Agricultural Development and Political Economy: A Review of the Nigerian Experience
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 1
Abstract
It is no more a gain saying that ‘there cannot be any meaningful agricultural growth and development in any country without linking it to the roles and activities of the political rulers and leadership paddling the wheel of the economy. Governance has been described as the exercise of political power in the management of human affairs, and the material resources at federal, state and local government level. Thus, economic foundation of a country largely determines by its political structure. However, with the hugely endowed human and material resources of the Nigerian state, all these have not been harnessed to improve the material well being of her citizenry mainly due to stagnation or decline in the attention given to agricultural sector by the administration (government) in power as a result of oil boom of 1970s. It is thus pertinent to analytically examine the agricultural development and political economy of Nigeria with a view to providing recommendation(s) that will aid the policy making process of the policy makers in Nigeria and indeed the sub-Saharan Africa. This study reviews the concept of political economy, governance, forms of governance and economic policy, theoretical foundation of government policies, a number of policy measures and programmes aimed at revamping agriculture The study therefore concluded that though, there have been a number of institutional framework that have been put in place by past and present government in Nigeria, but the problem of political instability, lack of continuity in government policies and programmes, non-implementation of programmes, improper planning, corruption, non adherence to corporate governance, lack of transparency have been the bane of agricultural development and political economy in Nigeria. The study therefore recommends that, unless there is an attitudinal change among our political leaders who champion the political and economic affairs of this country, the expected growth and development envisaged in Nigerian’s agricultural sector and the economy at large will be a mirage. Keywords: Agricultural Development, Political Economy, Agricultural Transformation Agenda, Corruption, Gross Domestic Product.
Authors and Affiliations
Kareem R. O
Keywords
Related Articles
- EP ID EP385540
- DOI -
- Views 74
- Downloads 0
Six Sigma Applications in Recruitment Process
Globalization has become the buzz word that is changing the lives of people throughout the world and in order to survive in this competitive era, organizations are trying hard to work upon their strategies so that they c...
The Impact of Working Capital Management on Firms’ Profitability: Evidence from Nigeria
The purpose of this paper is to investigate the impact of working capital management on firms’ profitability in Nigeria. This research has been performed using a sample of 100 companies listed on the Nigeria Stock Exchan...
Impacts of Sovereign Credit Rating on European Stock Markets during European Debt Crisis
Sovereign credit rating not only affects the stock markets of rated countries, but also has spillover effects across countries and markets and in a highly integrated economic entity, spillover effects are more significan...
Women and Educational Management: Perceptions of teachers in primary education
Abstract: Despite the legal equality of the sexes, the mass exodus of women in the workplace, the large numerical presence in education and the high rates of women who seek their expertise through university studies, the...
The Impact of Oil Pollution on Socio-Economic Life in Udu Local Government Area in Delta State
The study examined the impact of oil pollution on socio-economic life in Udu Local Government Area of Delta State, with the aim of assessing the effects of oil pollution on socio-economic life of the inhabitants of Udu A...