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MODERN AGRICULTURE AND EMPLOYMENT GROWTH IN NIGERIA

Popoola, O. R. and Gershon, Obindah and Urhie, Ese S (2017) MODERN AGRICULTURE AND EMPLOYMENT GROWTH IN NIGERIA. In: CUCEN 2017, Covenant University, Ota.

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Abstract

Nigeria is blessed with abundant land resources, its agricultural land, has been increasing which means it has a higher advantage in boosting agricultural productivity and employment growth in the economy, but this potential is not being realized. This study is aimed at examining the impact modern agriculture on employment growth in Nigeria. The methodology adopted for the study is the Recursive Ordinary Least Square estimation method. The variables used in the model are: Foreign Direct Investment, Export, Export Price Index, Agricultural Value Added per Worker, Agricultural Output, Agricultural Machineries & Tractor, Agricultural Credit, Inflation Rate, Exchange Rate, Government Expenditure on Education and Employment Rate. Using time series data spanning from 1980 to 2014, the result shows; a significant and positive relationship between agricultural productivity growth and modern agriculture, a significant and negative relationship between export price index and agricultural productivity growth, a significant and positive relationship between export and investment, a significant and positive relationship between investment and employment growth. Based on the findings, the author suggests that government should pursue a balanced growth of both agricultural sector and industrial sector in order to ensure both forward and backward linkages between the two sectors for the overall development of Nigerian economy.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Law, Arts and Social Sciences > School of Humanities
Depositing User: Mr Adewole Adewumi
Date Deposited: 05 Mar 2018 18:05
Last Modified: 21 Jan 2019 09:30
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10317

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