Re-Examination Of Nigeria Agricultural Expenditure: Governance Perspectives
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Date
2020
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International Journal of Economics Development Research
Abstract
The weapon of every growing economy can be associated with governance, as good
governance put all action and inaction in one basket and make sure that is channel
through transparent, effective, and accountable to provide enabling atmosphere for
the economy to strive for the betterment of the citizen. It is on this remark, this study
investigates the effect of governance in the agricultural expenditure in Nigeria,
Error Correction mechanism was employed on the time-series data collected from
National statistics bulletins and the empirical results revealed that accountability
and corruption control have a positive and statistically significant effect on the
agricultural expenditure in the short run within the sample period. However, the
agricultural output was found to have a decline effect on the agricultural
expenditure in the short run in Nigeria. This study, therefore, recommended that the
government at all levels should ensure that corrupt governance is fought or reduced
to a minimum level in order to achieve an effective allocation of funds to the
agricultural sector to improve performance and contribution to economic growth
and development. Accountability should be adopted in every level of government to
reduce waste, encourage competence and consistency, liable, responsible to promote
investment, and ethics.
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Keywords
Agricultural, Expenditure, Error Correction Mechanism, Governance