THE AGRICULTURAL SECTOR AND THE INFLATIONARY PRESSURE IN NIGERIA, 1960-1989
THE AGRICULTURAL SECTOR AND THE INFLATIONARY PRESSURE IN NIGERIA, 1960-1989
No Thumbnail Available
Date
1991-10
Authors
OKUNRINTEMI, James Shogo
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The inflationary process which with much persistence
and severity has been afflicting most countries of the world,
the Third World countries especially, has generated lively
controversy about its genesis and solutions.
There are differing opinions among economists
about the causes of inflation. Gome economists emphasize
the demand-side of the goods factor and asset markets and
some the supply side. Still, some others stress the
combinations of the two - the so-called mixed inflation.
This thesis looked at the causes of inflation from
the supply side by employing the structuralist approach.
There are different explanations of structural inflation. .
Gome economists stress the lagging growth of agricultural
sector, others stress the wide flunctuations in the export
receipts of primary producers. In this thesis, we hove
employed the method of critical descriptive analysis of
observable reality in order to show the extent to which
agricultural supply shortages contributed to the inflationary
pressure in Nigeria.
We have thus demonstrated that the inflationary process
in ITigeria has its genesis in structural rigidities of the
economy especially lagging growth of agricultural sector.
This thesis has also revealed that since the authorities
in Nigeria have always picked on monetary factor for the
control of inflation (demand - management strategy) which
had always been abortive, efforts should henceforth be at
vii
maintaining near to equilibrium supply and demand via
the expansion of productive capacity of the economy.
In this regard, we have shown that special attention
should be laid on domestic production or of consumers
goods.
Description
A Thesis submitted to the Post-Graduate School,
Ahmadu Bello University, in Partial Fulfilment
of the requirements for the Award of Degree of Master
of Science (M.Sc)Economics) Department of Economics,
Faculty of Arts and Social Sciences, Ahmadu Bello
University, Zaria.
OCTOBER, 1991
Keywords
AGRICULTURAL SECTOR,, INFLATIONARY PRESSURE,, NIGERIA, 1960-1989.