Impact of Oil and Non-Oil Revenue on Agricultural Output of Nigeria

Iortyer Aondover Dominic and Kayode Wlliams
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Iortyer Aondover Dominic: Department of Economics, Federal University Lokoja, Kogi State, Nigeria
Kayode Wlliams: Department of Economics, Federal University Lokoja, Kogi State, Nigeria

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 15, 100-114

Abstract: Nigeria has primarily two major sources of revenue classified as oil and non-oil revenue. Thus, the paper investigated the impact of oil and non-oil revenue on agricultural output in Nigeria. The specific objectives of the study are to examine the impact of oil and non-oil on agricultural output as well to determine the impact of oil price and real exchange rate on agricultural output in Nigeria. To achieve the objectives, a non linear autoregressive distributed lag (NARDL) model was specified and estimated to determine both short run and long run impacts. Findings revealed that the explanatory variables (oil revenue, non-oil revenue, oil price and real exchange rate has positive and significant impact on agricultural output. On the strength of the findings, the study recommends policy measures that could sustain increase in oil and non-oil revenue to promote sustainable increase in agricultural output.

Date: 2025
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