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 Periodical article |
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| Title: | Inter-sectoral perspective plans: agriculture and industry in Nigeria |
| Author: | Ojowu, Ode |
| Year: | 1989 |
| Periodical: | The Nigerian Journal of Economic and Social Studies |
| Volume: | 31 |
| Issue: | 1-3 |
| Pages: | 186-205 |
| Language: | English |
| Geographic term: | Nigeria |
| Subjects: | economic planning engineering agriculture |
| Abstract: | This paper highlights the causal connection between agriculture and industry and the strategies for planning mutually beneficial intersectoral resource flows between them. The author first provides a theoretical background to the discussion of intersectoral resource flows between agriculture and industry. He then discusses the Nigerian experience, which is essentially the story of how the marketing boards, through the development corporations, funded manufacturing enterprises with revenue expropriated from the agricultural export subsector between 1945 and the mid-1960s. Economic policy since independence has perpetuated the earlier colonial policy of economic sectorization at the expense of economic integration. Modern manufacturing plants in Nigeria are directly linked to and derive their input from foreign industries. Agricultural exports are perpetually at a disadvantage in their relationship with foreign industries through manipulated terms of trade. The sector is thus drained of its domestic vitality. Its dwindling foreign-exchange earning capacity, in turn, creates a domestic crisis in the manufacturing sector. A concrete perspective plan, designed to change rather than adjust Nigeria's present unviable economic structure, must seek the reintegration of agriculture and domestic industry through conscious and coordinated intervention. Bibliogr. |