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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.
Channel 5 (also known as "Channel 5 with Andrew Callaghan" on YouTube) is an American digital media company and web channel, billed as a "digital journalism experience." [ 2 ] The show is a spinoff of the group's previous project, All Gas No Brakes , which was itself based on the book of the same name.
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.
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.
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.
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]
Babban Gona was founded in 2012 by Kola Masha with the aim of promoting agriculture and reducing unemployment in Nigeria. [1] [9] Kola temporarily relocated to a small village in the Northern part of Nigeria, which had been recently impacted by insurgent activities.