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ANALYSING THE IMPACT OF AGRICULTURE ON GROWTH AND RECOVERY OF NIGERIA ECONOMY A CASE STUDY OF FARMING IN AYEPE COMMUNITY, OGUN STATE, NIGERIA
Agriculture is known to be the backbone and panacea for economic growth and development in the developing countries of the world. As earlier avowed by Gunner Myrdal “The battle for long-run economic growth is either won or lost in the agricultural sector”. The way this pathway births economic prosperity has been an issue of debates among developmental economists and scholars. Therefore, this research study was based on this idea. This study examined the impact of agriculture on Nigeria’s economic growth and development.
The aim of the study was to evaluate the impact of agriculture on Nigeria’s economy recovery and growth, to examine different agricultural practices that helped in reshaping the economy of the country, the role of the government, the role of the society, and impact of agriculture on the people.
To examine how agriculture can help reduce, if not eliminate poverty and enhance growth and thus development in the country at large.
The empirical part of this study was conducted using both quantitative and qualitative methods. Questionnaires were used to obtain information from workers on the farm, while interview was conducted with six different farm owners within Ayepe community in Ogun state Nigeria.
The result of the study showed that though agriculture is seriously thought of and adopted by so many people as a source of livelihood and means of generating income, it has a long way to go in improving the economy of the country. While most of the respondents believe that agriculture has what it takes to improve the country’s economy, they believe the government has a lot to do to see that come to reality. Proper funding and attention to the agricultural sector with the same focus given to the oil sector, agriculture will not only grow the economy, but will also put Nigeria where it is meant to be economically among the economically viable countries of the world.
Impact, Growth, Recovery, Economy, Labour, Farm, Agriculture