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AGRICULTURAL DEVELOPMENT AND ITS IMPACT ON THE NIGERIAN ECONOMY
The purpose of this work was meant to examine Agricultural development and its impact on the Nigerian economy. The employed variables are Agricultural productivity and gross domestic product. Our result show that R2 is 41 percent that is 41 percent changes in the employed variables account for the down fall of the Agricultural sector. Our F test will show that our F calculator was much higher than our F theoretical in the table at 5% alpha probably level. Thus the researcher will reject the alternative hypothesis agricultural productivity has not contributed much to the GDP. Based on the findings of the research, the researcher will give some recommendations such as:
i. Government should allocate substantial amount if financial resources to the agricultural sector.
ii. Government should make efforts to encourage the Nigerian farmers with finance and other agricultural incentives and put in place corporate body to make sure that farmer benefits of this because individuals more especially those in the government will deprive them of it.
iii. Policies made on agriculture should be consistent.
TABLE OF CONTENTS
Title Page - - - - - - - - - - - i
Certification - - - - - - - - - - ii
Dedication - - - - - - - - - - iii
Acknowledgement - - - - - - - - - iv
Abstract - - - - - - - - - - - v
Table of Contents - - - - - - - - - vi
List of Tables - - - - - - - - - - vii
CHAPTER ONE: INTRODCUTION
1.1 The Background of the Study - - - - - - 1
1.2 Statement of the Problem - - - - - - - 3
1.3 Objective of the Study - - - - - - - 4
1.4 Significance of the Study - - - - - - - 5
1.5 Research Question/Hypothesis - - - - - - 5
CHAPTER TWO: REVIEW OF LITERATURE
2.1 Literature Review - - - - - - - - 6
2.2 Past Efforts Improving Agriculture in Nigeria - - - 9
2.3 Agricultural Development Programme - - - - 9
2.4 The National Agricultural Policy - - - - - 10
2.5 Agriculture in Economic Development - - - - 13
CHAPTER THREE: METHODOLOGY
3.1 Introduction - - - - - - - - - 16
3.2 Sample to Study - - - - - - - - 16
3.3 The Model - - - - - - - - - - 16
3.4 The Model Estimation Technique - - - - - 17
3.5 Type of Data Required and Sources - - - - - 17
CHAPTER FOUR: PRESENTATION OF DATA
4.1 Introduction - - - - - - - - - 18
4.2 Presentation of the Results on Ordinary Least Square
Technique (OLS) - - - - - - - - 18
4.3 Interpretation of Results - - - - - - - 19
CHAPTER FIVE: SUMMARY, RECOMMENDATION AND CONCLUSION
5.1 Discussion of Findings - - - - - - - 21
5.2 Summary - - - - - - - - - - 21
5.3 Conclusion - - - - - - - - - 23
5.4 Recommendation - - - - - - - - 24
Reference - - - - - - - - - - 27
1.1 BACKGROUND OF THE STUDY
The contemporary Nigerian society has in the last two decades witnessed an upsurge of socio-economic difficulties associated from neglect of the agricultural sector of the economy. Though, the economy was predominantly depended on agricultural products before such as cocoa, palm kernel, palm produce, groundnuts, cashew nuts, before the political independent in 1960. The advent of discovery of crude oil in large quality has shifted the focus of economy earning from agriculture to oil sector, causing over dependence on crude oil production at the detriment of other sectors.
Most non-oil sectors in Nigerian economy suffer setback, even some that are productive become less or non-productive because of focus diversion and lack of proper financing especially in agricultural sector of the economy. Thus, the fact is that over the years, the inflecting pains of neglect of non-oil or agricultural products experienced in the Nigerian economy especially as it affects the production of Agro-Allied, semi processed manufacturing products which result to general fall in standard of living, affecting the volume of non-oil production adversely.
As a result of this ugly development, the Nigerian economy has since last two decades experiencing various forms of economic deformities as shortages or non-availabilities of primary products, also increasing the level of unemployment. Thus, a situation which in several occasions has resulted to social unrest in the Nigerian Economy.
It is in the height of the above and other fundamental causes of the growing decline in the contribution of the agricultural sector to economic development that the federal government (and the state government) introduced a variety of integrated policy measures towards strengthen the agricultural sector.
Some of these measures include government direct participation in food production; embodied in the reforms or changes directed towards re-examining the country’s agricultural policies.
Government’s mean instrument for direct production in agriculture is the National Accelerated Food Production Programme (NAFPP), launched 1973. It was tailored specifically to increase the production of the main food crops, rice maize guinea corn, millet, wheat, cassava and yams large scale irrigation farms of the eleven River Basin Development Authorities (RBDA) launched in 1973, also with the mandate to harness the water resources of the country provide infrastructure such as road and electricity and distribute various farm inputs. Operation Feed the Nation (OFN) of 1976 aimed at food self-sufficiency. Also was the green revolution, introduced in 1980 which attempted to combine the above mentioned features of NAFPP and ADP. It is the early success of these pilot ADP and others still under implementation at that period that have gingered the federal government into adopting the world bank ADP concepts as the core of its agricultural development efforts, and adopt the approach as a nationwide programme. Agricultural development programme is a new state-wide policy, which the federal government introduced to aid farmers in various ways to increase their output and also develop rural areas. Thus ADP can be termed as a progressive and systematic transformation of the traditional agricultural system in order to increase the total output and productivity per farms, minimize underemployment, improve the living conditions of farmers and the rural population in general.
1.2 STATEMENT OF PROBLEM
Agriculture is the main occupation of Nigeria and so far a lot of development programmes has taken place under the regime of Olusegun Obasanjo, such as National Agricultural Policy (NAP), National Economic and Empowerment Development Strategy (NEEDS) which is vigorously implemented in the various sub-sectors within the limits if available resources. But productivity has stagnated, slowing wider economic growth and exacerbating poverty with it. Agriculture can be said to be developed when it contributes immensely to the growth and development of a nation by;
i. Supplying raw materials required by the industrial sector
ii. Contributing immensely to country’s Gross Domestic Product (GDP).
iii. Provide employment for the teeming population
1.3 OBJECTIVES OF STUDY
The objectives of this study are to:
i. To increase in production and processing of exportable commodities with a view to increasing their foreign exchange earning capacity and further diversify the country’s export base and sources of foreign exchange earnings.
ii. Modernize agricultural production processing, storage and distribution through the fusion of improved technologies and management so that agriculture can be more responsive to the demands of other sectors of the economy.
iii. To create more agricultural and rural employment opportunities to increase the income of farmers and rural dwellers and productively absorb and increasing labour force in the nation.
1.4 SIGNIFICANCE OF THE STUDY
A study of this type is to tell how important the agricultural sector is to the development of the Nigerian economy. We know that Agricultural does not just affect the lives of individuals, but as far as industrializing a country. With the various development programmes taking place in the Agricultural sector in the president’s reform programmes, it is imperative to know that for a country to develop the basic need of its people must be met, it has to be able to accommodate the teeming population with its produce then the surplus can be used for exchange of technologies to develop the country.
Ho: Null hypothesis
There is no significant difference between agricultural productivity and gross domestic product
Hi: Alternative Hypothesis
There is a significant difference between agricultural productivity and gross domestic product.