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The Dual Sector model, or the Lewis model, is a model in developmental economics that explains the growth of a developing economy in terms of a labour transition between two sectors, the subsistence or traditional agricultural sector and the capitalist or modern industrial sector.
The Ministry, formerly known as the Federal Ministry of Agriculture and Rural Development (FMARD), was established in 1966. [4] The Ministry is responsible for the formulation and implementation of policies to provide food for a growing population, supply raw materials for industry, expand markets for agricultural products, create jobs, and diversify the economy.
A farmer and his cow. The majority of herders in African countries are livestock owners. Livestock farming is a part of Nigeria's agriculture system. In 2017, Nigeria had approximately over 80 million poultry farming, 76 million goats, 43.4 million sheep, 18.4 million cattle, 7.5 million pigs, and 1.4 million of its equivalent. [26]
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
A child is checked for signs of malnutrition in Katsina State, Nigeria, March 2011 . In Nigeria, several subsequent governments have implemented different policies in an attempt to develop the rural areas and alleviate the poverty rate that has become a prominent decadence in such areas. However, very little success has been recorded so far.
Agricultural surplus plays a major role as a wage fund. Its importance can be better explained with the help of the graph on the right, which is an integration of the industrial sector graph with an inverted agricultural sector graph, such that the origin of the agricultural sector falls on the upper-right corner.
The Federal Military Government of Nigeria launched the Operation ‘Feed the Nation’ Programme (OFN), as a result of the chronic inability of the agricultural sector of the economy to satisfy the food needs of the country, there was hope for a revival of interest in agriculture.
The Federal Ministry of Agriculture and Rural Development is a Ministry of the Federal Government of Nigeria that has the mandate to ensure food security in crop, livestock and fisheries, stimulate agricultural employment and services, promote the production and supply of raw materials to Agro-allied industries, provide markets for the products of the industrial sector, generate foreign ...