Analysis Of The Influence Of Agricultural And Non-Agricultural Sectors Performance On The Nigerian Economy (1986-2004)

Abstract

This paper examines the influence of agricultural and non-agricultural economies on Nigeria\'s total economy. Time series data such as Nigeria\'s total GDP, Agricultural GDP and non-agricultural GDP were obtained. A double logarithm and exponential functions were used to estimate the elasticity and growth rate of each sector and the economy as a whole. The results revealed that a % change in Agricultural and Non-agricultural sectors caused the Nigerian economy to change by 0.24% and 0.746% respectively. The agricultural, non-agricultural sector and the entire economy grew at the rate of 0.04%, 0.124% and 0.102% respectively during the study period.

Keywords: Agricultural sector, Non-agricultural sector, Nigerian economy.

Global Journal of Agricultural Sciences Vol. 7 (1) 2008: pp. 7-9