The Effect of Government Agricultural Spending on Economic Growth in Nigeria (1970-2013)

The Effect of Government Agricultural Spending on Economic Growth in Nigeria (1970-2013)

Habibulahi Ganiyu

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The Effect of Government Agricultural Spending on Economic Growth in Nigeria (1970-2013)

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Abstract

This research examined the effect of government agricultural spending on economic growth in Nigeria. This research effort was necessary, given the importance of agriculture in Africa. The result shows that less than 5% of government total spending is spent on the agricultural sector. Data covering the relevant variables over the period 1970 to 2013 was obtained from the annual reports and statistical bulletins of the National Bureau of Statistics, Central Bank of Nigeria, Food and Agriculture Organization and the World Bank. The data were analyzed using descriptive statistics, cointegration, error correction estimation, and Granger Causality test. Government spending was stationary at first difference. Also, a long-run relationship among the growth rate of the economy and government spending in agriculture, education, fertilizer, health services, transport and communication given by the coefficient of Error Correction Model (ECM) of -0.0081 is established.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Habibulahi Ganiyu. 2020. \u201cThe Effect of Government Agricultural Spending on Economic Growth in Nigeria (1970-2013)\u201d. Global Journal of Science Frontier Research - D: Agriculture & Veterinary GJSFR-D Volume 20 (GJSFR Volume 20 Issue D4).

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GJSFR Volume 20 Issue D4

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Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

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GJSFR-D Classification FOR Code: 070199

Submission ReceivedMarch 12, 2020
Peer Review Double Blind
Handling Editor
Accepted April 6, 2020
Published April 16, 2020

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May 20, 2020

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