Effects of Liberalisation Policy on Agricultural Production in Nigeria Under the Wto Regime (2012-2016)
INTRODUCTION
BACKGROUND OF THE STUDY
The Trade liberalization is viewed as the eradication and reduction of the restrictions or barriers to the free exchange of goods between nations. Such barriers as tariffs, duties and surcharges, and nontariff, such as licensing rules and quotas. According to Economists the essence is to eradicate restrictions so as to promote freetrade. Caroline. B and Will .K, 2019 .Trade liberalization enhances free trade. Which allows countries to trade goods without regulatory barriers or their associated costs. This reduced regulation decreases costs for countries that trade with other nations and may, ultimately, result in lower consumer costs because imports are subject to lower fees and competition increases. Increased competition from abroad as a result of trade liberalization creates an incentive for greater efficiency and cheaper production by domestic firms. This competition might also spur a country to shift resources to industries in which they may have a competitive advantage. The Nigerian agricultural sector has remained a resilient sustainer of the economy and the Nigerian people in terms of food supply, employment, national income generation and industrialization. It has also struggled to perform the above functions over the years in spite of declining effectiveness of policy attention since the 1980s.The exploitation of the agricultural sector since the 1960s provided the main source of employment, income and foreign exchange earnings for Nigeria. The study seeks to appraise the effects of liberalization policy on agricultural production in Nigeria under the WTO regime (2012-2016)
STATEMENT OF THE PROBLEM
The effect of the dependence on the oil sector has over the years affected the level of agricultural production in Nigeria. The Trade liberalization is viewed as the eradication and reduction of the restrictions or barriers to the free exchange of goods between nations. Such barriers as tariffs, duties and surcharges, and nontariff, such as licensing rules and quotas. According to Economists the essence is to eradicate restrictions so as to promote freetrade. The liberalization policy was therefore a measure to boost agricultural development. It is stated clearly that the performance of Nigeria agricultural sector and its export sub-sector is a function of trade liberalization. The problem confronting the study is to appraise the effects of liberalization policy on agricultural production in Nigeria under the WTO regime (2012-2016).
OBJECTIVE OF THE STUDY
The Main Objective of the study is to appraise the effects of liberalization policy on agricultural production in Nigeria under the WTO regime (2012-2016); The specific objectives include
1 To determine the relevance of liberalization policy.
2To determine the effects of liberalization policy on agricultural production in Nigeria under the WTO regime (2012-2016).
RESEARCH QUESTIONS
1 What is the relevance of liberalization policy?
2 What is the effect of liberalization policy on agricultural production in Nigeria under the WTO regime (2012-2016)?
STATEMENT OF THE HYPOTHESIS
The statement of the hypothesis for the study is stated in Null as follows
HO The audience perception of media campaign against fake news in Nigeria is negative.
SIGNIFICANCE OF THE STUDY
The study appraises the effects of liberalization policy on agricultural production in Nigeria under the WTO regime (2012-2016). The study shall therefore serve as veritable source of information to stakeholders to proffer interventions which will address the problem.
SCOPE OF THE STUDY
The study focuses on the appraisal of the effects of liberalization policy on agricultural production in Nigeria under the WTO regime (2012-2016).
LIMITATION OF THE STUIDY
The study was confronted with logistics and geographical factors
DEFINITION OF TERMS
LIBERALISATION POLICY DEFINED
The Trade liberalization is viewed as the eradication and reduction of the restrictions or barriers to the free exchange of goods between nations. Such barriers as tariffs, duties and surcharges, and nontariff, such as licensing rules and quotas. According to Economists the essence is to eradicate restrictions so as to promote freetrade. Trade liberalization enhances free trade. Which allows countries to trade goods without regulatory barriers or their associated costs.
AGRICULTURE DEFINED
Agriculture is the science, art, or practice of cultivating the soil, producing crops, and raising livestock and in varying degrees the preparation and marketing of the resulting products