ABSTRACT

 This study focused on the growth of the agricultural sector of the Nigerian Economy. A key policy objective of sustainable economic development especially in any developing country like Nigeria, is to establish agricultural sector that are both economically efficient and sustainable. However, this depends significantly on full utilization of such resources. This research work adopts an econometric approach to evaluate both the impact and the sustainability of economic growth in Nigeria. The regression result and co-integration test shows that agricultural exports on Nigeria’s economic growth  impact positively on the economy but also sustainable. on the other hand, the research work equally reveals that the agricultural sector decline since the discovery of oil. Finally, the research work offer same policy recommendations for effective planning, management and development of agricultural sector in Nigeria. 

Background of the Study

All over the world, Nigeria inclusive, Agriculture is tied with various sectors and is essential for generating broad-based growth necessary for Economic growth and development. It is fundamental to the sustenance of life and is the bedrock of economic growth especially in the provision of adequate and nutritious food so vital for human development and raw materials for industries. Agriculture has played and will continue to play a key role in the Nigerian economy. The sector holds the key to rapid economic transformation, poverty alleviation, stable democracy and good governance. There is no national security without food security.

Economic growth is “a gradual and steady change in the long run which comes by a gradual increase in the rate of saving and population” (Schumpeter 2005). The gross domestic product is monetary value of goods and services which serve as a major growth (economic) indicator. This presupposes that all sectors of an economy make their inputs to the economic growth of the economy. Agriculture is one of such sectors (Yakubu, 2006).

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