THE IMPACT OF BUDGETARY ALLOCATIONS ON AGRICULTURE SECTOR REFORM AGENDA: EVIDENCE FROM NIGERIAN PUBLIC SECTOR
Abstract
This study examined the impact of budgetary allocations on public sector reform agenda in Nigeria. In particular, allocations to the agricultural sector were reviewed so as to determine its contribution to the Nigerian economy. Agricultural sector has always been a major contributor to the Gross Domestic Product of Nigerian economy. In view of this, Government has always allocated a sizeable portion of its budget to agriculture. Towards this backdrop, this study looked at Nigeria budgetary allocations to the agricultural sector and evaluated its contribution to the nation’s gross domestic product (GDP). The relevant literature to the study was reviewed to identify and fill the existing gap. The data were presented and analyzed using trend analysis to show the increases and decreases in data trend as well as interactions between variables. The findings revealed that the Federal Government budgetary allocations to the agricultural sector do not have a positive and significant impact on Nigeria’s gross domestic product. Conclusion was drawn and it was recommended based on the findings of the study among others that the federal government of Nigeria must ensure that its budgetary allocations to the agricultural sector must translate into a positive relationship between gross domestic product and economic growth.
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