growth and poverty reduction, which are the most difficult challenges facing many countries in the world especially developing countries where on the average, majority of the population are considered poor. Evidences in Nigeria show that the number of those in poverty has continued to increase. The author stressed further that the rising profile of poverty in Nigeria is assuming a worrisome dimension as empirical studies have shown. In consonant with this, Ojo (2008) opined that, Nigeria, a sub-Saharan African country, has at least half of its population living in abject poverty. The UN Human Poverty Index in 1999, credited Nigeria with 41.6%, captured the phenomenon more succinctly as the figure placed the nation as amongst the 25 poorest nations in the world. As at 2004, the HPI (Human Poverty Index) value for Nigeria, 40.6, ranks 76th among 102 developing countries for which the index has been calculated. The country has increasing rate of poverty both at the regions and at the national level, high unemployment rate, high income inequality, low quality human capital, high percentage of population on welfare and high out migration in the face of high economic growth.
Agriculture is the production of food, feed, fibre and other goods by the systematic growing and harvesting of plants and animals (Akinboyo, 2008). According to, Brandt (2011), agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries
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SIMILAR AGRICULTURAL ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
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1. THE IMPACT OF MECHANICAL FARMING IN ECONOMIC DEVELOPMENT
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Oredo is one of the local government areas of Edo State. It is situated in the western part of Ni...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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2. EFFECTS OF REMITTANCES ON THE LIVELIHOOD OF FARM HOUSEHOLDS IN ENUGU STATE, NIGERIA
» ABSTRACT This study examined the effects of remittances on the livelihood of farm households in Enugu State Nigeria. Multistage random sampling techni...Continue Reading »Item Type & Format: Project Material - Ms Word | 67 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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3. IMPACT OF FINANCIAL SECTOR DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA (1980 - 2014)
» ABSTRACT This empirical study examined the impact of financial sector development on Nigerias economic growth 1981 to 2014. Secondary data on real g...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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4. AN INVESTIGATE INTO THE ECONOMICS OF METROPOLITAN AGRICULTURE IN ENUGU METROPOLIS OF ENUGU STATE
» CHAPTER ONE INTRODUCTION 1.1 Background Of Study Today’s cities operate on a throught put model, in which resources are imported and wastes are ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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5. EFFECTS OF OIL EXPLOITATION ON THE EFFICIENCY OF ARTISANAL FISHING HOUSEHOLDS IN THE NIGER DELTA REGION, NIGERIA
» ABSTRACT This study presents the empirical analysis of the effects of oil exploitation on the efficiency of artisanal fishing households in the Niger ...Continue Reading »Item Type & Format: Project Material - Ms Word | 120 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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6. ECONOMIC ANALYSIS OF SNAIL PRODUCTION
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The country food situation during the last and present decades becomes as critical as to constitu...Continue Reading »Item Type & Format: Project Material - Ms Word | 66 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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7. EFFECT OF WORLD BANK ASSISTED COMMERCIAL AGRICULTURE DEVELOPMENT PROJECT ON RICE FARMERS’ PRODUCTIVITY AND PROFITABILITY IN BADAGRY LAGOS STATE
» ABSTRACT This research work evaluated the effect of the World Bank Assisted Commercial Agricultural Development Project on rice farmers’ product...Continue Reading »Item Type & Format: Project Material - Ms Word | 74 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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8. PERFORMANCE OF SESAME MARKETING SYSTEM IN NASARAWA STATE, NIGERIA
» ABSTRACT The study assessed the performance of sesame marketing system and the qualitative and quantitative impact of social capital. For primary data...Continue Reading »Item Type & Format: Project Material - Ms Word | 101 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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9. EFFECTS OF CAPITAL STRUCTURE OF SMALL AND MEDIUM SCALE AGRO-ENTERPRISES ON ACCESS TO MICROFINANCE BANKS CREDIT IN ENUGU STATE, NIGERIA
» ABSTRACT The study evaluated the effects of capital structure of small and medium scale agro enterprises on access to microfinance banks credit in Enu...Continue Reading »Item Type & Format: Project Material - Ms Word | 81 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT
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10. EFFECTS OF ECONOMIC PARTNERSHIP AGREEMENTS ON AGRICULTURAL TRADE BETWEEN SMALL AND LARGE ECOWAS ECONOMIES AND THE EU
» ...Continue Reading »Item Type & Format: Project Material - Ms Word | 76 pages | Instant Download | Chapter 1-5 | AGRICULTURAL ECONOMICS DEPARTMENT