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The Effect of Cocoa Farming on the Economy of Nigeria

The Effect of Cocoa Farming on the Economy of Nigeria

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DEDICATION

This research material, titled “The Effect of Cocoa Farming on the Economy of Nigeria” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Economics for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Effect of Cocoa Farming on the Economy of Nigeria provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



The Effect of Cocoa Farming on the Economy of Nigeria

CHAPTER ONE

1.0 Introduction

1.1 Background Of Study

Cocoa farming has really contributed to most of the agricultural sectors in Nigeria. As we all know; agriculture has done a lot in the time of old even when crude oil was not the major source of revenue in Nigeria. Agriculture has provided food for almost the entire population of Nigeria; is it employment? Farmers that operates on a larger scale tends to employ more labour.

Cocoa farming is a very vital part of agriculture as it provide food for the entire population of Nigeria, raw material for industry, it also serve as a source for foreign exchange in Nigeria.

Cocoa has really contributed to the economic development of Nigeria.

During the 50s when agriculture was the major source of income and economic development, the value of the Nigeria currency was very much appreciated and the standard of living was very much manageable. In Nigeria of today, virtually everybody is now running away from agriculture. Everybody is looking at the oil sector.

Nigeria is blessed with variety of agricultural products; cocoa is one of them. It does not seem to perish easily.

Cocoa can be largely supplied to every part of the country and its demand is on the high side.

Cocoa farmers are considered the wealthiest because the value of the product and the demand of such products.

1.2 Statement Of Problem

The economy of Nigeria is on the low side because of the drop in the price of oil and most of the Nigeria citizen has really abandoned agriculture. When crude oil was not much in supply in the early 50s agriculture was the major source of revenue for both the government and the citizens of Nigeria. Most of the people said that there is capital to set up a big farm. Some said no machinery and the government policy is not allowing them practice on a larger scale.

1.3 Research Question

  1. Does cocoa farming has any effect on the economic development of Nigeria?
  2. Is there any way the government can help develop the practice of agriculture in Nigeria?
  3. Does cocoa export have any effect on the gross domestic product of Nigeria?
  4. Does the practice of agriculture help reduce unemployment in Nigeria?

1.4 Research Hypothesis

  1. H0: There is no significant effect of cocoa farming on the economic development of Nigeria.
    H1: There is significant effect of cocoa farming on the economic development of Nigeria
  2. H0: There is no mean difference in gender responses of the respondents that agriculture help to reduce unemployment in Nigeria.
    H1: There is mean difference in gender responses of the respondents that agriculture help to reduce unemployment in Nigeria.
  3. H0: Cocoa export has no significant effect on the gross domestic product of Nigeria.
    H1: Cocoa export has significant effect on the gross domestic product of Nigeria.

1.5 Aim And Objective Of Study

  1. To determine the effect of cocoa farming on the economic development of Nigeria
  2. To investigate the effect of agriculture on the level of unemployment in Nigeria
  3. To determine the effect of cocoa export on the gross domestic product of Nigeria.
  4. To determine the impact of government policy on the development of agricultural practice in Nigeria.

1.6 Significance Of Study

By the end of this research work, we shall be able to determine the impact of government policy on the development of agricultural practice in Nigeria. We shall also be able to determine the effect of cocoa on the gross domestic product of Nigeria and its effect on the economic development of Nigeria.

1.7 Scope Of Study

The primary data for the purpose of this study was obtained by the use of questionnaires and CBN statistical bulletin and the rest of the secondary data was obtained from wiki books, journals and other related articles.

1.8 Definition Of Terms

Economy:

Is an area of the production, distribution or trade, and consumption of goods and services by different agents in a given geographical location

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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Defense Procedure for Economics Researchers

In preparation for defending a project or seminar on The Effect of Cocoa Farming on the Economy of Nigeria, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.

Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.

Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.

During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.

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