Strategies For Revitalizing The Export Crop Sub-Sector Of The Nigerian Agricultural Economy
| dc.creator | Evbuomwan, Grace O. | |
| dc.date | 1996 | |
| dc.date.accessioned | 2025-04-01T14:51:37Z | |
| dc.description | In the 1970s, the focus of the economy clu~nged from export crops to crude oil export in Nigeria. About a decade later, oil prices collapsed worldwide ·. cmd Nigeria j eali?.ed thai ij.s economy had become a monopr.oduct one, with the attimddnt vulnerability to price fluctuation on world markets. The country was also import &pendant for large sectors of the economy. Government det!!i"lfiintd to carry out reforms by means of a structural {ujjustmerit programme (SAP). SAP's aim was to restructure and diversifY ·the, pr¢uctive base of. the economy, i.e., tO reduce depentience on oilaiul' imports, whfle promoting_ non oil exports. The ' export sub-sector of the agricultural sector was tO be .revitalized This has jailed and in the 1990s, the agricultural sub-sector contribution to total exports was less _than 4 per cent, crude oil being 90-per cent. · this paper anafyses some :' percetved constraints to· sub-sector growth and offers solutions to them. An econometric approach establishes the causal relationship between SAP and agricultural export crop production. The res~ts of the analysis show that policy measures · are required tO ensUre a realistic exchange raJ~{.'increased credit to the sectOr. ·aiu:l· reJuced prices for farm inputs. ·"A'fl' enabling· environment should be created, including political stability and the provision of basic . infrastructures. Jndenttves, e.g.~ accessible credit schemes, should' be coupled with the removal of .disincenttves, e.g., cumbersome export procedures and excesstve expQrt levies. | |
| dc.format | application/pdf | |
| dc.identifier | http://eprints.covenantuniversity.edu.ng/10227/ | |
| dc.identifier.uri | https://repository.covenantuniversity.edu.ng/handle/123456789/39582 | |
| dc.language | en | |
| dc.subject | H Social Sciences (General), HG Finance | |
| dc.title | Strategies For Revitalizing The Export Crop Sub-Sector Of The Nigerian Agricultural Economy | |
| dc.type | Conference or Workshop Item |
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