Thesis Abstract

Abstract
Cocoa farming plays a significant role in the economy of Nigeria, contributing to both the agricultural and overall economic development of the country. This research examines the effect of cocoa farming on the economy of Nigeria by analyzing various key factors such as production levels, export earnings, employment generation, and income distribution. The study utilizes a combination of quantitative data analysis and qualitative methods to assess the impact of cocoa farming on the Nigerian economy. Through statistical analysis of production trends and export data, the research highlights the importance of cocoa as a major cash crop and export commodity for Nigeria. Furthermore, the study investigates the role of cocoa farming in generating employment opportunities, particularly in rural areas where cocoa is predominantly cultivated. By examining the income distribution among cocoa farmers and related industries, the research sheds light on the socio-economic implications of cocoa farming on local communities. The findings reveal that cocoa farming significantly contributes to the economy of Nigeria by providing a source of livelihood for millions of farmers and workers across the value chain. The export earnings from cocoa also play a crucial role in generating foreign exchange for the country, thereby contributing to its balance of payments and overall economic stability. Moreover, the study highlights the challenges faced by cocoa farmers in Nigeria, including issues such as aging cocoa plantations, low productivity levels, and market fluctuations. By addressing these challenges through improved agricultural practices, technology adoption, and market diversification, cocoa farming can further enhance its positive impact on the Nigerian economy. In conclusion, the research underscores the importance of cocoa farming as a key driver of economic growth and development in Nigeria. By understanding the various dimensions of its impact, policymakers and stakeholders can formulate strategies to promote sustainable cocoa production, enhance farmers' welfare, and maximize the economic benefits derived from cocoa farming.

Thesis Overview

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

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

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.

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

REFERENCES

[1]   Ajewole, D. O., & Iyanda, S. (2010), Effect of climate change on cocoa yield: A case of   Cocoa Research Instituteof Nigeria (CRIN) farm, Oluyole local government, Ibadan, Oyo State. Journal of Sustainable Development in Africa, 12(1), 350-358.

[2] Anim-Kwapong, G. J., & Frimpong, E. B. (2005). Vulnerability of agriculture to climate change: Impact of climate change on cocoa production. Cocoa Research Institute of Ghana. Retrieved from

[3] Apata, T. G., Samuel, K. D., & Adeola, A. O. (2009). Analysis of climate change perception and adaptation among arable food crop farmers in South Western Nigeria. Paper for presentation at the International Association of Agricultural Economists’ 2009 Conference, Beijing, China, August 16

[4] Ayorinde, J. A. (1966). Historical notes on the introduction and development or the cocoa industry in Nigeria.Agricultural Journal, 3, 18-23.