ABSTRACT
The study is an appraisal of insecurity on the agricultural sector of the Nigerian business environment. A research survey design was adopted while descriptive statistics and t-test were used to analyse the dat. The study however make use of both primary and secondary source of data. The primary data were gotten from structured questionnaire and oral interview while the secondary data were from article journals, textbooks, newspaper publications and internet source.. Based on the findings, the study recommends that Government should take legal and justifiable action to ensure that the ills caused by insecurity both BokoHaram and herdsmen to the agricultural sector are arrested and farmers encouraged with better incentives to go back to farm.
CHAPTER
ONE
INTRODUCTION
1.1 Background to the Study
Agriculture in Nigeria is the most
important sector of the economy from the standpoint of rural employment,
sufficiency in food and fibre, and export earning prior to the discovery of oil
(Towobola, et.al 2014). The above assertion is based on the fact that as at
independence in 1960, little was known of petroleum as a source of revenue for
the Nigerian economy. There was sustained emphasis on agriculture such that
Nigeria was a major exporter of agricultural products like palm produce, cocoa,
groundnut, cotton and rubber. In addition to these cash crops, the national
agricultural system produced enough food crops such as yam, cassava, maize,
millet, sorghum and soya beans so that there was practically no need for food
importation. Hitherto, agriculture accounted for over 60% of the nation’s Gross
Domestic Product (GDP) (Francis and David, 2012).
According to Akinwumi (2014), in the
1960s, before the discovery of oil, Nigeria was known to be a major
agricultural producer in the world. Between 1962 and 1968, export crops were
the country’s main foreign exchange earner. Nigeria was number one amongst
other countries like Malaysia and Indonesia in products like palm oil and
groundnuts, even ahead of the US and Argentina. Nigeria’s status with 47% in
these products which made her as an agricultural centre has declined steeply.
While Nigeria once provided 18% of the world demand of cocoa, second in the
world in the 1960s, that figure has drastically reduced to 8%. Also the country
which was known to produce 65% of tomatoes in West Africa has become the
leading importer of tomato paste.
Despite the poor
performance of the agricultural sector which is below economic expectation, the
sector is still capable of aiding socioeconomic development of people living in
rural areas, most especially in the northern states as they engaged more in
agriculture in order to sustain themselves, and traded within their capacity or
capabilities for profit. However, the on-going Boko Haram insurgency has
affected the rural agricultural economy the northern, part of Nigeria, hence,
this work is an appraisal of the impact of Boko Haram insurgency on the
agricultural sector of the Nigerian business environment.
1.2 Statement of
Problem