{"id":3926,"date":"2026-08-17T08:04:15","date_gmt":"2026-08-17T08:04:15","guid":{"rendered":"https:\/\/birpub.org\/ijmfs\/?post_type=journal_article&#038;p=3926"},"modified":"2026-08-17T08:04:16","modified_gmt":"2026-08-17T08:04:16","slug":"agricultural-sector-growth-and-economic-growth-nexus-in-nigeria-1984-2024","status":"publish","type":"journal_article","link":"https:\/\/birpub.org\/ijmfs\/journal_article\/agricultural-sector-growth-and-economic-growth-nexus-in-nigeria-1984-2024\/","title":{"rendered":"Agricultural Sector Growth and Economic Growth Nexus in Nigeria (1984\u20132024)"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Ogbuehi Ifeoma Lucinda<sup> 1 <\/sup>&amp; Prof. G.D Isiwu<sup> 2<\/sup><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Abstract<\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><em>This study investigates the agriculture\u2013economic growth nexus in Nigeria using annual time-series data from 1984 to 2024 and a parsimonious ARDL (2,2,1,2,1,2) model. The ARDL bounds test provides no evidence of a confirmed long-run cointegrating relationship. In the short run, exchange rate dynamics emerge as the most statistically significant factors within the estimated specification, while the agricultural-sector variables are individually statistically insignificant. This pattern suggests weak macroeconomic transmission between agricultural performance and aggregate economic growth amid persistent exchange-rate instability. The findings contribute empirical evidence on how macroeconomic instability may weaken the agriculture\u2013growth transmission channel in an externally vulnerable, import-dependent economy, with implications for the sequencing of agricultural investment policies and macroeconomic stabilisation measures in Nigeria.<\/em><em><\/em><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Keywords: <\/em><\/strong><em>Agricultural Sector Growth, Economic Growth, Agricultural Exports, Government Expenditure, Exchange Rate.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Cite:<\/em><\/strong> Ogbuehi I. L. <sup>\u00a0<\/sup>&amp; Isiwu G. D. (2026). Agricultural Sector Growth and Economic Growth Nexus in Nigeria (1984\u20132024).<em> International Journal of Management Foresight and Strategy,4<\/em>(6), 434-451. <a href=\"https:\/\/doi.org\/10.5281\/zenodo.21976023\">https:\/\/doi.org\/10.5281\/zenodo.21976023<\/a><\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/birpub.org\/ijmfs\/wp-content\/uploads\/sites\/5\/2026\/08\/IJMFS_46434-451.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of IJMFS_46,434-451.\"><\/object><a id=\"wp-block-file--media-76736b55-61ce-4921-a7b2-e7eac51273e5\" href=\"https:\/\/birpub.org\/ijmfs\/wp-content\/uploads\/sites\/5\/2026\/08\/IJMFS_46434-451.pdf\">IJMFS_46,434-451<\/a><a href=\"https:\/\/birpub.org\/ijmfs\/wp-content\/uploads\/sites\/5\/2026\/08\/IJMFS_46434-451.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-76736b55-61ce-4921-a7b2-e7eac51273e5\">Download<\/a><\/div>\n","protected":false},"author":1,"template":"","journal_article_cats":[238],"class_list":["post-3926","journal_article","type-journal_article","status-publish","hentry","journal_article_cat-vol-4-no-6"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Agricultural Sector Growth and Economic Growth Nexus in Nigeria (1984\u20132024) - International Journal of Management Foresight and Strategy (IJMFS)<\/title>\n<meta name=\"description\" content=\"This study investigates the agriculture\u2013economic growth nexus in Nigeria using annual time-series data from 1984 to 2024 and a parsimonious ARDL (2,2,1,2,1,2) model. The ARDL bounds test provides no evidence of a confirmed long-run cointegrating relationship. In the short run, exchange rate dynamics emerge as the most statistically significant factors within the estimated specification, while the agricultural-sector variables are individually statistically insignificant. This pattern suggests weak macroeconomic transmission between agricultural performance and aggregate economic growth amid persistent exchange-rate instability. The findings contribute empirical evidence on how macroeconomic instability may weaken the agriculture\u2013growth transmission channel in an externally vulnerable, import-dependent economy, with implications for the sequencing of agricultural investment policies and macroeconomic stabilisation measures in Nigeria.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/birpub.org\/ijmfs\/journal_article\/agricultural-sector-growth-and-economic-growth-nexus-in-nigeria-1984-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agricultural Sector Growth and Economic Growth Nexus in Nigeria (1984\u20132024)\" \/>\n<meta property=\"og:description\" content=\"This study investigates the agriculture\u2013economic growth nexus in Nigeria using annual time-series data from 1984 to 2024 and a parsimonious ARDL (2,2,1,2,1,2) model. The ARDL bounds test provides no evidence of a confirmed long-run cointegrating relationship. In the short run, exchange rate dynamics emerge as the most statistically significant factors within the estimated specification, while the agricultural-sector variables are individually statistically insignificant. This pattern suggests weak macroeconomic transmission between agricultural performance and aggregate economic growth amid persistent exchange-rate instability. 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The ARDL bounds test provides no evidence of a confirmed long-run cointegrating relationship. In the short run, exchange rate dynamics emerge as the most statistically significant factors within the estimated specification, while the agricultural-sector variables are individually statistically insignificant. This pattern suggests weak macroeconomic transmission between agricultural performance and aggregate economic growth amid persistent exchange-rate instability. 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