Role of Foreign Investment in Developing the Agricultural Sector of the Nigerian Economy

摘要

This paper focuses on the requirements and constraints of foreign investment in the Nigerian agricultural sector. It compares a closed system economy with an open one, and addresses economic growth, the historical development of Nigerian agricultural policy, the mobilization drive toward self-sufficiency, food importation, Nigeria's oil dependence, government recognition of food shortage and the need for self-sufficiency, specific government programs and policies to improve agriculture, alternative policies for financing agricultural growth through credit and loan subsidies, government intervention in agriculture, the necessity of foreign investment to Nigerian agriculture, land ownership and land use policies, impacts of land purchases by foreign investors, and government control of foreign investment. The paper concludes that foreign investment would increase Nigerian food production.