Agricultural development and financing nexus for economic growth in Nigeria
Abstract
The indepth nature of the Nigeria agricultural sector and its resultant effect on the economy which have been moribund for years without meaningful gains. Thus, this study examined the impact of Agricultural policies and developments on the Nigeria economy. The study relied deeply on data from the CBN Annual Report and statement of Account, CBN Financial review, National Bureau of Statistics. The study adopted the Vector Error Correction Model (VECM) estimation in explaining the impact levels. The study found that Agricultural sector development has a significant effect on the Nigeria Economy and impacted Positively on it. The study among others recommend that Agriculture must be given a continued call and attention through policies and funding so as to enable the sector contribute meaningfully to the economy.
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