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The Agricultural Sector As The Key To The Diversification Of The Nigerian Economy For Sustanable Development
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The sector has continued to perform below its full potentials. This
research is therefore carried out to address the following
issues/questions.
1. What are the factors responsible for low agricultural output in Nigeria?
2. Why the less emphasis on agricultural sector and much dependence on petroleum sector?
3.
What measures should be taken by government to enhance the performance
of the agricultural sector towards diversifying the economy for
sustainable development?
4. Has petroleum impacted positively
or otherwise on the agricultural sector and the development of the
Nigerian economy?
1.3 OBJECTIVES OF THE STUDY
In spite of
Nigeria’s rich agricultural endowment, there has been a gradual decline
in agricultural contribution to the nation’s economy. Low agricultural
output has a negative effect on the Nigerian economy as a whole. This
research work is aimed at examining the agricultural sector as the key
to the diversification of the Nigerian economy for a sustainable
development. Other aims include:
1. To see how Agriculture can
be used for the diversification of the Nigerian economy in order to
achieve sustainable development.
2. To identify the constraints
hampering Agriculture as a tool for the diversification of the Nigerian
economy for sustainable development.
3. To suggest ways of removing these constraints.
4.
To suggest other measures necessary for improving agriculture as a tool
for the diversification of the Nigerian economy for sustainable
development.
1.4 METHODOLOGY OF THE STUDY
This research is
geared towards understanding the role of agriculture in the
diversification of the Nigerian economy for sustainable development.
This study will employ the use of quantitative statistical tools and
econometric method of analysis. An econometric multiple regression model
will be adopted to determine the impact of agriculture on Nigeria’s
economic growth. With the appropriate model, the following tests will be
conducted to test the statistical reliability and the significance of
the estimated parameters: the standard error test, t-statistics and
f-test.
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