Document Type

Occasional Paper

Publication Title

An Assessment of the Operations of the Presidential Initiatives on Agriculture in Nigeria: 2001-2007

Abstract

This paper attempts to assess the Operations of the Presidential Initiatives on Agriculture in Nigeria: 2001-2007 necessitated due to a decline in the performance of the agricultural sector during the oil boom. Particular attention is given to four major programmes i.e. vegetable oils, rice, cassava and tropical fruits which appraise the milestones that have been covered, vis-a-vis the objectives and targets set for each initiative. Adopting the survey method, the primary and secondary data sources were used. Findings from the study revealed that the Vegetable Oil Development Programme (VODEP) made significant progress with an increase in total vegetable oil production from 1.3 million tonnes in 2000 to 3.5 million tonnes in 2007. Also, there was a significant increase in Rice Production and Export annual production from 3.3 million tonnes of milled rice in 2000 to 4.2 million tonnes in 2006, and 4.8 million tonnes in 2007. Besides, cassava Production and Export Program increased from 31.7 million tonnes in 2003 to about 49.0 million tonnes in 2006. However, funding was a major constraint. The study recommended among others that the Bank could advise the government to fund the programmes through raising of long-term bonds, as budgetary provisions are inadequate.

First Page

1

Last Page

38

Publication Date

6-2011

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