Central Bank of Nigeria
Commodity Board, Food Crop Production, Food Crop Marketing, Nigeria
Nigeria has had a fairly long history of government intervention in agricultural marketing. But, for most of the time, government interest centred around the so called export or cash crops such as cocoa, groundnuts, palm produce, cotton, benniseed, soyabeans and rubber. This interest was dictated by three factors: first, the colonial government wanted an efficient system of evacuating the badly needed raw materials to factories overseas; second, the export of these crops was the main source of foreign exchange required to finance imports, and third, the output of these crops was subject to various forms of taxes which became an important source of government revenue.
CBN Economic and Financial Review
Ojo, M. O. (1979). The Role of Commodity Board in Food Crop Productions and Marketing in Nigeria. CBN Economic and Financial Review. 17(2), 21-27.