STATEMENT OF THE PROBLEM
The growth of agriculture in recent times has been stunted by the overdependence of the nation of crude oil and failure to diversify the economy since the discovery of crude oil in the seventies. Fan (2009) attributed this decline in agricultural productivity to the growth in the mining and manufacturing sector and partly as a result of disincentives created by the macroeconomic environment. From 1980, the decline in agricultural productivity in the country was so poor that domestic production had to be complimented with food importation. The food importation bill of the country which previously stood at 14112.88 million (1974) increased to1964.8 million (1991) with an export of less than 2 percent.
Besides oil, the major strength of the Nigerian economy is its rich agricultural resource base, its human resource and its huge markets. However, these resources have to be effectively mobilized so as to diversify the economic base and reduce dependence on oil and import. The economy remains vulnerable to external shocks emanating from fluctuation in the world prices of crude oil and the rising prices of imports. The resulting external and internal in balances are manifested in the adverse balance of payment position, unemployment and low capacity utilization in virtually all sectors as well as the deteriorating purchasing power of the populace (Atte and Muhammed- Lawal, 2006). So far, it is difficult to find a sector that is problem free. Hence, the agriculture sector cannot be expected from the economic role of Oredo Local Government Area of Edo State. Some of the problems include:
i. Poor transportation, which affects the economic development in Oredo Local Government Area of Edo State.
ii.The use crude implement in Oredo Local Government Area
OBJECTIVE OF THE STUDY
The purpose of this study is to assess the impact of agriculture on economic growth in Nigeria.
However, the study will:
1. Examine the effect of agricultural practice on agricultural productivity in Oredo local government area of Edo state.
2. Assess the impact of budgetary allocation and agricultural policies on agricultural productivity.
3. Determine the relationship between agriculture and economic growth in Nigeria.
BACKGROUND OF THE STUDY
Urbanization dynamics with the physical power and forces of pulling a large num...
Abstract
This study investigates the Petroleum Profit Tax Administration in Nigerian: an empirical evidence for the peri...
ABSTRACTS
Urinary tract infections (UTI) are systemic infections that pose great problem to the health care delivery system worldwide. Mo...
EXCERPT FROM THE STUDY
This concept may have multiple conceptualizations, references and even different ways to measure,...
BACKGROUND OF THE STUDY
Banks and financial Institutions are the most acceptable versatile, delicate .and popular forms of the present da...
ABSTRACT
The main objective of this study was to look, at international business management and assess...
ABSTRACT
The main purpose of this project is to find out the Role of accountants in the economic development of Nigeria...
ABSTRACT
The study examined the influence of family background on the academic performance of senior se...
ABSTRACT
The media is increasingly playing an important role in promoting tourism. The SAT Strategy (2013: 12) suggests that the opportun...
ABSTRACT
This study examined the effect of relationship marketing on organizational p...