Government Budgetary Allocation to the Agricultural Sector and Its Effects on Agricultural Output in Nigeria | Raadaa
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Government Budgetary Allocation to the Agricultural Sector and Its Effects on Agricultural Output in Nigeria

By Dr. Adofu Ilemona  et al

Summary

The study, “Government Budgetary Allocation to the Agricultural Sector and its effect on Agricultural output in Nigeria”, is an attempt at highlighting the quantity and quality of national commitment (through public expenditure/budgetary allocation) to agricultural development over the years. Using government budgetary allocation to the agricultural sector and commercial bank credit to the agricultural sector as our explanatory variables, we examine the effect of government budgetary allocation to the agricultural sector on the output of the agricultural sector. Data were obtained from CBN’s Statistical Bulletin, and NBS’s Annual Abstract of Statistics. Employing the OLS regression technique, our results revealed that Budgetary Allocation to Agricultural Sector has significant effect on agricultural production in Nigeria, and that the relationship between them is strong, positive and significant. Thus, the study recommends that budgetary allocation to the agricultural sector should be increased and monitored, to guarantee food security, employment and overall economic growth and development in Nigeria.
Government Budgetary Allocation to the Agricultural Sector and Its Effects on Agricultural Output in Nigeria
 
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Published: February 2, 2018

Uploaded by: Dr. Adofu Ilemona

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Abstract

The study, “Government Budgetary Allocation to the Agricultural Sector and its effect on Agricultural output in Nigeria”, is an attempt at highlighting the quantity and quality of national commitment (through public expenditure/budgetary allocation) to agricultural development over the years. Using government budgetary allocation to the agricultural sector and commercial bank credit to the agricultural sector as our explanatory variables, we examine the effect of government budgetary allocation to the agricultural sector on the output of the agricultural sector.  Data were obtained from CBN’s Statistical Bulletin, and NBS’s Annual Abstract of Statistics. Employing the OLS regression technique, our results revealed that Budgetary Allocation to Agricultural Sector has significant effect on agricultural production in Nigeria, and that the relationship between them is strong, positive and significant. Thus, the study recommends that budgetary allocation to the agricultural sector should be increased and monitored, to guarantee food security, employment and overall economic growth and development in Nigeria.

About the Authors

Dr. Adofu Ilemona

Dr. Adofu Ilemona

Abula, M

Abula, M

Agama, J. E

Agama, J. E

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