IMPACT OF PUBLIC AGRICULTURE EXPENDITURE ON AGRICULTURAL OUTPUT AND ECONOMIC GROWTH: (1978-2007)

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                                                    ABSTRACT

The impact of public expenditure on agriculture in Nigeria is enormous. Government having recognized agriculture as the second highest sector after oil of which the country depends for food, employment and foreign exchange. This project work would summarize the magnitude and composition of governments’ expenditure on agricultural sector since 1960  The project also examines that contribution of agriculture towards Gross Domestic Product (G.D.P), between the year 1960 when Nigeria got independent and up till the beginning the oil boom in the early 1970s. Underutilization of revenue derived by the government could bring about a downturn in the economic growth, it is with this in mind that the study intend to achieved by examine the impact of public Agriculture Expenditure on the Agriculture output and the economic growth (G D P), an objective was  set to address the problem stated;

The review of the Theoretical and Empirical literature provided a basic for the selection and specification of the model that was used to ascertain whether public Agriculture Expenditure have any significant impact on Agricultural output and Economic Growth or not. To put an abrupt end to the problem, policies were recommended as a lasting solution to the deficiencies recorded over the years.

TABLE OF CONTENT

Title page……………………………………………………………… i

Approval……………………………………………………………… ii

Dedication……………………………………………………………. iii

Acknowledgement…………………………………………………….iv

Abstract…………………………………………………………………v

Table of contents………………………………………………………vi

CHAPTER ONE

1.1    Background of study….…………………………………..1

• Statement of problem….…………………………………3
• Objective of study……………………….…………………….4
• Hypothesis of study……………………………………………4

1.5     Significant of study…………………………………………4

1.6     Scope and limitation of study………………….………6

 

CHAPTER TWO

LITERATURE REVIEW

2.1 Theoretical Literature Review……………………………………8

2.2 Empirical Literature Review……………………………………11

2.3 The Role of Agriculture on an Economy…………………15

2.4 Public Policies on Agricultural

Development in Nigeria……………………………………………….17

2.5 The Government Impact on Agriculture………………25

2.6 Agriculture and Nigeria Economy…………………………27

2.7 Performance of Agriculture in Nigeria……………………31

2.8 The Pre-oil Boom Era……………………………………………36

2.9 The Post Oil Boom and Agriculture………………………37

2.10 The Incentives to Developed

Agriculture in Nigeria……………………………………………41

2.11 The Role of Government in Resource Mobilization for Agricultural Development……………………………45

2.12 Encourage foreign investment on   Agriculture……..

CHAPTER THREE

RESEARCH METHODOLOGY

3.1 Methodology……………………………………………………50

3.2 Model Specification…………………………………50-52

3.3 Method of Evaluation……………………………52-58

3.4 Data Required and Source……………………58-59

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF RESULT

4.1 Presentation of Result……………………………60-67

4.2 Economic Interpretation………………………67-70

4.3 Statistical Criteria of the Result…………70-73

4.4 Econometric Criteria of the Result……73-77

4.5 Evaluation of Hypothesis……………………77-78

CHAPTER FIVE

SUMMARY, CONCLUSION AND POLICY RECOMMENDATION

5.1 Summary of Findings……………………………………………79

5.2 Policy Recommendation……………………………………80-81

5.3 Conclusion…………….…………………………………………81-83

Bibliography………………………………………………………..84-87

Appendix

 

CHAPTER ONE

  INTRODUCTION

 

   1.1 BACKGROUND OF THE STUDY

Agriculture, in whatever form it comes or exists-food and cash crops production, livestock, poultry, animal husbandry, hunting and Horticulture-has its roles to play in any Nations Economic  growth and devolvement is crucial. Among these roles are sources of food for the growing population, raw material for the manufacturing sector, reduction of inflationary pressure, earner of foreign exchange, empowerment of the labour force, source of income and savings for the farmer and improvement in their living standards, and market for products of the manufacturing sector. (Jhingan M.L 1975).

But, unfortunately for Nigeria as a developing Nation, these roles are hardly met by the Agricultural sector because of the internal and external factors facing farmers in Nigeria. A catalogue of reasons have been advanced for the relative poor performance of Nigeria’s agricultural sector. Key among these macroeconomic disequilibrium including interest and foreign exchange rate volatilities, poor infrastructure base, policy inconsistency and unnecessary intervention by the public sector which sends wrong (crowding out) signal to the private sector. (Eboh E.C, 2003).

Other important constraints include inadequate public agricultural expenditure, over dependence on crude oil revenue, rural-urban migration, inadequate processing and storage capacity, smallness of farm holdings, ageing population, use of inefficient traditional technology, inadequate agricultural extension services, policy inconsistency and increasing population pressure etc.

In an attempt to solve these problems of agricultural sector, the Federal and State governments of Nigeria intervene through some agricultural policies and programmes. Notable among the these policies are the operation field the Nation (OFN), the Green revolution (GR), land use degree, fertilizer company of Nigeria (NAFCON) and the National Agriculture land development authority (NALDA) and the latest is the agriculture development project (ADP). Meanwhile, these policies have not helped much in improving significantly the agricultural sector as the costs involved are still more than the benefits realized.

Perhaps, for the impact of public expenditure, surplus public agricultural expenditure allocation on the sector itself in Nigeria, is to be more effective, efficient workable and successful in some of these agricultural policies.

• STATEMENT OF THE PROBLEM

The agricultural sector has been affected with numerous problems which has been the result of the poor performance of the sector itself.

This has attracted various strategies including expansion of public expenditure on agricultural activities. Overtime this expenditure has been on the increase without expressly translating to a corresponding expansion in agricultural output. The question that comes to mind are:

1. What is the impact of public agricultural expenditure on agricultural output in Nigeria?
2. What is the impact of public agricultural expenditure on economic growth in Nigeria?