The Effect of Government Expenditure on Agricultural Output in Nigeria (1981-2018)
The research analyzed the effect of government spending on agricultural output in Nigeria (1981-2018) empirically. Time series data on agricultural output, recurring government spending on agriculture, agricultural government capital expenditure, and gross domestic product were collected over a period of 37 years from the statistical bulletin of the Central Bank of Nigeria (CBN). Descriptive and econometric analysis methods such as the Augmented Dickey-Fuller test, the Johanson co-integration test and the Ordinary Least Square (OLS) were applied in this research. The result revealed that capital and recurring expenditure on agriculture by the federal government were found to be positively linked to agricultural output. This study recommends that Nigeria's federal government should preserve quality and stability in its agricultural expenditure in order to achieve the significant productivity required.
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