THE IMPLICATION OF MONO-PRODUCT ECONOMIC SYSTEM IN THE GROWTH OF NIGERIA IN THIS 21TH CENTRAY

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THE IMPLICATION OF MONO-PRODUCT ECONOMIC SYSTEM IN THE GROWTH OF NIGERIA IN THIS 21TH CENTRAY

INTRODUCTION

Agriculture started to lose its importance include development of the national’s economy from the first few years of independence due to the discovery of crude boil in large quantity: For example, the share of agriculture in the GDP full from 53% in 1960 to about 34% in 1974 –since then , agriculture neglect and poor investments and partly due to  ecological factors such as drought, disease, and other related factors. By the mid-1990s, agriculture’s share of export had declined to less than 5% .

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