RE-EXAMINATION OF NIGERIA AGRICULTURAL EXPENDITURE: GOVERNANCE PERSPECTIVES
Governance and the agricultural expenditure in Nigeria
Keywords:Agricultural, Expenditure, Error Correction Mechanism, Governance
The weapon of every growing economy can be associated with governance, as good governance put all action and inaction in one basket and make sure that is channel through transparent, effective, and accountable to provide enabling atmosphere for the economy to strive for the betterment of the citizen. It is on this remark, this study investigates the effect of governance in the agricultural expenditure in Nigeria, Error Correction mechanism was employed on the time-series data collected from National statistics bulletins and the empirical results revealed that accountability and corruption control have a positive and statistically significant effect on the agricultural expenditure in the short run within the sample period. However, the agricultural output was found to have a decline effect on the agricultural expenditure in the short run in Nigeria. This study, therefore, recommended that the government at all levels should ensure that corrupt governance is fought or reduced to a minimum level in order to achieve an effective allocation of funds to the agricultural sector to improve performance and contribution to economic growth and development. Accountability should be adopted in every level of government to reduce waste, encourage competence and consistency, liable, responsible to promote investment, and ethics.
Abolhassani, C. Fatemeh A. K. & Shahnoushic D. (2015). The impacts of government expenditure
on agricultural transformation. Journal of economics development 1(9); 23-27.
Abula, M. & Ben, D. M. (2016). The impact of public agricultural expenditure on agricultural
output in Nigeria (1981-2014) Asian Journal of Agricultural Extension, Economics & Sociology, 11(2); 1-10.
Adebayo, O. and Olagunju, K. (2015) “Impact of Agricultural innovation on improved livelihood. Journal of agriculture and economic development 12(1) 234-241.
Central Bank of Nigeria (2018). Statistical bulletin: public finance statistics. Abuja: Author.
Ekundayo, W. J. (2017) Good governance theory and the quest for good governance in Nigeria:
International journal of humanities and social sciences. 7(5) 154-161.
Ewubare, D. B., & Eyitope, J. A. (2015). The effects of public expenditure on agricultural production output in Nigeria. Journal of Research in Humanities and Social Science, 3(11), 7 – 13.
Idoko, C. U., & Jatto, S. M. (2018) Government expenditure on agriculture and economic growth in Nigeria 1985-2015. International journal of academic research & reflection. 6(4); 2309-0405.
Iganiga, B.O. and Unemhilin, D.O. (2011). “The Impact of Federal Government Agricultural Expenditure on Agricultural Output in Nigeria”. Journal of Economics, 2(2): 81-88.
Keynes, J. M. (1936). The general theory of employment, interest and money. London: Macmillan.
Lio, M., and Liu, M.C. (2008). Governance and agricultural productivity: A cross-national analysis. Journal f or Food policy, 33(3) 504-512.
Mandemaker, M., Bakker, M., &Stoorvogel, J.(2011). The role of governance in agricultural expansion and Intensification: a global Study of arable agriculture. Ecology and Society 16(2): 8 – 17.
Méon, P. G., & Weill, L. (2005). Does better governance foster efficiency? An aggregate frontier analysis. Economics of Governance, 6(1), 75-90.
National Bureau of Statistics (2007). Annual statistical bulletin. Abuja: Author Oji-Okoro, I. (2011). Analysis of the contribution of the agricultural sector on the Nigerian economic development. World Review of Business Research, 1(1): 191 – 200.
Olowo, Okere, E. D., (2015) "Full Perspectives: Locally and Globally" Lagos: ICAN 40th Year Anniversary Lecture/Symposium. June 21th, 2015.
Okezie, A. I., Nwosu, C., & Njiku, A. C. (2016). An Assessment of Nigeria Expenditure on the Agricultural Sector: Its Relationship with Agricultural Output ,Journal of Economics and International Finance, 5(5), 177-186.
Shittu, A. M., (2017), Economic diversification in Recession: a case of Nigeria agriculture as a sign post of national development and sustainable growth. International journal of advance studies in economics and public sector management, 5(1); 52-73.
World Bank, (2007). Strengthening World Bank Group Engagement on Governance and Anticorruption, Washington, D.C: World Bank.
World Bank Group (2018, 2nd March). Statistical Indicator for Nigeria. Retrieved from https://data.worldbank.org/country/nigeria
World Bank Group (2019, 26th March). Statistical Indicators for Nigeria. Retrieved from