Promoting Private Sector Participation in Agricultural Extension in Nigeria: Lessons from the New Institutional Economics
Keywords:
Promoting Private Sector, Participation, Agricultural Extension, Lessons, New Institutional EconomicsAbstract
This paper discusses strategies for enhancing private sector participation in agricultural extension delivery in Nigeria using some of the arguments of the New Institutional Economics. Bearing in mind the fact that the primary motivating factor of private enterprise is profit, the paper analyses, the feasibility of private provision of extension services by examining their economic nature. The question of moral hazard in private provision is also examined. Attention is drawn to the need to develop state contracting procedures to facilitate the transfer of responsibilities to the private sector.References
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Baba, K. M. Ipinjolu, J. K. and Awodola, M. (1997), An Appraisal of the Unified Extension System in Nigeria. (Forthcoming).
Leonard, D. K. (1993), Structural reform of the veterinary profession in Africa and the New Institutional Economics, Development and Change 24, 227 -267.
Meo, T. (1984), The new economics of organization, American Journal of Political Science. 28(4), 739 -77.
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Williamson, O. E. (1995), The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting. The Free Press, New York.
Wolf, C. Jr. (1988), Markets or Governments: Choosing Between Imperfect Alternatives. MIT Press Cambidge.
Baba, K. M. Ipinjolu, J. K. and Awodola, M. (1997), An Appraisal of the Unified Extension System in Nigeria. (Forthcoming).
Leonard, D. K. (1993), Structural reform of the veterinary profession in Africa and the New Institutional Economics, Development and Change 24, 227 -267.
Meo, T. (1984), The new economics of organization, American Journal of Political Science. 28(4), 739 -77.
Pratt, W. J. and Zechauser, J. R. (1985), Principals and Agents: The Structure of Business. Harvard Business School Press, Boston.
Touby, C. J. and Wolfson, A. D. (1978), Self -regulation: Who qualifies In Slayton, P. and Trebilock, M. J. (eds.) The Professions and Public Policy. University of Toronto Press, Toronto.
Williamson, O. E. (1984), The economics of governance: Framework and implications, Journal of Institutional and Theoretical Economics. 140 (1984), 195 -223.
Williamson, O. E. (1995), The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting. The Free Press, New York.
Wolf, C. Jr. (1988), Markets or Governments: Choosing Between Imperfect Alternatives. MIT Press Cambidge.
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Baba, K. M. (2015). Promoting Private Sector Participation in Agricultural Extension in Nigeria: Lessons from the New Institutional Economics. Journal of Agricultural Extension, 1. Retrieved from https://journal.aesonnigeria.org/index.php/jae/article/view/312
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General Extension and Teaching Methods