Select Currency
Translate this page


Format: MS WORD  |  Chapter: 1-5  |  Pages: 56  |  1543 Users found this project useful  |  Price NGN3,000




Agriculture, according to Omidigi (1993), is an applied science that deals with the preparation of land, cultivation of crops and rearing of animals. Akinsami (1973:p1) defined agriculture as the production of plants and animals useful to man. It covers not only the cultivation of soil and the feeding and management of crops and livestock, but also the preparation of plants, and animal products for man’s use and the disposal of those products by marketing. The role of agriculture in transforming both the social and economic framework of an economy cannot be overemphasized. It is a source of food and raw materials for the industrial sector. It is also essential for expansion of employment opportunity, for the reduction of poverty and improvement of income distribution for speeding up industrialization and easing the pressure of balance of payment. In essence, it has been the main source of gainful employment; from which the nation can feed its teeming population, a regenerative, providing the nation’s industries with local raw materials, and as s reliable source of government revenue.
The agricultural sector constitutes one of the most important sectors of the Nigerian economy. Its importance stems from the abundance of agricultural resources and the high percentage of the active population engaged in agriculture. In addition to this, is its contribution to the country’s gross domestic product (GDP) as well as foreign exchange earnings.  (Moro (1995:29)). The contribution of agriculture to GDP, in 1960 was 63%while the percentage share was 74% of the total domestic exports. At this period, agriculture was the mainstay of the Nigerian economy.
Oil or petroleum, on the other hand, is a very versatile and flexible, non –reproductive, depleting natural (hydrocarbon) resource that is a fundamental input into modern economic activity, providing about 50% of the total energy demand in the world, excluding former centrally planned economies. Oil exporting countries of the developing world depend heavily on oil revenue for foreign exchange earnings and for the government budget, in most cases reaching 90% and above. In Nigeria, the oil sector has assumed a central role in the economy in such a way that it cannot be overemphasized. In fact, Iyoha(2005) had it that between 1981 and 1999,Nigeria received over 228billion US dollars from petroleum export. The inflow of foreign exchange from petroleum export has overwhelming influence on the economy.
The growth in GDP since the early 70s is largely attributable to crude oil production. Moreover, our development plans were focused on the expected earning from crude oil export as a source of finance. More specifically, the Nigerian revenue budget since oil took a primal position in revenue attraction is directly a function of the price per barrel of crude oil and the projected total sales. Nigeria was a predominantly agrarian economy before the discovery of oil in commercial quantity in 1956 and remained so up to the early part of the 1970s, thereafter oil exerted tremendous impact on the economy.  In Nigeria’s attempt to make oil exploration a lucrative business, there was a shift in its dependence from the agricultural sector to the oil sector, largely based on the innumerable benefits it derived from the later (oil sector). This attitude has brought about a major decline in the agricultural sector and even other sectors of the economy, thereby making the Nigerian economy a mono-economy.
Gone are the days when ships used to sail from Nigerian parts, laden with agricultural products such as cocoa, timber, groundnut, oil palm, rubber, cotton, cassava etc, when the country derived most of its revenue from the export of agricultural products, then the economy was diversified with more focus on the agricultural sector. Then Nigeria’s budget reflected that it was proud of its agricultural heritage. Then, agriculture used to be the backbone of the economy, inviting foreign investors from far and near. Nigeria’s economy has gradually become one that is almost completely dependent on the oil sector for its sustenance, thereby causing the neglect of the agricultural sector that used to be the foremost of the Nigerian budget.
According to Moro (1995), it is believed that the problem of food crisis has its roots in the gradual transformation of the Nigerian economy accelerated with the impact of the oil price increases during the 1970s, Nigeria who could provide her own food, regardless of its population now has to import staple commodities such as rice, sugar etc. The agricultural sector has gradually ceased to be what it used to be because of the new rave for oil. States like Delta state Rivers Bayelsa etc are worst as they all have tales of woe to tell, as the catastrophic effects of oil spillage has led to inestimable losses that has led to gradual decline of agriculture in some areas of the region. Many financial experts are of the view that an economy that largely depends on a sector is definitely not a healthy one. A healthy economy is one that is diversified and not mainstreamed. It appears as if Nigeria has put all her eggs in one basket, standing at the risk of loosing if something should go wrong.  
This research work is determined to finding answers to the following problems stated below:
·        The persistent decrease in agricultural production for the period under review:           This has resulted to scarcity of food supply with increased prices for them.
·        The problem of inadequate modern farm implements: This has contributed to the decline in productivity, as the crude implements can no longer increase output to meet with the increasing population and demand for agricultural products.
·        The decline in government’s revenue from the agricultural sector:  This trend limits various development works that should have been carried out.
·        The problem of shortage or inadequate local raw material for industrial use:  This in-turn negatively affects the industrial development in the country, as industries are forced to close up, owing to the inability to import the high cost of imported raw materials.
This study is designed to achieve the following objectives;
1.     To determine the relationship that exists between the petroleum sector, exchange rate, and the agricultural sector in Nigeria.
2.     To know the relative contribution of both the petroleum and the agricultural sector to the economy of Nigeria.
3.     To determine the causes of either a boom, or decline in any, and the economic implications.
The hypotheses for this work are;
Ho: -  There is no significance relation between the petroleum and the agricultural production in Nigeria.
Hi:   - There is a significant relation between the petroleum sector and agricultural production in Nigeria.
This research work is significant as it will be useful to policy makers and serves as a reference material for members of the academia and the public to sustain the economy.  
This research work covers only the period between 1981 and 2007, and only x-rays the petroleum and the agricultural relativities.


Not What You Are Looking For?

For Quick Help Chat with Us Now!

+234 814 010 7220

+233 541 351 187

Here's what our amazing customers are saying

Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Gbadamosi Solomon Oluwabunmi
Swift delivery within 9 minutes of payment. Thank you project master
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.


  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on +234 814 010 7220 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.


How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 814 010 7220

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!