GOVERNMENT EXPENDITURE ON CROP PRODUCTION IN KOGI STATE: AN ANALYSIS OF VECTOR AUTOREGRESSIVE MODEL
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Date
2023-11-10
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Department of Public Administration, Faculty of Management and Social Sciences, Lagos State University, Ojo, Nigeria
Abstract
The study investigated the impact of government investment on agricultural development in Kogi State. The term public expenditure on agriculture is used to denote both one-time and ongoing expenses for things like irrigation systems, maintenance of current infrastructure, and support for farmers in the form of seedlings and pesticides. Variations in the results of past investigations served as the source of inspiration for the current study. In a correlational study method, secondary data from KOSADP and the Kogi State Ministry of Budget and Planning were employed. The study's hypotheses were investigated with the aid of the Vector Autoregressive (VAR) Model. The results of the VAR model revealed, among other things, that there is no observable relationship between agricultural growth in Kogi State and government capital spending. Agro-equipment, which includes tractors, harvesters, corn milling machines, sprayers, ploughs, water pumps, and chemical equipment, is one type of agricultural resource that crop producers can use to receive support and assistance, according to the study's findings, which suggest that the Kogi State government should take agricultural funding seriously by making sure that the funds are promptly released to the ministry and the appropriate parastatals. Another approach to do this is to make sure that funds are made available on time and in adequate quantities to cover capital expenditures, as agricultural activities are time-sensitive.