Nigeria’s agriculture management adrift - in theory

TLDR: In this article, the authors focus on the departure from targets as drift and opines that the agricultural sector has been continually drifting from the mission that would see it become modern, with more value added outputs and one that would offer support to other sectors of the economy.

Abstract: Nigeria’s economy has been marked by many prominent and potential drivers, but the agricultural industry remains outstanding as a major industry with immense potential yet to translate into results. The country is in the middle of implementing Vision 2020 which has huge demands on the sector. The vision requires the sector to grow at a sustainable rate that will ensure continued profitability. However, the management of the industry over the past regimes has continually departed from the set goals due to a number of reasons and forces. This paper focuses on the departure from targets as drift and opines that the agricultural sector has been continually drifting from the mission that would see it become modern, with more value added outputs and one that would offer support to other sectors of the economy. It develops the Macroeconomic model on an input-output framework combining the agricultural sector historical and polemical analysis promoting the labour market and product market interactions in a considerable and empirical manner. Moreover, the model’s illustration entails linking with agricultural simulation model which facilitates the evaluation of alternative policies in Nigeria’s agricultural sector presenting an agricultural policy picture from 1970 to 2014. In addition, the model can potentially be used with various informal and formal analysis techniques to better establish the drift in Nigeria’s Vision 2020 with regard to the agricultural policy makers and implementers.