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The article on this topic (Government expenditure and agricultural production in Nigeria) is an extract from literature review of the project material. The complete project work would be made available when you subscribe for the full material.
CHAPTER TWO
LITERATURE REVIEW
The socio-economic development of any nation is usually dependent on many factors, which combine to ensure the successful attainment of set development goals. One of such factors is agriculture. Its discovery dates back to 800 BC period regarded as the new Stone Age, when man began to till soil and grow crops using crude implements made out of stone (Anderson, 1995). According to Maslow, 1954, food is one of the physiological needs of man, which must be satisfied before other needs could be attained. Supporting Maslow’s assertion, Morgan and Henson (1085) argue that agriculture will remain an indispensable factor until the end of human existence.
The importance of agriculture in the socio-economic development of every nation has made many countries of the world (i.e. developed and developing) to place more emphasis on its development. This is evident in the number of programmes that have been introduced by both international agencies and individual countries to ensure improvement in agricultural activities. In Nigeria for instance, successive governments have introduced and implemented programmes in this regard. Such programmes include Operation Feed the Nation (O.F.N.), Agricultural Research Policy, Agricultural Development Project, Agricultural Credit Government Scheme, The Green Revolution, River Basin Development Authorities (RBDA), National Agriculture Land Development, Nigeria Agricultural and Co-operative Bank (NACB), The Structural Adjustment Programme (SAP), Directorate of Food, Roads and rural Infrastructure (DFRRI), (Anyanwu, 1960-1997). It is however, disheartening that despite the laudable nature of these programmes and the huge financial resource expended on them, their impact on the economy remains as infinitesimal.
However, the problem, which the Nigeria agricultural sector suffers till date, could be traced to the discovery of crude oil. The discovery of crude oil deposit in various parts of the country in commercial quantities in mid 1960’s coupled with the oil boom of 1974 as a result of the America, affected adversely the agricultural sector. The economy therefore, became heavily dependent on oil. For instance, oil sector provides 20% of GDP, 95% of foreign exchange earnings, about 85% of total export and 65% of budgetary revenue (Anyanwu, 1997).
Agricultural contributions to the economy were instrumental in sustaining economic growth and stability, stable growth in agricultural exports was the backbone of favourable balance of trade. Primary processing of raw materials from the agricultural sector hence helped in the sectors through the imposition of taxes and accumulation of marketing surpluses, which were used to finance many development project.
Agricultural sector notwithstanding is more else degenerating to a type of peasant agriculture, which is caught in vicious cycle of poverty where destination caused by low income, and disguised employment lends to poor saving and little investment in technology. This therefore, calls for the attention of the government for the development of the sector. The development of agricultural sector is one of the crucial requirement for moving the economy forward. This study therefore, tends to investigate government expenditure on agricultural production in Nigeria and how to increase its productivity and role in the economy
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SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
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1. IMPACT OF GOVERNMENT EXPENDITURE ON ECONOMIC GROWTH IN NIGERIA (1970 – 2010)
» CHAPTER ONE 1.1 Background to the Study The relationship between government expenditure and economic growth has continued series of debate among schol...Continue Reading »Item Type & Format: Project Material - Ms Word | 181 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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2. THE DETERMINANT OF SAVINGS IN NIGERIA (1985-2011)
» ABSTRACT The term savings refers to the part of income immediately spent or consumed but reserved for futureconsumption, investment or unforeseen cont...Continue Reading »Item Type & Format: Project Material - Ms Word | 69 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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3. THE EFFECTS OF TAX EVASION AND AVOIDANCE ON THE NIGERIAN ECONOMY
» ABSTRACT This research project is a very crucial study on the effects on tax evasion and avoidance on Nigeria economy. To solve the research problem, ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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4. EXCHANGE RATE FLUCTUATION AND EXPORT PERFORMANCE IN NIGERIA (1961-2011)
» ABSTRACT This paper “exchange rate fluctuation and export performances in Nigeria” aim to determine the effect of foreign exchange dynamism on the...Continue Reading »Item Type & Format: Project Material - Ms Word | 50 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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5. EFFECT OF FUEL SCARCITY IN NIGERIA ECONOMY A CASE STUDY OF KANO STATE
» CHAPTER ONE INTRODUCTION 1.1 Background of the study The word “Scarcity” means when there is insufficiency of something. Since there is insufficie...Continue Reading »Item Type & Format: Project Material - Ms Word | 51 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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6. THE RELEVANCE OF PETROLEUM PROFIT TAX TO THE NIGERIAN ECONOMY
» ABSTRACT This study was carried to investigate the relevance of petroleum profit tax to the Nigerian economy with a particular reference to Federal In...Continue Reading »Item Type & Format: Project Material - Ms Word | 57 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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7. THE IMPACT OF WORKING CAPITAL MANAGEMENT IN SMALL AND MEDIUM SCALE ENTERPRISES IN UYO
» CHAPTER ONE INTRODUCTION 1. BACKGROUND OF THE STUDY There exist lots and lots of business ventures that are run by individuals, group of people or ass...Continue Reading »Item Type & Format: Project Material - Ms Word | 108 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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8. THE IMPACT OF PRIVATE BUSINESS SECTORS IN THE REDUCTION OF UNEMPLOYMENT IN ENUGU METROPOLIS.
» CHAPTER ONE INTRODUCTION Background of the Study The most pressing problems in Nigeria today and in every developing nation is unemployment. Many peop...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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9. IMPACT OF GOVERNMENT EXPENDITURE ON ECONOMIC GROWTH IN NIGERIA
» CHAPTER ONE 1.1 Background to the Study The relationship between government expenditure and economic growth has continued series of debate among schol...Continue Reading »Item Type & Format: Project Material - Ms Word | 181 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT
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10. IMPACT OF PUBLIC AGRICULTURE EXPENDITURE ON AGRICULTURAL OUTPUT AND ECONOMIC GROWTH: (1990-2015)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Agriculture, in whatever form it comes or exists food and cash crops production, livestock, poult...Continue Reading »Item Type & Format: Project Material - Ms Word | 72 pages | Instant Download | Chapter 1-5 | ECONOMICS DEPARTMENT