Budgetary Allocations to the Agricultural Sector in Nigeria: Implications on Investment and Productivity

摘要

The study analyzed the budgetary allocations to the agricultural sector in Nigeria. The mean difference test, percentages and trend analyses were used to compare the allocations by the Federal and State levels of government. Results show that there was instability in the way budgets were allocated to the agricultural sector, and there was no significant difference between the allocations made to the sector by the federal and state levels of government. The study recommends that the government at all levels should ensure stability and increment in allocation to the agricultural sector to promote growth and development of the sector. The government should ensure proper monitoring and effective service delivery with regards to allocations to the agricultural sector, while farmers should ensure efficient use of allocated resources for agricultural development. Government should also ensure proper implementation of suitable agricultural policies that would promote increased investments and productivity in the sector.