Central Bank of Nigeria
Agriculture, Agricultural Sector, Economy, Nigeria
This paper reviews the major policy measures Introduced by the government to Induce growth of output of the agricultural sector and accelerate Its development. Some measures adopted before the Introduction of the Structural Adjustment Programme (SAP} Included producer prices selling through Marketing Boards, establishment of financial Institutions and Funds to extend credit to the sector at concessionary Interest rates, and the provision of extension services by ministries of agriculture. Agricultural policy measures under SAP consisted, among others, of abolition of Commodity Boards, free market determination of agricultural product prices, a ban on the export and Import of selected agricultural products and reduction of Input subsidies.
Preliminary draft of this paper was presented at the Nigerian Economic Society's Seminar in Lagos in December 1992.
CBN Economic and Financial Review
Ukpong, G. E. (1993). Some Strategies for Development of Nigeria's Agricultural Sector in the 1990s. CBN Economic and Financial Review. 31(2), 86-109.