Agriculture and Poverty Reduction in Nigeria; A Review
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 2
Abstract
A strong agricultural sector provides food for the country‟s increasing population, employment opportunities; generate foreign exchange and raw material to industries. This paper reviewed the role of agriculture towards poverty reduction in Nigeria. The aim of this paper is to assess the importance of agriculture to alleviation in Nigeria. The Nigerian agricultural sector has been an important sector in the economy both in the past and present because it provides employment opportunities, eradicates poverty and contribute to the growth of the economy. It was revealed from the review that more than 70% of Nigerians were poor in the year 2001 and more than 60% in 2010. The review showed that more than 60% of Nigerians were employed in agricultural sector. Improving agriculture will help to create jobs which will lead to poverty reduction. A unit change in agricultural output will cause 34.4% change in GDP. The Nigerian capital expenditure on agriculture has been declining which reduces the effectiveness of increase in agricultural output to the reduction of poverty. It was revealed that the incidence of poverty increased from 54% in 2009 to 69% in 2012. The review concluded that, agriculture is very significant in poverty reduction via income generation and job creation. It was recommended by the paper that Government should improve agricultural productivity, increase agricultural capital expenditure and improve marketing activities for agricultural output.
Authors and Affiliations
Jamal, Abdul-Majid Abubakar, Sani, Saddiq Abubakar, Muhammad Sanusi Ibrahim, Abdulwahab Kolo
Keywords
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