Nigeria: Policy Dilemmas

Roger D. Norton ()
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Roger D. Norton: Texas A&M University

Chapter Chapter 7 in Structural Inequality, 2022, pp 219-254 from Springer

Abstract: Abstract Life is exuberant and chaotic in Lagos. A mathematical model of Nigerian agriculture is needed to explore policies for arresting the sector’s decline and reducing rural–urban inequality. Colleagues in Nigeria’s Central Bank provide insights into the model’s structure. In Kaduna, talks with Nigerian bankers reinforce reports that agriculture is unprofitable. Reasons why a giant rural development project is not sustainable are explored. Throughout the countryside, the crisis in Nigerian agriculture was a constant refrain. Crop prices were extremely low by Nigeria’s historical standards. Exports of cotton, peanuts copra, palm oil, cocoa, and rubber collapsed.

Keywords: Nigerian kingdoms; Lagos’ chaos; Central Bank of Nigeria; Oil boom; International agency project; Agricultural model; Lagos experiences; Central Bank of Nigeria; Rural-urban inequality; Agricultural competitiveness; Marketing boards; Vegetable markets; Ancient Nigerian empires; Nigerian art; International Institute of Tropical Agriculture; Project implementation issues; Ilorin; Harmattan; Chopin piano; Herder-farmer conflicts; Types of land rights; Farm survey; Rural-urban divide; Kaduna; Integrated rural development; Farmer risk aversion; Crop diversification; processing survey data; Project sustainability; Fertilization effects; Soil testing; Intercropping practices; Rural poverty; Agricultural prices; Falling agricultural exports; Cotton marketing board; Southeast Nigeria; Oil conflicts; Oil palm; Copra; Rubber; Cocoa; Agricultural competitiveness; Exchange rate; Overvalued currency; Balance of payments; Exchange rate policy; Oil exports and economy; Institutional weakness; Corruption; Labor costs; Rural-urban migration; Rural poverty; Rule of law; Institutional strength; Government revenues; Exchange rate policy; Rural-urban inequality; Dutch disease; Sovereign wealth fund; Corruption; Organized crime; Young voters; Climate change (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-08633-5_7

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DOI: 10.1007/978-3-031-08633-5_7

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