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

Author

Listed:
  • 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)

  • Aniefiok Benedict Udo

    (Department of Economics, Topfaith University, Mkpatak-Nigeria)

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.

Suggested Citation

  • Ime Okon Utuk & Boniface Linus Akpan & Ededet Bassey Eduno & Aniefiok Benedict Udo, 2023. "Agricultural Export and Economic Growth in Nigeria: Does Agriculutre Value Added Matter?," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 880-892, November.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:11:p:880-892
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