The Impact of Agricultural Modernization on Socio-Economic Growth in Nigeria

Fred Amakiri  Jackson; Patimi Ebikeiseye

doi:10.59890/ijfbm.v3i6.150

Authors

Fred Amakiri Jackson Isaac Jasper Boro College of Education Sagbama Bayelsa State
Patimi Ebikeiseye Isaac Jasper Boro College of Education Sagbama Bayelsa State

DOI:

https://doi.org/10.59890/ijfbm.v3i6.150

Keywords:

Agricultural Mechanization, Per Capita Income, Exchange Rate

Abstract

Agriculture remains a central pillar of Nigeria’s economy, yet its productivity continues to lag behind that of global competitors due to structural bottlenecks, reliance on traditional farming techniques, and inadequate technological adoption. This paper provides a critical examination of how agricultural modernization affects socio-economic growth in Nigeria. The study uses time series data covering the period 1990 to 2022. Per Capita Income (PCI) is used as the dependent variable while the agricultural machinery import (AMI), government expenditure on farm mechanization (GEM) and exchange rate (EXR) served as the independent variables. Test conducted include: descriptive statistics, stationary test, cointegration test, and ARDL regression analysis. The result found a positive and significant relationship between PCI and AMI, GEM while there is negative but significant relationship between PCI and exchange rate over the period. The study concluded that agricultural mechanization has the potentials to improve the PCI of the people and therefore, recommends that more focus should be given to agricultural mechanization as it improves the overall well-being of the people through increases in per capita income.

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