Africa has been identified as the current second fastest growing region in the world with GDP growth rate of 5.2% (3.9% pre-CAADP) and per capita GDP 1gr owth of 2.3% (1.3% pre-CAADP) .This implies that overall GDP almost doubled and per capita GDP rose by around 35%. This recorded growth may not have translated to moving people out of poverty as there is hardly any change in the percentage of people living in absolute poverty pre-CAADP and now. It is on record that over 40% of people living in sub-Saharan Africa 2toda y still live in absolute poverty.
Nevertheless, it has been widely noted that growth in Africa’s economy is widely rooted in the agricultural sector. This implies that for sustainable development to take root, Africa must attain food security, using the agricultural sector that employs over 60 per cent of the population. Therefore, when the African Heads of States endorsed the Comprehensive Africa Agriculture Development Programme (CAADP) at the African Union Heads of State Summit as part of a
New Partnership for Africa’s Development (NEPAD) program in July 2003, it was aimed to help African countries reach a higher path of economic growth through agricultural sector led development. Over and above, the thrust was to eliminate hunger, reduce poverty, attain food security, and enable export expansion.
Nigeria signed the CAADP compact in 2009 and formulated the National Agricultural Investment Plan (NAIP) in 2010 as the country’s framework for the implementation of CAADP . Since the signing of CAADP , great emphasis has been placed on allocating 10% of the national budget to the agricultural sector in order to achieve 6% agricultural growth which is the core objective of CAADP . Although there are other commitments and measurable indicators in the compact, countries assessments’ of CAADP implementation have been evaluated on their commitment to the Maputo Declaration rather than the results in terms of sectoral growth or perhaps the extensive impact of investments on poverty alleviation, food security and wealth creation.