Select Currency
Translate this page

ANALYSIS OF SECTORAL CONTRIBUTION TO NIGERIA GROSS DOMESTIC PRODUCT

Format: MS WORD  |  Chapter: 1-5  |  Pages: 66  |  2000 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE COMPLETE PROJECT

)INTRODUCTION
The sectorial contribution to gross domestic product revealed a fluctuating behavior and the lapses in the economy. Manufacturing, financial and educational sector contribution is drawn in left side Y’axis (vertical axis) while the contribution of agriculture sector was plotted on same Y’ axis but on the right hand side. It should be also noted that both manufacturing sector contribution and agriculture sector contribution to GDP was plotted with trends (line) while both finance and education contribution is plotted with bar chart.The graph above revealed that within 1980-1984 manufacturing sector was contributing highest to GDP accounting for the second most important sector after oil. The reason is mostly because of the oil boom in the 1970’s which led to the establishment of many assemblage industries in the country and the industrialization policy pursued in late 1970’s. Another reason is also the neglect of the agriculture sector due to boom in oil price in the international market. It was in late 70’s that oil price went as high as $106 per barrel.Since 1986, government had reduced its role as the major driving force of the economy through the process of economic liberalization entrenched in the IMF pill of Structural Adjustment Programme.
Emphasis, therefore, has shifted from large-scale industries to small and medium- scale industries, which have the potentials for developing domestic linkages for rapid and sustainable industrial development. Attention was focused on the organized private sector to spearhead subsequent industrialization programmes. The incentives given to encourage increased participation in these sectors were directed at solving and/or alleviating the problems encountered by industrialists in the country, thereby giving them opportunity to increase their contribution to the Gross Domestic Product (GDP).Also, due to the oil shock or oil price fall in early 1980’s and the adoption of Structural Adjustment Programmes (SAP) in 1986 attention was shifted again from oil to agriculture sector. The shift in the real sector to agriculture sector which is the main base of the economy in the 60’s caused the sector to upsurge again in terms of its contribution to GDP. By 1987 agriculture sector was contributing about 50.29billion naira to Nigeria GDP being the second largest sector in the country after oil sector. The sector maintained its leadership roles as revealed in the graph above in figure. 
 A look at the graph will revealed that agriculture sector maintained a linear behavior increasing at a very fast pace.It should be noted that from 2009 till date agriculture sector assume the it first position as it was at independent. Agriculture currently contributes about 38.4% to Nigeria gross domestic product (NBS, 2015). If the sector is properly harnessed it will soon not only contributes highest to GDP but will contributes highest to our foreign exchange earnings.The education and financial sector has not been fully harnessed especially the educational sector. Within 1980’s financial sector was witnessing series of downturn, many of the financial institution were going on bankrupt and recess thereby killing depositor confidence. The financial sector was really improved in its contribution to GDP after the recapitalization exercise in 2004 by Prof. Charles Soludo the then CBN governor. A look at the graph will revealed that the bar chart of financial sector upsurge fast from 2006 after the confidence of the public was restored on the banking sector.On the other hand the educational sector has not really contributed to GDP up to its full potentials.
The reason for this may not be far from the fact that government has not really invested much in Nigeria educational sector to attract foreign direct investment. The budget allocation to education sector is below 5% over decades now. It thus call for serious policy frame work to address such lapses.In conclusion, the data used in plotting the graph is as presented in table 1 below and was extracted from CBN bulletine 2015. The analysis so far clearly revealed that government has long dependent on oil sector and has neglected the importance of others sectors like agriculture and manufacturing sector.It is therefore impertinent for government as a matter of urgency to quickly increase investment in other sector to ensure total diversification of the economy from a mono-product country to a multi-product country. 
The present government need to modernize the agriculture sector and employ the youth to work in the sector, some graduates should be enrolled in agriculture activities like fisheries, pigries, crop processing after which the government help them to secure soft loan or give them grants to start up. This will not only increase agricultural output but will also solve the problem of unemployment.More investment should be made in the manufacturing sector and the educational sector, tax should be reduced to make the industry attractive for both local investors and foreign investors. The financial sector should be better regulated to ensure its competitiveness with global banks through innovation among others.

  DOWNLOAD THE COMPLETE PROJECT

ANALYSIS OF SECTORAL CONTRIBUTION TO NIGERIA GROSS DOMESTIC PRODUCT

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON ANALYSIS OF SECTORAL CONTRIBUTION TO NIGERIA GROSS DOMESTIC PRODUCT INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

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 iprojectmaster.com, 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
JONNAH EHIS
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!!!
Excellent
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
Abdulrahman Jibrin
Nti Abaji
Nice one work prompt delivery tanx
Very Good
Uduak From Uniuyo
IProjectMaster is the best project site for students. Their works are unique and free of plagiarism!
Excellent
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
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...
Excellent
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

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on ANALYSIS OF SECTORAL CONTRIBUTION TO NIGERIA GROSS DOMESTIC PRODUCT?

Simply click on the Download button above and follow the procedure stated.

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

How fast can I get this complete project on ANALYSIS OF SECTORAL CONTRIBUTION TO NIGERIA GROSS DOMESTIC PRODUCT?

Within 15 minutes if you want this exact project topic without adjustment

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

What if I want to change the case study for ANALYSIS OF SECTORAL CONTRIBUTION TO NIGERIA GROSS DOMESTIC PRODUCT, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will 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: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 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: +234 813 292 6373

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!