What are the contribution of agriculture to industrial development in Nigeria?

What are the contribution of agriculture to industrial development in Nigeria?

2.1 Nigeria’s agriculture sector Agriculture contributes 40% of the Gross Domestic Product (GDP) and employs about 70% of the working population in Nigeria (CIA, 2012). Agriculture is also the largest economic activity in the rural area where almost 50% of the population lives.

What is the goal of the national development plan?

The strategic goal of the NDP is education and knowledge for the growth and technological excellence of the national economy. The priorities of the NDP are: an educated and creative individual; technological excellence and flexibility of the entreprises; and development of science and research.

How many development plans did Nigeria have between 1960 and 1947?

Abstract:-Since gaining independence in 1960, Nigeria had explored four 5-year development plans, one structural adjustment programme, two 3-year rolling plans, four visions and strategies including the recently lunched Economic Recovery and Growth Plan (ERGP).

What are the contributions of industrialization to economic development?

Industrialization, which the industrial revolution has placed at the heart of structural changes, has consistently raised the levels of production and employment, which has led to unprecedented income growth. So promoting the development of the industrial sector can be a key to achieving sustainable development.

What contribution does Lagos make to the Nigerian economy?

Lagos makes a significant contribution to the Nigerian economy. It contributes 30% to Nigeria’s GDP. This is remarkable considering Lagos is home to only 10% of the population of Nigeria. The majority of Nigeria’s manufacturing is based in Lagos as well as many service industries such as finance.

What is the contribution of agriculture in the promotion of national development?

Higher agricultural valued added per worker implies that more income is generated from agriculture which contributes to lower levels of poverty in rural areas. Lower poverty rates in rural territories is also associated with more production and income diversification and with more market oriented economies (D.

What is the contribution of agriculture in national economy?

Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population. Indian agriculture has registered impressive growth over last few decades.

What is the importance of national development?

It enables people to able to understand various issues and become aware and active members in the society. It is obtained through various sources such as books, media and any other relevant source of information. Information is importance to national development as if promotes: Growth and development.

What economic benefit will the implementation of the national development plan have on the economy of South Africa?

The NDP aims to eliminate poverty and reduce inequality by 2030. According to the plan, South Africa can realise these goals by drawing on the energies of its people, growing an inclusive economy, building capabilities, enhancing the capacity of the state, and promoting leadership and partnerships throughout society.

How many national development plans did Nigeria have between 1960 and 1984?

four
Abstract. Since gaining independence in 1960, Nigeria had explored four 5-year development plans, one structural adjustment programme, two 3-year rolling plans, four visions and strategies including the recently lunched Economic Recovery and Growth Plan (ERGP).

Why is development planning important?

Planning encourages the development of “what-if” scenarios, where managers attempt to envision possible risk factors and develop contingency plans to deal with them. The pace of change in business is rapid, and organizations must be able to rapidly adjust their strategies to these changing conditions.

What was the first development plan in Nigeria?

Nigeria has had a relatively long experience in development planning beginning with the Colonial Development Plan (1958-68). Medium-term development plans and national rolling plans were also developed and implemented with mixed results.

What was the third national Rolling Plan in Nigeria?

The Third National Rolling Plan which lasted till 1998 and prioritized employment generation. Following an end to the military rule which the country had experienced, the maiden development plan introduced by the new administration involved the implementation of a four-year medium-term plan document.

What happens to a country’s development plan?

When the different tiers of government, namely, the federal, state, and local governments become involved in conflicts with each other relating to planning objectives and are unable to reach a suitable resolution, the development plan suffers as does the country it is meant for. 3.

When was the first national Rolling Plan in India?

The First National Rolling Plan which lasted throughout 1990 – 1992. A key feature of this plan was a deliberate attempt to strengthen the programmes being implemented by the National Directorate of Employment.