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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The impact of the structural adjustment programme on Nigerian agriculture
Authors:Ukpong, I.I.ISNI
Iniodu, Peter U.ISNI
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Subjects:economic policy
Abstract:The major objectives of Nigeria's 1986 structural adjustment programme (SAP) for the agricultural sector are to achieve a sustained increase in domestic food and local raw materials production in order substantially to reduce the degree of dependence on foreign supplies; to achieve a sustained increase in the production of exportable cash crops in order to diversify the economy's export base; and to increase the level of rural employment and income. Measures that have been adopted to achieve these objectives include the reduction of government involvement in direct agricultural production and the privatization of most governmental agricultural and agro-allied enterprises, the abolition of commodity boards, the establishment of the Directorate for Food, Roads and Rural Infrastructures for rural development activities, and the introduction of a new exchange rate policy. Their combined effects include an increase in agricultural output and exports, higher commodity prices and higher incomes for farmers, a reduction in the level and value of imports and diversification of Nigeria's export base. Amongst the adverse effects of the SAP are inflationary pressures on the economy as a whole, domestic unemployment and capacity underutilization. Bibliogr., sum.