Agro-Allied Industry and its Relevance on Economic Performance: Evidence from Nigeria

Nigeria is a nation with various factor endowments, but yet there is still the threat of hunger, extreme poverty and the need to combat this menace calls for urgent attention. Therefore, this study is to focus on the analysis of agro-allied industry and the possibility of reducing the poverty level of the Nigerian populace and enhance a better economic condition. The data for this study is a yearly range from 1986 – 2015. The time series data used for this study is secondary data obtained from world development indicator (WDI). Using the Augmented Dicky-Fuller to check for stationarity of variables after which I will conduct the cointegration test to check for the long-run relationship between the variables. Therefore the findings from various econometrics techniques employed for this study show that there is a long-run relationship between agricultural value-added and gross domestic product.