Nigeria Ecoinfo Blog

In my last weblog post , we discussed the rationale behind the quest of developing countries, Nigeria inclusive, to attain sustainable economic development through economic development planning driven through industrial and agriculture policies and programmes. Specifically, industrial economic development policies in Nigeria were discussed in the last post. We shall be dwelling more on agriculture development policies put in place in the various economic development plans in the country. We shall consequently be concluding by advancing reasons why these plans had not achieved their objective of economic diversification and sustainable development in Nigeria. Nigeria’s perception of the place and role of agriculture in national development changed considerably over time. Different strategies adopted by the country shows dynamism and changing strategies that overlaps and cannot be appropriately isolated into specific time period. Often it was a combination of

The quest for sustainable economic development in most countries characterized as Less Developed Countries (LDCs), Nigeria inclusive has occupied the front burner in most national discourses. Successive governments in Nigeria have indicated desire to transform the country’s economy in terms of provision of infrastructure, human capacity development and even in the realm of social cum political development. In this wise, Nigeria has experimented with several development plans from pre-independence era till date, yet the needed transformation has continued to elude its citizenry in spite of the robust plans. Recently, attentions have shifted to the attainment of sustainable economic development goals through economic diversification strategy. This current development is partially due to the incessant fluctuation in trends of economic growth and development witnessed monoculture Nigeria economy. Nigeria is one among many countries like Brazil, Maylasia, China etc th

The problems of Nigeria economic underdevelopment are in fact the characteristics and causes of underdevelopment of the country. There have been several reported factors militating against the rapid realization of sustainable economicdevelopment objective in the country . In this blog post, we shall be focusing on some specific problems of economic underdevelopment characterizing and causing continuous economic underdevelopment of Nigeria. These are succinctly enumerated below. Inequality of Opportunities: This is one of the main problems peculiar to Nigeria causing economic underdevelopment in the country. It is not necessarily true that most underdeveloped countries like Nigeria are not growing or developing economically, the development in most cases lack generalinclusiveness of the poor masses which consequently leads to dualistic economy of the haves and the have-nots, concentration of productive resources and income on the hands of the few privileged rich at t