Impact Assessment of Agribusiness Activities Contributing to Sustainable Economic Growth of Nigeria

Agribusiness activities contribute significantly to the sustainability of human life. The activities cover all businesses related to agriculture starting from the stage of input production to the final stage of marketing/ distribution of agricultural output. Agribusiness activities were considered to be paramount for the resuscitation of Nigeria’s economy that has undergone recession due the impact of Covid-19 and fall in the price of petroleum in the world market which is the main source of income generation. However, agribusiness activities are impaired by many problems among which include: scarcity of funds, poor policies implementation, insecurity, infrastructure deficit, erratic political system, unfavorable climatic conditions etc. This article focuses majorly on the impact assessment of agribusiness activities contributing to the sustainability of economic growth of rural areas in Ondo State, challenges militating against agribusiness actors and some of the inventions to ameliorate them. The study involved mixed research method. The quantitative data are gathered via questionnaire and analyzed via descriptive statistics while the qualitative data are gathered through semi interview guide. The total sample size for the study was 180 respondents. The research finding showed that agribusiness activities substantially contribute to the economic growth of Nigeria. The findings of this study may be pertinent in the development of policies and strategic plans for ensuring economic growth through the inputs of agribusiness dealers.