RECOVERY FROM ECONOMIC RECESSION AND AGRIBUSINESS PRODUCTIVITY NEXUS IN NIGERIA

Abstract

Nigeria has been experiencing a biting economic recession, recording negative GDP growth rates in several quarters consecutively. The current economic recession has been attributed to poor economic planning by the past government, wastages, corruption, lack of policy direction, among other causes. The fact that the current recession is also accompanied by inflation has made it a very difficult situation to tackle. This paper has argued the potency of Agribusiness as an antidote to Nigeria’s economic recession. Agribusiness has the capacity to absorb a large percentage of the unemployed and the underemployed, leading to increased growth, a prerequisite for exiting recession.