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    Options for Agricultural Growth for Poverty Reduction in Nigeria

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    Date
    2009
    Author
    Diao, X.
    Nwafor, M.
    Alpuerto, V.
    Type
    Book
    Metadata
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    Abstract/Description
    This study analyzes growth options in agricultural sub-sectors to accelerate overall economic growth and reduce poverty in Nigeria in the next nine years (2009-17) using an economy-wide, dynamic computable general equilibrium (DCGE) model. The model results show that if the individual agricultural subsectors' growth targets set by the Nigerian government can be achieved, the country will have 9.5 percent of agricultural annual growth and 8.0 percent of GDP growth in the next 10 years. The national poverty rate will fall to 30.8 percent by 2017, more than halving 1996's poverty rate of 65.6 percent, thereby accomplishing the objective for MDG1. The report emphasizes that in designing an agricultural strategy and in prioritizing growth, it is important to consider the following four factors at the subsector level: (i) the size of a subsector in the economy, (ii) growth multiplier effect through linkages of a subsector with the rest of the economy, (iii) poverty reduction - growth elasticity effect through growth primarily led by a subsector, and (iv) market opportunities and price effect for individual agricultural products.
    Permanent link to this item
    https://hdl.handle.net/20.500.12478/2903
    IITA Subjects
    Agribusiness; Socioeconomy; Capacity Development
    Agrovoc Terms
    Agricultural Development; Poverty Reduction; Dynamic General Equilibrium Model
    Regions
    Africa; West Africa
    Countries
    Nigeria
    Collections
    • Books and Book Chapters984
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