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The role of agriculture in economic development includes:
  • a)
    Providing a source of income for farmers only
  • b)
    Increasing foreign exchange earnings through agricultural exports
  • c)
    Reducing unemployment in urban areas
  • d)
    Promoting industrialization and technological advancements
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The role of agriculture in economic development includes:a)Providing a...
Increasing foreign exchange earnings through agricultural exports. Agriculture plays a crucial role in Nigeria's economic development by increasing foreign exchange earnings through the export of agricultural products. This contributes to the country's balance of trade and foreign reserves. Additionally, agriculture creates employment opportunities not only for farmers but also for various stages of the agricultural value chain, reducing unemployment. Furthermore, agricultural development can lead to industrialization and technological advancements as it provides inputs and raw materials for agro-processing industries and stimulates innovation in the sector.
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The role of agriculture in economic development includes:a)Providing a source of income for farmers onlyb)Increasing foreign exchange earnings through agricultural exportsc)Reducing unemployment in urban areasd)Promoting industrialization and technological advancementsCorrect answer is option 'B'. Can you explain this answer?
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