ABSTRACT

The study investigated the influence of Federal Government budget allocation to the agricultural sector on economic growth of Nigeria using time series data from 2000 to 2016. The time series data adopted in the study were generated from the Central Bank of Nigeria annual statistical bulletin, 2016. The ordinary least square of multiple regression was used for the analysis. The results showed that the influence of Federal Government budget allocation to the agricultural sector was positive and significant. Based on the findings, the study concluded that Federal Government budget allocation to the agricultural sector is crucial to economic growth of Nigeria. Hence, it was recommended among other things that Government needs to increase its allocation to the priority sectors, especially the agricultural sector of the economy so as to spur productive activities in the country. 

TABLE OF CONTENTS

Title Page i

Dedication ii

Acknowledgements iii

Declaration iv

Certification v

Table of Contents vi

List of Tables viii

Abstract ix

CHAPTER ONE: INTRODUCTION

1.1 Background to the Study 1

1.2. Statement of the Problem 4

1.3. Objectives of the Study 5

1.4. Research Questions 5

1.5. Research Hypotheses 5

1.6. Significance of the Study 6

 1.7. Scope of the Study 7

1.8 Limitation of the Study 7

1.9 Definition of Terms 7

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.1 Conceptual Framework 9

2.1.1. Concept of Budget Allocation and Economic Growth 9

2.1.2 Government Efforts on Agricultural Development in Nigeria 12

2.1.3Importance of Budgetary Allocations 14

2.1.4. Importance of Agriculture Sector to Economic growth of Nigeria 15

2.1.5. Budget Allocations and Implications on Agricultural Development

in Nigeria 17

2.1.6. Types of Budget 19

2.2. Theoretical Framework 22

2.2.1. Neoclassical Theory 22

2.2.2 Keynesian Theory 22

2.3 Empirical Review 25

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Research Design 34

3.2 Sources of Data 34

3.3. Validity and Reliability of Research Instrument 34

3.4. Model Specification 35

3.4.1. Description of Variables 36

3.5. Analytical Techniques 36

CHAPTER FOUR: PRESENTATION OF DATA, ANALYSIS AND DISCUSSION

4.1 Presentation of Data 37

4.1.1 Trend analysis 38

4.2 Analysis of the influence of Federal Government budget allocation 

to agricultural sector on economic growth of Nigeria. 41

4.2.1 Regression analysis 41

4.2.2 Test of hypotheses 42

4.2.3 Discussion of findings 43

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1 Summary of Findings 44

5.2 Conclusions 44

5.3. Recommendations 45

References

Appendix