Economic Development In Nigeria Case Study

Decent Essays
At People First, we believe that our objective will greatly increase the economic growth and decrease rural poverty and hunger in Nigeria. So thus, decreasing the gap of economic and social inequality between the urban and rural population in exchange for the decrease in the percentage of Nigerians who live below the poverty line. At People First, we believe that our objective will develop Nigeria into an agricultural powerhouse in Africa becoming self-sufficient in production, but also increasing in exporting products to neighboring countries and decreasing in imports. At People First, we believe that with our new modernized system will turn agriculture in Nigeria into the new “oil well”.

Component 2 : Infrastructure Objective: At People
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The data shows that the economy has been growing on average 6 percent annually for the last five years, but more than 50 percent of the population has no access to electricity( U.S Energy Information Administration, 2011). Weak infrastructure exerts a huge burden on foreign and local business. It’s hard to imagine what would happen in terms of economic growth especially in agriculture part when there’s not enough infrastructure to do the power supply. The second activity can be the implement irrigational systems or water management systems. Most irrigation schemes in Nigeria are developed and managed by either the state or federal government and the government owns the water impounding and distribution structures. What’s more, the government does not only operate and maintain these schemes but provides the agro-support service such as land preparation, seeds , fertilizers and chemicals to farmers. The more the involvement and participation of water users in system management, the cheaper and the more effective the operations and maintenance of irrigation schemes. Therefore, if the government can increase the efficiency of the irrigation system and lower the cost, the farmers will benefit more. The third activity is to increase education for farmers in rural areas. Like above mentioned, farmers virtually have no roles to play except to divert …show more content…
But farmers in Nigeria may refuse to adopt newer technology because of the additional cost.And infrastructure construction also consumes a lot of money and time for both government and farmers so that the farmers would use low-efficiency methods to do the jobs instead of the newer technology. Training and educating farmers can also be a difficult task because they have very little foundation about new

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