“TOWARDS A DIVERSIFIED NIGERIAN ECONOMY” THE CONTRIBUTION OF AGRICULTURE TO GDP OF NIGERIA

Abstract

The Nigeria economy is basically regarded as an agrarian economy and therefore agriculture play a pivotal in the nation’s GDP. The study examines the impact of the agricultural sector on the economic growth of Nigeria. The data used was obtained from World Bank Statistics Nigeria Data Portal, World Bank World Development Indicators and the Statistical Bulletin of the Central Bank of Nigeria, regression analysis was used to analyse the data, the result revealed that there is a positive relationship between agricultural GDP and total GDP between the periods of 1990 to 2013. Based on the findings, it was recommended that government should ban importation of some agricultural products to encourage local production and also to increase government budgetary allocation to the sector to reduce financial distress in the implementation of indispensable agricultural programmes.