Agricultural Export and Economic Growth in Nigeria: Does Agriculutre Value Added Matter?

Ime Okon Utuk, Boniface Linus Akpan, Ededet Bassey Eduno and Aniefiok Udo ()
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Ime Okon Utuk: Department of Economics, Akwa Ibom State University-Nigeria
Boniface Linus Akpan: Department of Economics, Akwa Ibom State University-Nigeria
Ededet Bassey Eduno: Department of Economics, Akwa Ibom State University-Nigeria

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 11, 880-892

Abstract: This study evaluates the effect of agriculture value added in the relationship between agricultural export and economic growth in Nigeria from 2000 to 2022 by employing time series data and deploying Augmented Dicky- Fuller unit root, Auto-regressive Distributed lag (ARDL) framework, and Dynamic Ordinary Least Square (DOLS) technique for analysis. The results reported showed that agricultural raw materials exports (LNAGXP) has a positive effect on real gross domestic product while agriculture value added exhibited a negative relationship with real gross domestic product. However, Nigeria needs to improve on its primary agriculture production base in order to generate enough income from exports. In the same vein, the country needs to explore research and incorporate value addition in it exports. Including value additions to exports in the country will contribute to the country’s economic development and real GDP, it will generate more income and also provide jobs, thereby reducing unemployment rate, and increasing competitiveness in the global market.

Date: 2023
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