Nigeria Ecoinfo Blog

  Our last post focused on measuring the performance of the agriculture sector in Nigeria . T his article series will fall-short of achieving its main objective of appraising the contributory role of the selected livestock sub-sectors to sustainable economic development in Nigeria if it fails to analyze the role of individual sub-sector separately. We are therefore, going to be discussing extensively in this post and series of articles that shall follow the individual role of the four livestock sub-sectors starting with the fishery sub-sector then poultry, piggery and finally cattle production sub-sector contributory role in sustaining Nigeria economy. The system of production, challenges and possible solutions to addressing these challenges for increase productivity in the sub-sectors will also be discussed. Fish culture system in Nigeria can be broadly classified into two stages; these include the hatchery stage and the pond stage. The hatchery stage is the stage where f

Simon Kuznets and other pioneers in the field of National Accounting never perceived that Gross National Products possibly will or have onus to serve as a measure of economic development or social welfare. Yet real per capita Gross Domestic Products is frequently used as a measure of relative living standards. It is in line with the above that we shall be taking out time to discuss the relationship between Economic Development, Measure of Economic Welfare (MEW) and Gross Domestic Product (GDP) before finally proceeding to reviewing the performance of the agricultural sector in Nigeria in this article. Gross Domestic Product (GDP) can be defined as the total monetary value of goods and services produced in a country measured for a specified period time (usually annually). A noted attempt at testing whether Gross Domestic Products adequately serves as a comprehensive indicator of general well-being was the Measure of Economic Welfare (MEW) developed and concluded in early

In my last blog post we discussed the back ground and the rationale behind the economic diversification quest of Nigeria as the result of the uncontrollable and incessant fall of the crude oil at the international market, other reason include the fall in the value of Naira resulting from several factors ranging from high level of importation to monoculture economy structure. In this post we shall be focusing on discussing reviewing important concepts, theoretical and empirical literatures relating to the series of blog post that have been made and will be made subsequently. We shall particularly be discussing Sustainable Economic Development, Sustainable Agriculture and Sustainable Economic Development. To have full comprehension of the concept of sustainable economic development, it will be imperative to first define, distinguish and understand what economic development is in relation to economic growth because the two concepts are often erroneously used interch

The economic standpoint of Nigeria, Africa’s largest economy appears gloomy as the result of the current record fall in international oil prices since 2004 with little or no indication of a rapid bounce back in the nearest future. The present unpalatable economic circumstance Nigeria economy finds itself now need urgent and real economic diversification policy strategies.   The real economic problem in Nigeria is not declining oil prices (superficially, it may seem so), the real issue is that, high oil prices have always covered and contributed to the main problem now bringing the country to the verge of economic collapse. As we may recall, Nigerian economy have enjoyed several economic prosperity resulting from oil booms in the 1970s, 1980s and even recently in 2014 when bent crude was sold for USD 110 per barrel. The current oil price slump is not an entirely new experience to Nigeria as the country has been through similar situation in the past. In 2008, oil prices