A Review of Impact of Government Expenditure and Bank Credit on Agricultural Productivity of Nigeria-Juniper Publishers
Annals of Social Sciences & Management Studies-Juniper Publishers Introduction The Nigerian agricultural sector had traditionally been expected to fulfil such roles as providing food for the growing population, generate foreign exchange earnings, employ part of the teeming labour force and provide income for the farming households. The contribution of the agricultural sector to the value of the national output otherwise called gross domestic product (GDP) has been relatively low over the years, averaging less than 40 percent during the 1980 - 1998 period (CBN, 1998a). Although, the agricultural sector accounted for 60 – 70 percent of the non-oil export value, its contribution amounted to less than 10 percent of the total export per-annum recently (CBN, 1998b). Empirical evaluation of food supply by the Nigerian agricultural sector has been somewhat mixed results. However, the food import bills, which grew from N58.50 million in 1970, N1,106million in 1978 to 102,165million in 199