Nigeria [in Strategies and priorities for African agriculture]

Nigeria, whose export earnings are heavily oil dependent, has experienced rapid economic growth in recent years. In 1990–99 the economy grew at 2.6–3.0 percent annually, whereas the annual gross domestic product (GDP) growth rate rose to 7.3 percent during 2000–07 (Nigeria, NBS 2007a). Notably, the...

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Main Authors: Diao, Xinshen, Nwafor, Manson, Alpuerto, Vida, Akramov, Kamiljon T., Rhoe, Valerie, Salau, Sheu
Format: Book Chapter
Language:Inglés
Published: International Food Policy Research Institute 2012
Subjects:
Online Access:https://hdl.handle.net/10568/153964
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author Diao, Xinshen
Nwafor, Manson
Alpuerto, Vida
Akramov, Kamiljon T.
Rhoe, Valerie
Salau, Sheu
author_browse Akramov, Kamiljon T.
Alpuerto, Vida
Diao, Xinshen
Nwafor, Manson
Rhoe, Valerie
Salau, Sheu
author_facet Diao, Xinshen
Nwafor, Manson
Alpuerto, Vida
Akramov, Kamiljon T.
Rhoe, Valerie
Salau, Sheu
author_sort Diao, Xinshen
collection Repository of Agricultural Research Outputs (CGSpace)
description Nigeria, whose export earnings are heavily oil dependent, has experienced rapid economic growth in recent years. In 1990–99 the economy grew at 2.6–3.0 percent annually, whereas the annual gross domestic product (GDP) growth rate rose to 7.3 percent during 2000–07 (Nigeria, NBS 2007a). Notably, the agricultural sector has been the key driver of the economy, growing at 6.3 percent and contributing 42 percent to the country’s total GDP in 2008. Hence, despite the high dependence of government revenues and national export earnings on the oil sector, the agricultural sector remains the country’s mainstay (Sanyal and Babu 2010). Furthermore, because agriculture is the largest employer among all sectors (70 percent of the labor force) (Nigeria, NBS 2006) and labor is the main (and sometimes only) asset for the poor (Agenor Izquierdo, and Fofack 2003), the agricultural sector has the greatest potential for reducing poverty.
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spelling CGSpace1539642025-11-06T04:16:12Z Nigeria [in Strategies and priorities for African agriculture] Diao, Xinshen Nwafor, Manson Alpuerto, Vida Akramov, Kamiljon T. Rhoe, Valerie Salau, Sheu economic growth agriculture agricultural sector farming poverty livestock rural development public investment agricultural growth public expenditure Nigeria, whose export earnings are heavily oil dependent, has experienced rapid economic growth in recent years. In 1990–99 the economy grew at 2.6–3.0 percent annually, whereas the annual gross domestic product (GDP) growth rate rose to 7.3 percent during 2000–07 (Nigeria, NBS 2007a). Notably, the agricultural sector has been the key driver of the economy, growing at 6.3 percent and contributing 42 percent to the country’s total GDP in 2008. Hence, despite the high dependence of government revenues and national export earnings on the oil sector, the agricultural sector remains the country’s mainstay (Sanyal and Babu 2010). Furthermore, because agriculture is the largest employer among all sectors (70 percent of the labor force) (Nigeria, NBS 2006) and labor is the main (and sometimes only) asset for the poor (Agenor Izquierdo, and Fofack 2003), the agricultural sector has the greatest potential for reducing poverty. 2012 2024-10-01T13:58:39Z 2024-10-01T13:58:39Z Book Chapter https://hdl.handle.net/10568/153964 en Open Access application/pdf International Food Policy Research Institute Diao, Xinshen; Nwafor, Manson; Alpuerto, Vida; Akramov, Kamiljon T.; Rhoe, Valerie; Salau, Sheu 2012. Nigeria. In Strategies and priorities for African agriculture: Economywide perspectives from country studies, ed. Xinshen Diao, James Thurlow, Samuel Benin, and Shenggen Fan. Chapter 8. Pg. 211-244. https://hdl.handle.net/10568/153964
spellingShingle economic growth
agriculture
agricultural sector
farming
poverty
livestock
rural development
public investment
agricultural growth
public expenditure
Diao, Xinshen
Nwafor, Manson
Alpuerto, Vida
Akramov, Kamiljon T.
Rhoe, Valerie
Salau, Sheu
Nigeria [in Strategies and priorities for African agriculture]
title Nigeria [in Strategies and priorities for African agriculture]
title_full Nigeria [in Strategies and priorities for African agriculture]
title_fullStr Nigeria [in Strategies and priorities for African agriculture]
title_full_unstemmed Nigeria [in Strategies and priorities for African agriculture]
title_short Nigeria [in Strategies and priorities for African agriculture]
title_sort nigeria in strategies and priorities for african agriculture
topic economic growth
agriculture
agricultural sector
farming
poverty
livestock
rural development
public investment
agricultural growth
public expenditure
url https://hdl.handle.net/10568/153964
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