Skip to main content

THE IMPACT OF AGRICULTURAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA


ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!

INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420


THE IMPACT OF AGRICULTURAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA

Background of the study
The term Agricultureâ has been subjected to different definitions by various experts.  As a result Ighodo (1984: 20) defined agriculture as the art and science of the cultivation of crops and rearing of animals for man’s use.  He also emphasized that agriculture is also the production of fibres for industries, processing of farm produce, packaging and marketing of farm products.  This definition is quite embracing as it covers all activities that ensure man’s survival.  However, the aspect of research and training that is so vital in production was conspicuously missing in the definition.

In order to fill this gap, Ogwuma (1985: 5-8) defines agriculture as production of field crops, forestry, fishing and livestock, research and training of extension workers.

Production is only complete when it gets to the final consumers.  It is in response to this economic doctrine that Anyanwu (1987:102) defined agriculture as involving cultivation of land, raising and rearing of animals for the purpose of providing food for man, feed for animals and raw materials for industries.  It involves forestry, fishing, processing and marketing of these agricultural products.

Komolafe (1985), Adegoye (1985) and Adubi (2000) defined agriculture as the cultivation of soil for crop production and of looking after animals to produce better meat and other food products and also a process by which farm products are sold.

Simon Kuznet (1973) defined economic growth as a long term rise in the capacity to supply increasingly diverse economic goods to its population.  It entails a sustainable rise in national output which is a manifestation of economic growth.

To Anyanwu (1997), the role of agriculture in transforming both the social and economic framework of an economy cannot be over-emphasized.  In effect, it has been the main source of gainful employment from which the nation can feed its teeming population, providing the nation’s industries with local raw materials and as a reliable source of government revenue.

According to Adegoye and Dittah (1985), agricultural output can increase the level of income of farmers and the people.  They said what constitutes the level of agricultural output will vary with the stage of economic development of a country.

For a purely subsistence economy, agricultural development will occur but not like in a fully developed economy.  If there is enough food for the people and a marketable surplus is produced, it will increase the income of the peasants.  The increased income generated would so provide means for them to purchase other necessities of life, which they cannot produce themselves.  By this means, the standard of living of the peasants will improve and unemployment, underdevelopment will be reduced.

They stated that a fully developed economy, especially in agricultural sector, means increase in the production of export crops with an improvement in the quantity and grades of such export crops.  For a country that has started to industrialize, agricultural output will be said to have acquired growth if agriculture can supply enough raw materials to the agro-allied industries.

Reynolds (1975: 215), revealed that agricultural development can promote the economic development by increasing the supply of food available for domestic consumption and releasing the labour needed for industrial employment.  According to him, agricultural development can promote economic development of underdeveloped countries in four distinct ways:

i)  By increasing the supply of food available for domestic consumption and releasing labour needed for industrial employment.

ii) By enlarging the size of the domestic market for the manufacturing sector.

iii) By increasing the supply of domestic savings and

iv) By providing foreign exchange earned by the agricultural exports.

Omawale and Rodriguez (1975) opined that for most developing countries, agriculture has been assigned an important role in national development.  To them, agriculture has been seen as a means of reducing dependence on certain importations, containing food price increases, earning foreign exchange, absorbing many new entrants to the labour market and increasing farm incomes at times of severe unemployment and rural poverty.

According to J. C. Anyanwu, A. Oyefusi, H. Oaikhenan and F. A. Dimowo (1997), the role of agriculture in transforming both the social and economic framework of an economy cannot be over-emphasized.  It is a source of food and raw materials for the industrial sector, it is also essential for expansion of employment opportunity, for reduction of poverty and improvement of income distribution, also for speeding up industrialization and easing the pressure on Balance of  Payment. In effect, it has been the source of gainful employment from which the nation can feed its teeming population, providing the nation’s industries with local raw materials and as a reliable source of government revenue.
HOW TO GET THE FULL PROJECT WORK

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420

(1)    Your project topics
(2)     Email Address
(3)     Payment Name
(4)    Teller Number
We will send your material(s) after we receive bank alert

BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.

OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.



FOR MORE INFORMATION, CALL:
08068231953 or 08168759420


AFFILIATE








Comments

Popular posts from this blog

AN APPRAISAL OF THE LOAN EVALUATION CRITERIA AND CONTROL TECHNIQUE IN ZENITH BANK

ATTENTION: BEFORE YOU READ THE PROJECT WORK, PLEASE READ THE INFORMATION BELOW. THANK YOU! TO GET THE FULL PROJECT FOR THE TOPIC BELOW PLEASE CALL: 08168759420, 08068231953 TO GET MORE PROJECT TOPICS IN YOUR DEPARTMENT, PLEASE VISIT: www.easyprojectmaterials.com www.easyprojectsolutions.com www.worldofnolimit.com AN APPRAISAL OF THE LOAN EVALUATION CRITERIA AND CONTROL TECHNIQUE IN ZENITH BANK ABSTRACT The role of banks as financial intermediary is crucial to the growth of any society. Primarily, bank supply, such financial services as provision of savings and time deposits, call deposits, working capital and terms l oans, tender and performance bonds documentary collections, fund transfer, foreign exchange transaction, equipment leasing and business advisory services. To the individual and corporate business community, bank loans are a prime source of fun...

OWNERSHIP STRUCTURES, CORPORATE GOVERNANCE AND PERFORMANCE OF small MFIs in Nigeria(MSC)

YOU CAN CALL US BACK FOR THE COMPLETE THESIS. WE CAN ALSO HELP YOU WITH CORRECTIONS FROM YOUR SUPERVISOR. PLEASE CALL 08068231953, 08168759420        MSC THESIS TOPIC: OWNERSHIP STRUCTURES, CORPORATE GOVERNANCE AND PERFORMANCE OF small MFIs in Nigeria(MSC)   Abstract The purpose of the study was to examine the relationship between ownership structures, corporate governance and the performance of small MFIs in Nigeria. Interest in this study was as a result of poor performance of these MFIs as indicated in the AMFIU Annual report of 2006. The study therefore sought to determine if this could be attributed to their ownership structures and therefore governance levels.   A cross sectional survey design was used to undertake this study using a sample of 65 MFIs from which responses from 44 MFIs were received; giving a response rate of 67.7%.    Findings of the study reveal that ownership structures and corporate governance are significant predict...

ROLE OF RURAL WOMEN FARMERS ON THE ECONOMIC DEVELOPMENT OF EDO STATE

ATTENTION: BEFORE YOU READ THE PROJECT WORK, PLEASE READ THE INFORMATION BELOW. THANK YOU! TO GET THE FULL PROJECT FOR THE TOPIC BELOW PLEASE CALL: 08168759420, 08068231953 TO GET MORE PROJECT TOPICS IN YOUR DEPARTMENT, PLEASE VISIT: www.easyprojectmaterials.com www.easyprojectsolutions.com www.worldofnolimit.com ROLE OF RURAL WOMEN FARMERS ON THE ECONOMIC DEVELOPMENT OF EDO STATE ABSTRACT The role of rural women farmers in the economic development of Egor Local Government Area in Edo State cannot be over emphasized. There is basicall y no aspect of economic development in Edo State that one cannot find women. A review of feminist literature, indicate that there is now a demand for re-orientation of research and change in methodological procedures used for complication of national statistics so as to reflect accurately the position of women and their la...