Government Intervention and Economic Development: Lessons from Songhai Development Initiative Farm in Rivers State, Nigeria

Ugochukwu Henry Agbarakwe and Oluchukwu F Anowor
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Ugochukwu Henry Agbarakwe: Department of Economics, University of Port Harcourt, Nigeria
Oluchukwu F Anowor: Department of Economics, Godfrey Okoye University, Enugu, Nigeria

International Journal of Economics and Financial Research, 2018, vol. 4, issue 1, 13-21

Abstract: This study sets to assess the effect of government intervention on economic development adopting Songhai Development Initiative Farm in Rivers State of Nigeria as a case study. It adopted the survey design with the instruments of personal observations, interviews and questionnaires to collect the required data. The data has internal consistency of 0.87, test-retest reliability of 0.85 (p 21.026) in absolute term, the study concludes that there is a significant relationship between Songhai Development Initiative Farm and the economic development. It, therefore, recommended that such and similar government direct involvements in the agricultural and other sectors should be encouraged for optimum benefits in output, job creation, income, social welfare and technological advancement.

Keywords: Government intervention; Economic development; Classical apologists; Keynesians; Songhai development initiative; Farming. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2018:p:13-21

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