1Department of Management, Faculty of Business Administration, University of Nigeria, Enugu Campus
2Department of Management, University of Fort Hare, Alice Campus, South Africa
*Corresponding Author: Omonona Solomon, Department of Management, University of Fort Hare, Alice Campus, South Africa. Email: omononamise@gmail.com
Online published on 8 April, 2020.
The study examines the effect of economic and agricultural diversification on economic growth in Nigeria. The objectives were to determine the effect of government agricultural spending on Nigeria's Gross Domestic Product. Data were collected from secondary sourced using the time series data which was extracted from the Central Bank of Nigeria (CBN) annual Statistical Bulletin for the period and The Nigeria Bureau of Statistic annual reports. Data were analyzed using the Autoregressive Distributed Lag (ARDL) approach or Bound Test Method. The findings revealed that Government agricultural expenditure does not have a significant effect on Gross Domestic Product. The investigation suggested that the government at all level should increase their budgetary allocations for agriculture and also develop a functional agricultural long-term blueprint to improve the sector.
Agriculture, Government expenditure, Gross domestic product
