IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2022i5p443-453.html
   My bibliography  Save this article

Agro-Allied Small and Medium Scale Business and Economic Growth of Nigeria (1976-2021)

Author

Listed:
  • Bayode Olusanya Babatunde

    (Osun State University)

  • Adebayo Olagunju

    (Osun State University)

  • O.A Onikoyi

    (Osun State University)

  • B.O. Oginni

    (Osun State University)

  • B.L.O. Kazeem

    (Valahia University Târgovi?te)

Abstract

Agro-allied industries rely on agriculture for raw materials in order to produce finished goods that are helpful to livestock and people. The study examined the impact of agro allied small and medium scale business on economic growth of Nigeria between 1976 and 2020. The data was sourced from CBN Statistical Bulletin and analysed using econometric techniques such as ordinary least square, error correction model etc with the aid of EViews software. The Regression result showed that a positive and significant relationship exist between agro allied SMEs has a significant impact on real gross domestic product (R2 =0.586, Adjusted R2 = 0.577, p value= 0.02). The study concluded that agro allied small and medium scale business has moderate positive impact on economic growth of Nigeria. This study therefore recommends that the emphasis should be on modern technology to improve agro allied business to make economy more functional, relevant and growth driven.

Suggested Citation

  • Bayode Olusanya Babatunde & Adebayo Olagunju & O.A Onikoyi & B.O. Oginni & B.L.O. Kazeem, 2022. "Agro-Allied Small and Medium Scale Business and Economic Growth of Nigeria (1976-2021)," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 18(5), pages 443-453, October.
    • Handle: RePEc:dug:actaec:y:2022:i:5:p:443-453
    as

    Download full text from publisher

    File URL: https://dj.univ-danubius.ro/index.php/AUDOE/article/view/1794/2247
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2022:i:5:p:443-453. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.