• editor@ijmra.in
  • ISSN[Online] : 2643-9875  ||  ISSN[Print] : 2643-9840

VOLUME 04 ISSUE 03 MARCH 2021

Agriculture, Manufacturing and Economic Growth in Nigeria
1Atayi Abraham Vincent, 2Adekunle Sherif Olorunrinu, 3Ojo Bunmi Augustina, 4Nkire Nneamaka Loretta
1,2,3,4Department Of Econmics, Afe Babalola University, Ado Ekiti, Ekiti State, Nigeria,
DOI : https://doi.org/10.47191/ijmra/v4-i3-18

Google Scholar Download Pdf
ABSTRACT:

This research work address the positive effect of Agriculture on the manufacturing sector in Nigeria. The study made used of Ordinary Least Square Method estimation techniques. The findings showed that Agricultural output, government spending on agriculture, and real gross domestic product all have positive effects on the manufacturing sector. The effects is RGDP 66percent, AGRQ by 63%, and GOEXA by 96 percent. The study recommends among other things that government should allocate more resources to the Nigerian agricultural sector and ensure that the funds are judiciously use and that the government should also seek to strengthen its incentives for the manufacturing sector in order to promote increased industrial production and growth.

REFERENCES

1) Adediran, O. & Obasan, K (2010). The Role of the industrial sector in the economic development of Nigeria.Journal of Management and Society, 1 (2), 9-16.

2) Adeyinka, .A.J., Daniel, A.A., & Olukotun, G.A. (2015). An assessment of the contribution of commercial banks to agriculture financing in the Nigerian economy: International Journal of Advanced Academic Research–Social Science and Education 1(2), 35-37.

3) Anyanwu, J.C. Oaikhenan.H., Oyefusi.A. &Dimowo.F.A. (1997). The Structure of the Nigerian Economy (1960-1997). Onitsha. Joadee Educational Publishers.

4) Anyanwu, C. (2000). Productivity in the Nigerian Manufacturing Industry.CBN Occasional Papers, Abuja CBN Research Department.

5) Amakom, U. (2012). Manufactured Exports in Sub-Saharan African Economies: Econometric Tests for the Learning by Exporting Hypothesis. American International Journal of Contemporary Research.Vol. (2) 4.

6) Ayoola, G. B., & Oboh, V. U. (2006). A Model of Public Expenditure to reveal the Preference for Agriculture in the Budget.Journal of Rural Economic Development,14 (1), 56-73.

7) Central Bank of Nigeria (2017). CBN Statistical Bulletin, 8 (2) 75.

8) Chinweoke, N., Egwu, C. C. &Nwabeke, E. C. (2015). Impact of commercial Banks' Loans and advances in agriculture and manufacturing Sectors on the Economic Growth of Nigeria (1994 – 2013).International Journal of Arts and Sciences, 08 (5), 29–36.

9) Chilonda, P., Zhikhali, P., & Musaba, E. (2010). Agricultural Growth Trends and Outlook for Southern Africa.ReSAKSS-SAAnnual Trends Reports 2010.Colombo, Sri Lanka: International Food Policy Research Institute (IFPRI) and International Water Management Institute (IWMI).

10) Englama, A.; Duke, O.; Ogunleye, T. & Isma’il, F. (2010) Oil Prices and Exchange Rate Volatility in Nigeria: An Empirical Investigation. Central Bank of Nigeria Economic and Financial Review. 48(3).

11) Enoma, A. (2010). Agricultural Credit and Economic Growth. Ambrose Alli University Ekpoma.

12) Opaluwa D (2008). “The Effect of Exchange Rate Fluctuations on the Nigerian Manufacturing Sector 1986 – 2005”. An M.Sc Thesis Presented to the Department of Economics, Benue State University, Makurdi.

13) Nketiah-Amphonsah, E. (2009). Public Spending and Economic Growth: Evidence from Ghana (1970-2004). Development Southern African, 26 (3), 477-497.

14) Oboh, V. U. (2008). Farmer’s Allocative behaviour in Credit Utilization: a case study of Arable Crop Farmers in Benue State, Nigeria. A PhD Dissertation, Agricultural Economics and extension programme, Abubakar Tafawa Balewa University, Bauchi, Nigeria.

15) Oboh, V. U., &Ekpebu, I. D. (2011). Determinants of formal agricultural credit allocation to the farm sector by arable crop farmers in Benue State, Nigeria. African Journal of Agricultural Research, 6(1), 181-185.

16) Olisadebe E.U (1991). “Appraisal of Recent Exchange Rate Policy Measures in Nigeria”, CBN Economic and Financial Review. 29 (2)

17) Ogar A, Nkamere.S.E. &Effiong C. 2010“Commercial Bank Credit and its contributions to the Manufacturing Sector in Nigeria” Research Journal of Finance and Accounting:5(22)

18) Oguamanam, H. (2006). Commercial Bank Credit to Agricultural Sector in Nigeria. Paper presented at the 17th Annual Conference of CBN Agricultural Credit Officers held at Hill Station Hotel, Jos.

19) Oshikoya, E. (2002). Beyond Export-Led Growth. World Development, 12 (9), 937-949.

20) Ibrahim M, Olaleye, R.S, & Umar, I.S (2009), Effect of Credit Utilization on Output Rural Youth Framers in Shiroro Local Government Area, Niger State, Journal of Agricultural Extension,13(2)

21) Raji, M. A. Y., and Fakayode, S.A. (2009). A Multinomial Logit analysis of Agricultural Credit Rationing by Commercial Banks in Nigeria. International Research Journal of Finance and Economics 24, 91.www.eurojournals.com/finance

22) Rhaji, M. A. (2008). An Analysis of the Determinants of Agricultural Credit Approval/Loan size by commercial banks in southwestern Nigeria. Nigeria Agricultural Development Studies, 1(1), 17-26.

23) Ruttan, V. (2000). Technology, Growth and Development an Induced Innovation Perspective. Oxford: Oxford University Press.

24) Shanggen, E., Peter, H., & Sukdw, T. (1998). Government Spending Growth, and Poverty: An Analysis of Interlinkages in Rural India. Environmental and Production Technology Division.

25) Sogules, I.W &Nkoro E, (2016). Bank Credits to Agricultural and Manufacturing sectors and Economic Growth in Nigeria, 1970 – 2013, International Journal of Economics and Financial Research, 2(4), 74-78

26) Sohail, K., Caki, I., & Brooks, A. (1991). The Agricultural Transition in Central and Eastern Europe and former USSR. World Bank, Washington DC.

27) Toby, J.A & Peterside, D.B (2014). Analysis of the role of Bank in financing the agricultural and manufacturing Sectors in Nigeria. International Journal Research in Business Management, 2(2), 9-22.

28) Uzomba, P. C., Chukwu, S. N., Jumbo, G. A. &Nwankwo, N. U. (2014).An inquiring into the impact of deposit Money Banks' Loans and advances on agricultural Sector in Nigeria; 1980–2011.International Review of Social Sciences and Humanities, 7(2), 130-139.

29) Vogel, S.J. (1994). Structural Changes in Agriculture: Production Linkages and Agricultural Demand-Led Industrialization. Oxford Economic Papers, 46 (1), 136-156.

VOLUME 04 ISSUE 03 MARCH 2021

Our Services and Policies

Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected.

The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.

International Journal of Multidisciplinary Research and Analysis will publish 12 monthly online issues per year,IJMRA publishes articles as soon as the final copy-edited version is approved. IJMRA publishes articles and review papers of all subjects area.

Open access is a mechanism by which research outputs are distributed online, Hybrid open access journals, contain a mixture of open access articles and closed access articles.

International Journal of Multidisciplinary Research and Analysis initiate a call for research paper for Volume 07 Issue 04 ( April 2024).

PUBLICATION DATES:
1) Last Date of Submission : 25 April 2024 .
2) Article published within a week.
3) Submit Article : editor@ijmra.in or Online

Why with us

International Journal of Multidisciplinary Research and Analysis is better then other journals because:-
1 : IJMRA only accepts original and high quality research and technical papers.
2 : Paper will publish immediately in current issue after registration.
3 : Authors can download their full papers at any time with digital certificate.

The Editors reserve the right to reject papers without sending them out for review.

Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected. The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.

Indexed In
Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar