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Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria

Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria

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DEDICATION

This research material, titled “Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Agricultural Economics and Extension for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



ABSTRACT

The purpose of the study was to determine the Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria. The data used were collected from the statistical bulletin of the Central Bank of Nigeria and World Banks development indicators, and covered the period of 33 years ranging from 1981 to 2014. Multiple regression was used to analyze the data. The result showed that agriculture has significant impact o n economic growth in Nigeria. It was also showed that agriculture has significant impact on poverty reduction in Nigeria. The other variable included in the model which is non-agriculture output did not have significant impact on poverty reduction. The study therefore recommends among others that government provides more funding for agriculture universities in Nigeria to carry out researchers on all area of agriculture production; this will lead to more exports and improvement in the competitiveness of Nigeria agriculture reproduction in international markets. The Central Bank of Nigeria should also come up with a stable policy for loan disbursement to farmers at a reasonable interest payback.


Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria

CHAPTER ONE

1.0 Introduction

1.1 Background of the Study

The role of agriculture in economic growth and poverty reduction has become an issueof great concern in developed and developing countries. Nnadi (2005) stated that agriculture is indispensable in addressing economic growth and poverty reduction, which are the most difficult challenges facing many countries in the world especially developing countries where on the average, majority of the population are considered poor. Evidences in Nigeria show that the number of those in poverty has continued to increase. The author stressed further that the rising profile of poverty in Nigeria is assuming a worrisome dimension as empirical studies have shown. In consonant with this, Ojo (2008) opined that, Nigeria, a sub-Saharan African country, has at least half of its population living in abject poverty. The UN Human Poverty Index in 1999, credited Nigeria with 41.6%, captured the phenomenon more succinctly as the figure placed the nation as amongst the 25 poorest nations in the world. As at 2004, the HPI (Human Poverty Index) value for Nigeria, 40.6, ranks 76th among 102 developing countries for which the index has been calculated. The country has increasing rate of poverty both at the regions and at the national level, high unemployment rate, high income inequality, low quality human capital, high percentage of population on welfare and high out migration in the face of high economic growth.

Agriculture is the production of food, feed, fibre and other goods by the systematic growing and harvesting of plants and animals (Akinboyo, 2008). According to, Brandt (2011), agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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Defense Procedure for Agricultural Economics and Extension Researchers

In preparation for defending a project or seminar on Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.

Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.

Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.

During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.

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