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Bullion

Keywords

Agriculture, Nigerian economy, National income, Inflation, Employment, Raw materials

Abstract

Agriculture was the mainstay of the Nigerian economy before the so-called oil boom which has brought about a rapid decline in agricultural production, virtual stagnation in the rural economy, marked movement of population from the rural to urban centres and high cost of food items. The article examines some recent developments in the agricultural sector of the Nigerian economy. It also discusses some of the role of Central Bank of Nigeria in promoting agriculture through adequate funding.

Author Bio

Alhaji otiti A. O. G. was an executive director at the Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

3

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