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Showing posts from July, 2016

The Role of Fishery Sub-Sector to Sustainable Economic Development in Nigeria

  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

Measuring the Performance of the Agriculture Sector in Nigeria

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