Tag Archives: Agriculture

Agriculture and the Nigerian Economy

 

Nigeria Economy is blessed with series of Natural resources, yet they suffer in the midst of plenty. Nigeria has a high poverty rate comparison with other African countries despite its high GDP.

well I once shared an article on Ways to boost the Nigerian Economy Through Agriculture Maybe you should check it out.

However, Nigeria’s Agricultural sector has a high potential for growth, but this potential is not realized. Productivity is low and basically stagnant.

Farming Systems, which are mostly small in scale, are still predominantly subsistence-based and for the most part depend on the varieties of the weather . Many agricultural policies have also been ineffective, either because they have been misguide  or because their impacts have been swamped by macro policies affecting inflation,  exchange rates, and cost of capital.

Recognizing these challenges the Federal Government of Nigeria has identified the modernization of the agricultural sector as a major priority.

This article is aimed at shedding some light on the role of agriculture in the Nigerian Economy.

SEE ALSO:  How to start plantain farming In Nigeria and Make millions

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Agriculture involves the science, practice and occupation of cultivating land ans raising crops. It also involves the feeding, breeding and raising of livestock, The main purpose of agriculture is to provide food and raw materials for human use.

Nigeria is currently poised to be a world power in the Agricultural sector.

The fact that Nigeria is richly blessed with abundant human and Natural resources is one point that has been consistently repeated in Various fora.

Agriculture contributes between 30 and 40 percent to the national gross domestic product (GDP) of the the country with a huge majority of the rural population engaging in subsistence Agriculture.

The relatively diverse variety of climate condition in Nigeria makes it possible to raise a wide range of crops across the country.

The major crops grown in economic quantity in Nigeria are beans, cashew nuts, cassava, cocoa, groundnuts, gum, Arabic kola-nut, Maize, melon, millet, oil palm, plantain and banana, rice, rubber, sorghum, Soy beans and yams.

Coupled with these crops Nigeria also produces fruits such as pineapples, oranges, lemon, lime, and tangerine.

Prior to the discovery of oil in Nigeria, agriculture was then the highest earner of foreign exchange for the country, and Nigeria was also largely self-sufficient in food production.

Although agriculture is no longer the focal point of the Nigerian Economy, it still plays some important roles in the country.

………………..To be continued on Roles of Agriculture in Nigeria’s Economy.

 

how to Start plantain farming in Nigeria and Make millions

 

By now, it should be no surprise to you that agriculture is the most

lucrative business sector in Nigeria . This has led to a huge boost in local and international investment, which has seen the agriculture industries potential increase exponentially.

If you’re still thinking about whether or not to invest in Nigerian agriculture, you should stop thinking and make a decision today. My advice to you is – don’t delay. The industry is so full of potential, and moving so quickly that you risk being left behind.

If you are already planning to start plantain farming in Nigeria, then you have made the right choice to help you turn your financial status around. With very little capital, plantain farming can help you make millions of Naira every year.

The secret to successful plantain farming is to ensure that you learn the basics, and master a few tricks of the trade. This is why you can start small and scale up to earn a lot from it.

The Plantain tree is a native of Asia, having been cultivated first in 500BC by South Indians. It has spread widely throughout the tropics, moving from Africa to the Caribbean and Latin America. At present though, Nigeria is a large producer of plantain. Nigeria produces more for local consumption in comparison to export.

You might be wondering why is plantain farming such a lucrative business? Plantain farming in Nigeria is so lucrative because plantain features heavily in the staple diet of most Nigerians. The few farmers who are successfully operating in this sector are making millions of Naira.

Continue reading how to Start plantain farming in Nigeria and Make millions