The Impact Of Agriculture On Economic Growth In Nigeria

The Impact Of Agriculture On Economic Growth In Nigeria

Abstract

The conception of a person held by a group of people is abecedarian in understanding not only how a person within similar frame of study views himself but also how other matters similar as the idea of being, morality, knowledge and verity that are essential for the ordering of the society are viewed. This is emphasized by the fact that such a conception encapsulates the part the society expects the individual to play for the attainment of an orderly society and this makes it ineluctable for African Scholars to write on the generality of a person from the Africans perspectives. The Yoruba of south western Nigeria, a person is believed to be made up of three important corridor. These are the “ Ara ” which is the material body, including the internal organs of a person; the “ Emi ” which is the life giving element and the “ Ori ” which is the individuality element that’s responsible for a person’s personality. In Akan ontology, a person is also made up of three corridor videlicet the “ Okra ”, the “ Sunsum ” and the “ Honam ” or “ Nipadua ”, representing the soul( or life giving reality), the spirit that gives a personality its force and bodyrespectively.ABSTRACT

This study examined and analysed the impact of husbandry on profitable growth in Nigeria. It espoused the secondary data sourced from Central Bank of Nigeria covering the period 1985 to 2010. The study employed the ultramodern Time Series of the Ordinary Least Forecourt to test for the relationship between husbandry and profitable growth in Nigeria. The results deduced infer that there exists a significant relationship between husbandry spending and profitable growth. The null thesis stated for this study doesn’t hold. What this implies is that husbandry revolution is a determinant to profitable growth. therefore, it’s important that thegovernment placed lesser stresses on this sector by adding popular allocation to husbandry in Nigeria in other meet the recommendations of both Food and Agriculture Organization( FAO) and African Union( AU). It’s recommended that further backing be handed for agrarian universities in the country to carry out further exploration on all aspect of agrarian affair, similar as beast, crops, fishing and forestry, crop preservation and also establishment of further exploration institutes to ameliorate seedling product, encourage the use of irrigation husbandry system and provision of storehouse installations for seasonal products as means of perfecting the country’s agrarian affair. farther recommendations include the need for the Central Bank of Nigeria to come out with stable policy guideline to enable the marketable banks expend loans to growers at a veritably lower interest rate, in order to help them expand their product capacity. More so, the need for government to encourage further exportation of agrarian affair as this in turn will enhance external foreign exchange earnings and ameliorate the competitiveness of Nigerian agrarian yield in the transnational requests.

Chapter One

Preface

Background to the Study

The term husbandry is deduced from the Latin words, “ ager, ” meaning field, and “ Cultura ”, meaning civilization. This suggests that the foremost form of product husbandry was crop product( Are, Igbokwe, Asadu, Bawa, 2010; Erebor, 2003). It may be noted that Agriculture is further than crop product. It also includes beast product, processing of primary products( or value addition) and marketing of yield and products. Erebor( 2003) defines husbandry as the art and wisdom of cultivating the soil, recycling crops and beast products for man, and the process of dealing redundant crop and beast.

Meanwhile,( Kricher, 1997) defines husbandry in a more advanced way by saying that, husbandry or husbandry is the simplification of nature’s food webs and the rechanneling of energy for mortal planting and beast consumption. To simplify, husbandry involves turning nature’s natural inflow of the food web. The natural inflow of the food web is the sun provides light to shops convert sun into sugars which give food for the shops( this process is called photosynthesis). shops give food for beasties( factory- eating creatures) and the beasties provides food for herbivores( meat- eating creatures). This simple illustration of food web provides the base for assaying the impact of husbandry on profitable growth.

In literature, profitable history provides us with ample substantiation that agrarian revolution is a abecedarianpre-condition for profitable growth, especially in developing countries. Development economists have concentrated on how husbandry can best contribute to overall profitable growth and modernization. Todaro and Smith( 2003) look at Lewis proposition of development, and reported that the underdeveloped frugality comported of two sectors. These sectors are the traditional agrarian sector characterized by zero borderline labour productivity and the ultramodern artificial sector. In Rostow’s direct stages of profitable growth, agrarian revolutions is apre-condition for take- off and take- off stages

The significance of a vibrant and robust husbandry is evocative on its part in furnishing employment openings for the bulging population, eradicates poverty and contributing to the growth of the frugality. The relation between husbandry and profitable growth is well proved in literature( Ogen, 2007; Okongwu, 1986; Atte and Muhammed- Lawal, 2006 to maintain many). According to Izuchukwu( 2011), husbandry has been the backbone of the frugality in Nigeria furnishing employment and source of livelihood for the adding population, it accounts for over half of the GDP of the Nigerian frugality as at independence in 1960.

still, the part it plays in the indigenous and profitable development of the country has lowered over the times due to the dominant part of the crude oil painting sector in the frugality. With the adding food demand in Nigeria, the country has available natural coffers and implicit for adding the volume of crop product towards meeting the food and nutritive demand of the fleetly adding population and guarantee food security in the country. thus, the source of public wealth is basically husbandry.

plainly, the neglect of husbandry in Nigeria owing to the discovery of oil painting has braked the growth of the frugality for the once decades. The effect of this neglect could be felt in the poor quality of life of people as average Nigerian was quoted as living inUS$ 1 per day; if restated to Naira, this quantum to N165 day at present. It may not be wrong to say that such a comment is a political cover. The faces we see daily on our thoroughfares and those we may not be suitable to see because of their incapability to muster enough strength to walk over to the road as a result of several days of hunger and starvation, or indeed food associated ill- health and avoidable deaths of knockouts of people everyday, a better, more sincere and realistic assessment of the situation would be put an average income at US$ 0-0.5 per day. Studies in literature reveal that seven out of every 10 Nigerians live in menial poverty; hardly suitable to feed, cloth or house themselves. It’s an irrefutable fact that Nigeria and hersub-Saharan African neighbors have been suspiciously nominated by the world political and profitable powers as fortresses of hunger, poverty, ignorance, conditions, misery, debts, crud and heads. This irrefutable imagery will for long remain unforgettable in the world’s libraries unless a reasonable step is taken by people and Government of this doomed sector of the global vill. It’s against this background that the study seeks to assess the impact of husbandry on profitable growth.

Statement of the problem

Besides oil painting, the major strength of the Nigerian frugality is its rich agrarian resource base, its mortal resource and its huge requests. still, these coffers have to be effectively mustered so as to diversify the profitable base and reduce dependence on oil painting and import. The frugality remains vulnerable to external shocks expiring from change in the world prices of crude oil painting and the rising prices of significances. The performing external and internal in balances are manifested in the adverse balance of payment position, severance and low capacity application in nearly all sectors as well as the deteriorating purchasing power of the crowd( Atte and Muhammed- Lawal, 2006).

The donation of husbandry to the Nigerian profitable growth is veritably low compared to what it used to be in the once 14 times. Nigerian husbandry to a large extent still possesses the characteristics of a peasant frugality that was prominent in thepre-independence period. Given the information above, this study seeks to assess the impact of husbandry on profitable growth in Nigeria from 1985- 2010

Objects of the Study

The purpose of this study is to assess the impact of husbandry on profitable growth in Nigeria.

still, the study will

1. Examine the effect of agrarian practice in Nigeria on agrarian productivity.

2. Assess the impact of popular allocation and agrarian programs on agrarian productivity.

3. Estimate the trend of growth of agrarian sector in Nigeria since 1985 up to 2010.

4. Determine the relationship between husbandry and profitable growth in Nigeria.

Exploration Questions

The following questions will guide the study.

1. What’s the growth of Agricultural sector between 1985- 2010?

2. To what extent has popular allocation and agrarian programs affected agrarian productivity in Nigeria?

3. Is there any significant relationship between husbandry and profitable growth in Nigeria?

Thesis Of The Study

The thesis of no significant difference will be used to estimate the relationship between husbandry and profitable growth.

Significance of the Study

The study is applicable in a true sense that it’ll help to promote husbandry in Nigeria. The study will help bring radical metamorphosis for public growth, especially through its effect on pastoral inflows and provision of coffers for metamorphosis into an bucolic frugality. This present study will help policy makers and government to address the challenges of climatic change, global recession and abating profit which threatens food security. The Nigerian crowd will profit from this study because agrarian revolution will be suitable to give the quality and volume of food.

Industrial and Manufacturing enterprises will also profit from steady force of raw accoutrements and give large requests for artificial products. Government will profit because the study will help it to put political will in promoting husbandry in order to achieve full profitable growth in Nigeria.

detail Methodology

The study reckoned on secondary data sourced from the Central Bank of Nigeria( CBN) from 1985 to 2010 reported in their statistical bulletin. It espoused the descriptive and logical statistics to assay the data employing different econometric styles similar as unit root test, co integration and Error Correction Model among others with the support ofE-view statistical package. The Ordinary Least Forecourt was employed to test the relationship between husbandry and profitable growth in Nigeria.

Plan of Study

This study was divided into five chapters. Chapter one covers the preface of the study, the statement of the problem, the objects of the study, exploration questions and thesis among others. The review of applicable and affiliated studies covering the propositions that explain the relationship between husbandry and profitable growth are in Chapter two, while Chapter three discusses and explains the logical frame and methodology espoused for the study. Chapter four concentrated on the empirical result and discussion of the study and Chapter five focuses on the summary, conclusion and recommendations on the base of the study’s findings.