Get the complete project »
- The Complete Research Material is averagely 72 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
1.1 BACKGROUND OF THE STUDY
Agriculture, in whatever form it comes or exists-food and cash crops production, livestock, poultry, animal husbandry, hunting and Horticulture-has its roles to play in any Nations Economic growth and development is crucial. Among these roles are sources of food for the growing population, raw material for the manufacturing sector, reduction of inflationary pressure, earner of foreign exchange, empowerment of the labour force, source of income and savings for the farmer and improvement in their living standards, and market for products of the manufacturing sector. (Jhingan M.L 1975).
But, unfortunately for Nigeria as a developing Nation, these roles are hardly met by the Agricultural sector because of the internal and external factors facing farmers in Nigeria. A catalogue of reasons have been advanced for the relative poor performance of Nigeria’s agricultural sector. Key among these macroeconomic disequilibrium include; interest and foreign exchange rate volatilities, poor infrastructure base, policy inconsistency and unnecessary intervention by the public sector which sends wrong (crowding out) signal to the private sector. (Eboh E.C, 2003).
Other constraints include inadequate public agricultural expenditure, over dependence on crude oil revenue, rural-urban migration, inadequate processing and storage facilities, smallness of farm holdings, ageing population, inadequate traditional technology, inadequate agricultural extension services, and policy inconsistency and increasing population pressure etc.
In an attempt to solve these problems of agricultural sector, the Federal and State Governments of Nigeria intervene through some agricultural policies and programmes. Notable among these policies are the operation feed the Nation (OFN), the Green Revolution (GR), Land Use Decree, Fertilizer Company of Nigeria and the National Agriculture Land Development Authority (NALDA) and the latest is the Agriculture Development Project (ADP). Meanwhile, these policies have not helped much in improving significantly the agricultural sector as the costs involved are still more than the benefits realized.
Perhaps, for the impact of public expenditure, surplus public agricultural expenditure allocation on the sector itself in Nigeria, is to be more effective, efficient workable and successful in some of these agricultural policies.
1.1 STATEMENT OF THE PROBLEM
The agricultural sector has been affected with numerous problems which has been the result of the poor performance of the sector itself.
This has attracted various strategies including expansion of public expenditure on agricultural activities. Overtime this expenditure has been on the increase without expressly translating to a corresponding expansion in agricultural output. The question that comes to mind are:
1. What is the impact of public agricultural expenditure on agricultural output in Nigeria?
2. What is the impact of public agricultural expenditure on economic growth in Nigeria?
1.3 OBJECTIVES OF THE STUDY
The overall objective of this study is to determine how public expenditure can improve agricultural output.
However, the specific objectives are as follows:
1. To determine the impact of public agricultural expenditure on agricultural output.
2. To determine the impact of public agricultural expenditure on economic growth.
1.4 HYPOTHESIS OF THE STUDY
The hypothesis tested in this study are as follows:
1. Public agricultural expenditure has no significant impact on agricultural output.
2. Public agricultural expenditure has no significant impact on economic growth.
1.5 SIGNIFICANCE OF THE STUDY
Once regarded as the mainstay of the economy and also the provider of employment, food and foreign exchange thus; adequate public agricultural expenditure on the agricultural sector is significant.
This study is intended to determine the trends of public agricultural expenditure on agricultural output in Nigeria in order to ensure food security and to reduce poverty in the economy.
This study will also show the impact of public agricultural expenditure on the economic growth of Nigeria over time. The result of the study will be of great benefit to the federal republic of Nigeria because economic growth is the vehicle of development. Development is the sustained elevation of an entire society and social activities towards a better and more human life.
The result of this study will be significant in the following ways:
1. It will help the Nigerian government and her policy makers to restore fiscal discipline in Nigeria.
2. The study will be important in debt management in Nigeria.
3. It will also have implications for formulating a workable model.
1.6 SCOPE AND LIMITATION OF THE STUDY
This study covers the period of 1990-2015, a period of twenty-five years; basically this research focuses on the trend of public agricultural expenditure and some contributions of agriculture to the economy itself (GDP).
The scope also comprises of some inherent problem facing the agricultural sector, its prospects and policy recommendation to attain a high level of productivity.
There is no end of knowledge and like( Anumudu C.N) will say; there is no failure anywhere only that people have just failed to succeed. In the bead of trying to succeed and failing to fail that this work become a success if not many factors without our ability to achieve a desired result some of which include the bottlenecks prevalent in the mobilization of data, which was a major concern to the essence of this work.
There is also lack of strong evidence in the theoretical framework of this topic that would have provided a reliable foundation for us to stem from a particularly Nigerian case. There is also the limitation of the small sample size which has its attended drawbacks.
The dearth of required statistics and limited access to literature, some journals and publications which could have been of immense help to this work were unavailable.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
1. CRITICALLY EVALUATE THE IMPACT OF ICT ON THE NIGERIAN ECONOMIC GROWTH AND DEVELOPMENT IN HEALTH SECTOR: CASE STUDY OF GIWA HOSPITAL KADUNA» INTRODUCTION Background to the Study Information and communication technology (ICT) offers the promise of fundamentally changing the lives of much of ...Continue Reading »
» CHAPTER ONE 1.0 INTRODUCTION 1.1 Background of the Study Since the breakdown of the Bretton Woods fixed exchange rate system in the early 1970s, the e...Continue Reading »
3. THE IMPACT OF THE CABOTAGE ACT ON LOCAL CAPACITY DEVELOPMENT: A STUDY OF SELECTED INDIGENOUS SHIPPING COMPANIES» ABSTRACT In 2003 the cabotage law was enacted with provisions to empower local investors to take control of the domestic shipping trade and from it de...Continue Reading »
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY In Nigeria today and the world at large, the rate of growth of tourism is proportional to the lev...Continue Reading »
5. THE PROBLEM OF GOVERNMENT BUDGETING IMPLEMENTATION IN DEVELOPING COUNTRIES (A CASE STUDY OF NIGERIA) 1986-2006» CHAPTER ONE INTRODUCTION: 1.0 BACKGROUND OF THE STUDY A Budget is commonly understood as the focus by a government of its expenditure and revenue for ...Continue Reading »
» ABSTRACT This study investigates the core leading factors that reduce savings in Nigeria between 1980 2010 using ordinary Least Square (OLS) econometr...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of Study It is generally expected that developing countries facing a scarcity of capital, will acquire domesti...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the study It is wise to assert that no country in the world can sustain itself or survive without exchangin...Continue Reading »
» ABSTRACT Small and Medium enterprises are the catalyst for economic growth in most economies thus, the fundamental objective of this study is to inves...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the study The A brief look at Nigeria today one can find out that we like fashion and everything new in Nig...Continue Reading »