Problems Of Nigeria's Rural Economy

In this article, we will learn about the problems of Nigeria’s rural economy in 2021.

Structurally, Nigeria’s rural economy is multi enterprise dominated with indefinable boundary lines between major, complementary, supplementary and other oriented subsidiary enterprises.

In most cases emphasis is usually placed on attainment of reasonable level of subsistence from production enterprises.

The livestock industry is equally traditional and is either full scale nomadism.

In few cases where livestock industry is sedentary, the animals scavenge for their feeds.

Other rural-based enterprises are equally marked by smallness of scale, primitive, cultural and poor management practices.

Nigeria’s Rural economy is faced specifically by problems highlighted below:

1. Natural Problems

This consists of limitation imposed by the physiographic factors such as complex topography and the framework of the river systems.

There are also problems created by climatic factors such as temperature, humidity, nature of precipitation direction of prevalent and/or variable winds and so on.

2. Socio-Cultural Problems

There are so many societies in rural Nigeria as there are ethnic groups and these are really complex.

These calls are equally complex and intricate sets of social norms, traditions, customs, tastes, rites and psychological orientation to change.

These created formidable problems of the adoption of new techniques, changes in social setting, and changes in essentially preference patterns.

All these make attempts at rural development extremely difficult.

3. Politico – Administrative Problems

In Nigerian rural setting among the people for which the political administrative set-up must take definite stand are tenured reforms, consolidation of fragmented and non contiguous holding, expansion of extension services, the establishment and implementation of meaningfully addictive problem-solving research projects oriented to rural landscape, the reconciliation of ministerial overlapping functions to eliminate the growth and/or multiplicity of distracting antagonistic policies, and the efficiency of staff development and training schemes oriented to solving rural problems.

4. Organizational Problem

Much of the talk about rural development schemes had lacked context in terms of being bifurcated between two organizational types: Capitalism and Socialism.

These have brought about ethnic differences or tribal jealousies to the point of enmity in rural Nigeria.There is lack of belongingness of rural committee to such organization systems.

In this context, for purposes of developing rural landscape, cooperative organization need to be encouraged because they have much more to offer than any form of organization.

5. Economic Problems

Many rural development projects have foundered on the rocks of economic problem and/or bottlenecks.

This is a problem of resource-mix in terms of optimal allocation of such productive resources as land, capital, labour, and management.

There is also the problem of investment rate as well as the difficulty of ordering investment projects or setting priorities among projects in the rural development process.

Again there is the problem of effectuating and management of projects o attain set targets in the plans for rural development.

This problem centres on the difficulty of obtaining suitable manpower and the provision of adequate training facilities in rural areas of Nigeria.

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