Macroeconomic Determinants &Forecast of Agricultural Growth in Nigeria

This book studied macroeconomic determinants and forecast of agricultural growth in Nigeria. Results showed that trends of agricultural growth, public external debt and domestic private investment, FDI and labour were fluctuated with peaks 605538.2 metric tons, USD32.6 billion, USD21.9 billion, USD101 billion and 59540000 employed persons respectively. The direction of growth of agricultural output, public external debt and FDI were decelerated while the domestic private investment was accelerated; the instantaneous growth rates of agricultural output, public external debt and domestic private investment, FDI and labour were 4.83%, 2.13%, 10.03%, -2.18% and 2.58% respectively during the period under review. Agricultural output will continue to grow to the tune of 109 097.80 metric tons by 2021. Based on the findings from the analysis, it was recommended that the entrepreneurial spirit in the real sector of the economy should be developed to further strengthen private capital participation in agriculture. FDI-inducing institutions should be properly managed to sustain its continuous flows and boost foreign investors¿ confidence in the economy. should be spent on