CBN: Rebuilding the agriculture ‘pillar’

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AGRICULTURAL development is one of the five major strategic combination methodologies needed to create quantum leap growth and sustainable development in the Nigerian economy. Other methodologies are the application of ‘The Big Push’, Schumpetarian growth model, Endogenous growth model and Interventionist policies.

Briefly, ‘The Big Push’ ‘’suggests that countries need to jump from one stage of development to another through a virtuous cycle in which large investments in infrastructure and education coupled with private investments would move the economy to a more productive stage.” The Nigerian economy, by now, needed to have jumped from the factor-driven stage where it has been for 58 years to the efficiency-driven stage which is next in the concentric rings of economic development, but not so.

Gbolahan Folarin, Chief Agronomist at PS Nutrac measures the growth of…



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