The oil sector vis-à-vis the agricultural sector - the Nigerian experience Department: Economics By: mattkings Project ID: 742 Rating: (3.4) votes: 10Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractThis study aims at evaluating the oil sector vis-a-vis the agricultural sector in Nigeria from 1981-2007. The role of agriculture in the Nigerian society has been quite significant even in the pre-colonial times. The attractiveness of the Nigerian agricultural sector to the colonialist largely formed the basis for the development of the railway system from the north to the coast through the eastern and western of the country given that there was the need to evacuate agricultural produce from the hinterland to the coasts for onward shipment to Europe as raw material to feed British industries. The agricultural sector used to be the mainstay of the Nigerian economy. It provided for the nation, generated revenue and foreign exchange earnings for the government, supplied raw materials to the industrial sector, generated employment and contributed over 50% of the Gross Domestic Product (GDP). This occurred until the 1970’s when the oil sector came in and took over from agriculture in such a way that there was a rapid decline in the agricultural sector output. Nigeria became solely dependent on the oil sector for its revenue such that policies that were formulated were usually in favor of the oil sector. This obviously has led to the neglect of the agricultural sector as all focuses are on the oil sector. This research work aims at determining the relationship between the oil sector and the agricultural sector, the impact of the oil sector and the effects of exchange rate on the agricultural sector and to find out ways to solve the problem and make some recommendations that can bring about positive change....Preview Download Preview +Other Economics project topics and materials you might be interested in»The impact of industrialization on Nigeria's economic development»The impact of minimum wage fluctuation on growth of Nigerian economy»Population growth and economic development in Nigeria (1981-2011)»The impact of population growth on the Nigerian economy (1980-2010)»The impact of petroleum subsidy on the consumption of petroleum products in Nigeria»The impact of small and medium scale industries on the economic growth of Nigeria (1986 – 2010)»The impact of industrial output on the economy of Nigeria (1980-2010)»The growth of Nigerian economy and unemployment (1980-2010)»Impact of government expenditure on Nigerian economic growth (1981 – 2010)»The effect of external debt on economic growth of Nigeria»Poverty and the Nigerian economy»An assessment on the impact of industrialization on economic growth in Nigeria»The impact of external debt on Nigeria economy (1985-2011)»Inequality and taxation in Nigeria (1980-2010)»The impact of bank lending on the growth of small and medium business in Osun State