THE ROLE OF AGRICULTURE IN POVERTY REDUCTION IN NIGERIA: AN EMPIRICAL PERSPECTIVE
THE ROLE OF AGRICULTURE IN POVERTY REDUCTION IN NIGERIA: AN EMPIRICAL PERSPECTIVE

Summary/Abstract: In Nigeria, several advocacies have been raised in different fora over time thatagriculture is capable of reducing poverty in the country. An attempt to empiricallyvalidate the above argument has generated a policy mix in the literature. Therefore,further empirical investigation about this subject matter becomes imperative.Consequently, the study utilized the DOLS and Granger Causality Approach to addressthe objective of this study. However, the principal findings that emerged in this study areas follows: in the long run, there is a significant positive relationship between theemployment in agriculture and poverty level, inflation rate and poverty level have anegative relationship with each other. Meanwhile, agricultural output causes asignificant reduction in the poverty level. Also, one-way feedback relationship runs from agricultural output to the poverty level in the country. Based on the findings thatoriginated in this study, this paper makes the following recommendations for thepolicymakers, future researchers and all the stakeholders in the agricultural sector inNigeria that agricultural output has the capacity to reduce poverty level in the country.This implies that when poverty reduction is the target of the policymakers in the country,manipulating agricultural output will induce the reduction in poverty level in the longrun. Also the government should possess political goodwill to revamp agricultural sector.

• Details
• Contents