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Years of Government Agricultural Investment in Nigeria: Any Significant Effect on Agricultural Output? (Recent Evidence)

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Abstract

Despite the agricultural sector’s robust performance, Nigeria remains vulnerable to food insecurity and is unable to meet domestic demand. This study seeks the empirically analyze the impact of government agricultural investment on the growth of agricultural output in Nigeria.The study covers the period 1981–2020 using annual data from secondary sources and Augmented Dickey fuller (ADF) test was deployed to test their stationarity. The result from the short run autoregressive distributed lag (ARDL) model results show that government agriculture investment in Nigeria affects agricultural output positively. As such, the government of Nigeria should make more budgetary allocation towards agricultural sector by balancing support across small-scale farming and existing investments as well as support in women farmers.

Author

  • Ime Okon UTUK, Ph.D
    Department of Economics,
    AkwaIbom State University, Obio-Akpa Campus,
    Akwa Ibom State, Nigeria
    Email: utuk_ime2003@yahoo.comcom
    Tel: +2348077533543

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