Examining the Dynamic Influence of Agricultural Exports on Economic Growth in Nigeria: An Empirical Analysis

Abstract

This study delves into the multifaceted relationship between agricultural exports and economic growth in Nigeria, exploring the intricate dynamics that shape this crucial sector. By employing a comprehensive analytical framework using quantitative methodology like the econometric regression technique of the Ordinary least Square (OLS) which aims to shed light on the nuanced impact of agricultural exports on Nigeria's economic development trajectory. Through meticulous data analysis and rigorous statistical techniques, the study found that total agricultural exports, cocoa exports, rubber exports, exchange rate, inflation rate, trade openness significantly impact on real gross domestic product. The study recommends that policymakers should prioritize investments in infrastructure, research and development, and market access to unlock the full potential of agricultural exports. Additionally, implementing supportive policies that address challenges such as access to finance, technology adoption, and value chain development will be crucial in harnessing the transformative power of agriculture for sustainable economic growth and development in Nigeria. By leveraging its agricultural strengths and overcoming existing obstacles, Nigeria can pave the way for inclusive growth, poverty reduction, and food security, ultimately positioning itself as a key player in the global agricultural landscape.