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Analysis of Contribution of Various Agricultural Subsectors to Growth in Nigeria Agricultural Sector
Current Issue
Volume 3, 2015
Issue 3 (June)
Pages: 80-86   |   Vol. 3, No. 3, June 2015   |   Follow on         
Paper in PDF Downloads: 35   Since Aug. 28, 2015 Views: 1915   Since Aug. 28, 2015
Authors
[1]
Udah S. C., Department of Agricultural Economics and Extension, Abia State University, Abia State, Nigeria; Division of Resource Management, West Virginia University, Morgantown, West Virginia, U. S. A..
[2]
Nwachukwu I. N., Department of Agribusiness and Management, Michael Okpara University of Agriculture, Umudike Abia State, Nigeria.
[3]
Nwosu A. C., Department of Agricultural Economics, Michael Okpara University of Agriculture, Umudike Abia State, Nigeria.
[4]
Mbanasor J. A., Department of Agribusiness and Management, Michael Okpara University of Agriculture, Umudike Abia State, Nigeria.
[5]
Akpan S. B., Dept. of Agricultural Economics and Extension, Akwa Ibom State University, Akwa Ibom, Nigeria.
Abstract
The contribution of agriculture to overall GDP went from 64 percent in 1960 to 46 percent in 2010. This is as a result of decimal performance of its subsectors. With the exception of crop sub sector, livestock share of agricultural GDP declined from 24 percent in 1980 to 6 percent in 2010; forestry from 4 percent to 1 percent and fishery from 11 percent to 3 percent respectively. In response to this scenario, this study analysed the contributions of agricultural subsectors and various policy regimes in Nigeria from 1961 to 2010. This is with the goal of evaluating the performance of various agricultural subsectors in growing the agricultural sector. Time series secondary data were used. Data analysis involved the use of exponential or log-linear trend and percentages on each of the agricultural subsector. The result of the trend analysis confirmed deceleration of all the agricultural subsectors. The result of the percentage analysis showed that crop subsector contributed almost 86 percent to total agricultural GDP growth reflecting a lopsided pattern of growth in Nigeria economy. The result of the percentage analysis also showed that the period (1995-2010) of liberalization policy regime topped other policy regime periods in confirming acceleration in agricultural subsector growth. The study advocated for the use of vertical integrated approach to balance the parity between crop subsector and the rest of the subsectors. The study further recommended liberalization policy and advocated for policy of fair distribution of resources toward the growth of the individual subsectors.
Keywords
Agricultural Subsector Growth, Exponential Trend, Policy Regime, Liberalization Policy, Vertical Integration
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