Structuralization for Industrialization and Agric–Industry Linkage in Nigeria: An Empirical Approach

This empirical study explores the complex processes of structuralization, industrialization, and the integration between agriculture and industry in Nigeria’s economic context. It identifies key obstacles to this integration, such as inadequate infrastructure, financial constraints, and inconsistent policies, while envisioning a future where agricultural activities drive industrial development and support self-sustaining growth. The study underscores that effective structuralization can promote industrial diversification and increase the value of agricultural products, contributing to the achievement of Sustainable Development Goals (SDGs) 2 and 9. Drawing on secondary data from reputable sources including the World Bank and the Central Bank of Nigeria, this study applies the endogenous growth model alongside other development theories to investigate the impact of agricultural growth on industrial expansion. Employing advanced statistical techniques like the Cochrane–Orcutt AR(1) regression, the analysis covers the period from 1998 to 2023 to assess the relationship between agricultural and industrial growth. The results reveal a modest positive correlation, suggesting that improvements in agriculture have the potential to stimulate related industrial sectors and play a meaningful role in boosting GDP growth per capita. The study underscores the critical role of structural and inclusive reforms, along with investments in education and governance, in fostering sustained economic growth. It also emphasizes the significance of global engagement and collaborative efforts to tackle agricultural challenges, facilitating the development of commercially viable sectors that create jobs and generate income. Ultimately, the study offers valuable insights for overcoming barriers to establishing a robust agricultural–industrial linkage, presenting promising prospects for Nigeria’s economic future built on foundations that support sustainable development.