Population Growth, Agricultural Output and Economic Growth in Nigeria

Filed in Current Projects, Economics Project Topic by on August 10, 2022

 – Population Growth, Agricultural Output and Economic Growth in Nigeria –

ABSTRACT

This study investigated the relationship between agricultural output, Population growth and Economic growth in Nigeria for the period of 35years (1981-2015) using Ordinary Least Square estimation technique. The secondary data was obtained from the CBN Statistical Bulletin 2016.

The Augmented Dickey-Fuller (ADF) Unit Root Test was used to determine the stationarity of the variables and the Johansen Co-integration test was employed to testfor the long-run relationship between the variables in the series.

The pairwise Granger causality test and error correction Mechanism was also adopted. It was discovered that there is a long-run relationship among the variables.

Also the empirical findings was apparent from the regression result that agricultural output has a positive and significant impact on economic growth in Nigeria while population Growth exert a negative effect on economic Growth in Nigeria for the understudy, This latter finding is in tandem with Robert Malthus expectation.

Therefore, Government should make effort to capture more Nigerians unto agricultural productivity, enhance human capacity building and yield a meaningful and positive effect on Economic Growth in Nigeria.

INTRODUCTION

Agriculture is the most important single activity in the Nigerian economy with about 70% majority of the total workforce actively engaged in it (Ijirshar, 2015).

Yusuf (2014) defined agriculture as any activity which joins labour, land or soil, live animals, plants, solar energy, with a sole aim of making a living through food and meat production.

Odetola and Etumnu (2013) opined that reducing poverty, improving nutrition and general well-being of the population would imply improving the livelihood of this majority and this hinges critically on the performance of the agriculture sector.

Agriculture has been the backbone of the economy of Nigeria providing employment and source of livelihood for the increasing population it accounts for over half of the GDP of the Nigerian economy as at independence in 1960 (Izuchukwu, 2011).

REFERENCES

Abu J. Okwori J., Ajegi S. O., and Ochinyabo S. (2015). An Empirical Investigation of Malthusian Population Theory in Nigeria. Journal of Emerging Trends in Economics and Management Sciences; 6(8):367-375
Adewole, A. O. (2012). Effect of Population on Economic Development in Nigeria: A Quantitative Assessment. International Journal of Physical and Social Sciences; 2(5): 1- 14
Adonri, O. (2003), Integration of Population Data in Socio-economic Planning, in Nigeria Population Census 1991 Analysis: Relevance of Census Data to Public and Business Administration, Abuja, National Population Commission.
African Development Bank Report (2001). Fostering Good Governance in Africa. Oxford, Oxford University Press.
Akinbode, A. (2002). Introductory Environmental Resource Management. Ibadan, Daybis Limited.
Akinboyo O. L. (2008). Five decades of agricultural policies: What role has statistics played? CBN Bullion; 32(1):134-165.

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