An empirical estimation of the nexus between agricultural farm inputs and economic growth in Nigeria

This study indentifies various categories of variables that help to increase agricultural growth in Nigeria. The variables includes, an increase in agricultural farm inputs through Government Capital Expenditure (GOVTEXP) on agriculture, Agricultural Credit Guarantee Scheme Fund (ACGSF), Fertilizer input (FERCONSUM), Rainfall and Foreign Direct Investment (FDI).All these contribute to increase in the growth of agricultural commodities to Nigerian GDP. This study employs a unit root test, co integration, Error correction models and found out that the variables in the equation are co integrated which implies that there is a long run equilibrium relationship existing between the variables in the equation. This long run relationship is the basis for the short run disequilibrium adjustment in the model by the use of ECM which shows that the independent variables in the model significantly explain changes in economic growth in Nigeria.