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The objective of this paper is to investigate the link between agricultural budgetary allocation and economic growth in Nigeria from an econometric perspective. The results of the analysis show that the relationship between agricultural budgetary allocation and economic growth in Nigeria is positive but not significant in the long run, while the relationship is positive and significant only for the two-year lagged value of agricultural budgetary allocation. This observed relationship is not unrelated to the low budgetary allocations to agriculture over the years in Nigeria. This implies that there is a need for a significant increase in budgetary allocations to agriculture in order to ensure that the agricultural sector plays a pivotal role in the national transformation of Nigeria.