• The Agricultural Sector As The Key To The Diversification Of The Nigerian Economy For Sustanable Development

  • CHAPTER ONE -- [Total Page(s) 6]

    Page 2 of 6

    Previous   1 2 3 4 5 6    Next
    • The colonial government recognized the potential of the agricultural sector to improve the Nigerian economy and therefore put in place policies aimed at increasing output and to extract surpluses in the sector. The main focus of development in this period was the surplus extraction philosophy or policy whereby immense products were generated from the rural areas to satisfy the demand for raw materials in metropolitan Britain (Ayoola, 2001). This early interest of the extractive policy was on forest resources and agricultural exports like cocoa, coffee, rubber, groundnuts, oil palm, and cotton. The capitalist agricultural policies of Nigeria since 1900 have remained basically intact. No efforts have been made to fundamentally change them. The nature of these agricultural policies and their impacts led to Nigeria’s agricultural disorientation and the food crisis (Akor, 2009).
      Meanwhile, most of these policies were made without proper institutional arrangement, programs, specific projects, strategies, goals or targets and specific objectives geared towards the realization of these dreams of the policies. This can be proved by the fact that there was only one documented agriculture scheme that evolved towards the end of the era (early 1960s) called the farm settlement scheme (Iwuchukwu & Igbokwe, 2012). The imperialistic theoretical framework of the notions of development and modernization have decisively influenced the Nigerian agricultural policies since the colonial era. The rate and direction of Nigeria’s agricultural development were therefore, determined by the British colonialist and taken over by the neo-colonial Nigerian ruling classes since 1960 (Akor, 2009).
      The Nigeria’s agricultural development was fully de-centralized with the regions and states carrying out all activities while support was provided by the federal government and this enabled a state/region specific approach. This approach involved the combined efforts of small scale farmers/the private sector and the government. This approach was very successful during the period and thus with agriculture remaining the mainstay of the Nigerian economy; providing employment, raw materials for industries, the main source of foreign exchange earnings and also sustaining the food security status of the populace. The appropriation and utilization of Nigeria’s economic surplus by the colonial and neo colonial imperialist powers is central to the analysis of the structural distortions in the agricultural sector and Nigeria’s food crisis. The central point in the imperialist relationship was the transfer of economic surplus to strengthen the capitalist class and the capitalist mode of production in Europe and North America (Akor, 2009).
      However, with the onset of the 1970’s, there was a national neglect of this sector due to oil boom which practically led to a decline in the sector (Abimiku, 2009). Despite the drastic decline, no matter how much development and structural transformation will be achieved in Nigeria, agriculture will continue to retain its relative dominance in the economy for many decades to come. More importantly, it is from agriculture and in particular from agricultural exports that the country received its principal stimulus for economic growth in 1950s and 1960s. It will remain a key factor in Nigeria’s economic development as the largest employer of labour (about 72% of the labour force in 1970-1971), the principal source of food and raw materials for the population and industries and a significant though relatively declining earner of foreign exchange. The acceleration of agricultural growth is therefore crucial for the country’s future progress (Akor, 2009).
                  In the 1970’s, the policy instrument that was introduced by government included a series of development plans at the national level. The Structural Adjustment Program (SAP) in 1986 came up after this and efforts were made at making the agricultural sector commercially competitive and remunerative and also tried to redress Nigeria’s defective mono-economic imbalance by diverse diversifying programs in order to reduce dependence on the oil sector and also on imports. This policy package focused on a rapid improvement of domestic food production, the domestic supply of agricultural raw materials, the production of exportable cash crops and also rural employment. The client status of Nigeria in the international capitalist system is the fundamental structural basis for imposing the abuses of underdevelopment on the country (Akor, 2009).

  • CHAPTER ONE -- [Total Page(s) 6]

    Page 2 of 6

    Previous   1 2 3 4 5 6    Next