Neighborhood Effect, Agricultural Development and Poverty Level in Nigeria

Oluwatobi Joshua Olofin, Adeleke Gabriel AREMO (Ph.D), Olabode Philp OLOFIN (Ph.D) and Oluwafemi Olawale Okunade
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Oluwatobi Joshua Olofin: Department of Economics, Universität Göttingen, Göttingen, Germany
Adeleke Gabriel AREMO (Ph.D): Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria
Olabode Philp OLOFIN (Ph.D): Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria
Oluwafemi Olawale Okunade: Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 5, 705-726

Abstract: The study seeks to evaluate the role of agricultural development on poverty level and ascertain whether neighbouring countries have any influence on the relation between agricultural development and poverty level in Nigeria. Annual data covering the period between 1980 and 2019 were employed. Fully Modified Ordinary Least Square (FMOLS), Canonical Cointegrating Regression (CCR) and spatial econometrics were employed. Our results showed that agricultural development is capable of reducing poverty level in the country, while there was no significant effect of spatial factors on the relationship between agricultural development and poverty level in Nigeria between 1980 and 2019. The study therefore recommends that the government should pay more attention towards improvement of agriculture, transportation and oil rent which are capable of complementing each other in reducing poverty in Nigeria.

Date: 2023
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