ProjectClue.com We're Ready, Call Us

(+234) 07030248044

Project Topic:

THE IMPACT OF AGRICULTURAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   492 people found this useful

Project Department:

ECONOMICS UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

BACKGROUND OF STUDY

The term “Agriculture” 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.

Get the complete project »

Instant Share On Social Media:

OTHER SIMILAR ECONOMICS PROJECTS AND MATERIALS

IMPACT OF GOVERNMENT EXPENDITURE ON ECONOMIC GROWTH IN NIGERIA CHAPTER ONE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   2464 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study Government Expenditure no doubt is an important instrument for a government to control the economy of a nation. Economists have been well aware...Continue reading »

IMPACT OF MACROECONOMICS VARIABLES ON FIRMS’ PERFORMANCE IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 59 ::   Attributes: Secondary data, Data Analysis, Abstract  ::   1545 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study Every company operates within the internal and external environments of business. The internal environments are within a firm such that the pre...Continue reading »

IMPLICATION OF TREASURY SINGLE ACCOUNT ON BANKING SECTOR OF NIGERIA AND THE ECONOMY AS A WHOLE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3006 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Treasury Single Account is a public accounting system under which all government revenue, receipts and income and collected into one single acco...Continue reading »

TAXATION AS A TOOL FOR ECONOMIC DEVELOPMENT OF NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1386 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigeria as a nation has the vision of becoming one among the world’s 20 largest economies in the year 2020; this obviously is the brain beh...Continue reading »

THE IMPACT OF COMPANY INCOME TAX REVENUE ON THE DEVELOPING ECONOMIES: THE NIGERIA EXPERIENCE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   735 engagements

The article on this topic (impact of company income tax revenue on the developing economies) is an extract from literature review of the project material. The complete project work would be made avail...Continue reading »

THE IMPACT OF TAX ON GOVERNMENT CAPITAL EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 65 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   1182 engagements

The article on this topic (impact of tax on government capital expenditure and economic growth in Nigeria) is an extract from literature review of the project material. The complete project work would...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Taleeb from Kwara state polytechnic said "I like all topics on this website but anytime i wrote topic to my project supervisor he used to ask where is the case study and case study is not written there . thanks ................".
    Rating: Very Good
  • 2. Donald from ui said "i thank you guys for the good work...i never believe that there are still some Nigerians that are trustworthy until i stumbled upon projectclue. excellent job. great write up. weldone Glory keep up the good job. nice voice.,...i will always recommend projectclue to any Nigerian researchers...God bless.".
    Rating: Very Good
  • 3. Abdoulrasheed Tapheeda from Taraba State University,Jalingo said "The Project Clue owe me a Tribute Respect, because of the nature of their work and delivery system. I recommend this site for any undergraduate due to the quality and fast delivery system of their work. Thanks".
    Rating: Excellent
  • 4. Sam Seyil from Federal Uni Agric. Markudi said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 5. Eval, Effa A. from University of Calabar (Unical) said "It was a wonderful experience using projectClue, it really helped me in carrying out a Term paper research NGP.".
    Rating: Good
  • 6. Abimbola Bisola from Obafemi Awolowo University said "Thanks a million times for giving me a quality research project. not only have i defended i was commended by my supervisor. You guys are the best; Project clue".
    Rating: Very Good

Leave a comment: