JAMB - Economics (2010 - No. 34)

Government can boost agricultural output in Nigeria primarily by
embarking on buffer stock programmes
placing embargo on food importation
granting subsidies on farm inputs
placing farmers on monthly income

Explanation

Granting of subsidies by government is a government incentive paid to agribusinesses, agricultural organizations and farms to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities. This is one major way how government boost agricultural output in Nigeria. 

Comments (0)

Advertisement