How to make money from agriculture in Nigeria?
- Provision of food; of course, we all know this one, this is the major purpose of agriculture; to feed the nation. …
- Increase in GDP; Like I previously said, agriculture has contributed highly to the GDP of our economy. …
- Provision of employment; agriculture as a whole agriculture has as created an employment opportunity for some people. …
What are the problems of Agriculture in Nigeria?
- Soil structure and fertility
- many of the soils in West Africa are very high in clay and extremely hard (physically) to cultivate
- where slash and burn is practiced, soil fertility is very low and fertilizers must be applied (and aren’t)
How to start an agricultural business in Nigeria?
- Determining a location with the best climate condition suitable for your desired crops.
- Ascertain the topography of the area
- Determine the soil type as it suits your desired agricultural produce e.g. cashew and cocoa do well in sandy-loams; Yam and Cassava do well with sandy clay.
What are the prospects of Agriculture in Nigeria?
Prospects. Despite the above-named challenges, the potential for growth of the agricultural and agribusiness sector is immense. The agribusiness sector provides employment for more than half of the workforce in Nigeria either directly or indirectly. This implies that agribusiness is capable of reducing the unemployment rate in the country.
What is the contribution of the agricultural sector in Nigeria?
The agricultural sector in Nigeria is one of the vital sectors that contribute immensely to the national income of the country as it is one of the agricultural exporting countries most. In Nigeria, the agricultural sector has grown in the past years and it has contributed immensely to …
Why is agriculture important in Nigeria?
Agriculture plays an important role in Nigeria, as it is an engine of economic growth in the country. A sustainable agricultural sector in Nigeria literally translates to a sustainable economy.
How does shortage of agricultural products affect industrial production?
Any shortage of agricultural products will have an impact on industrial production, as there will be a hike in prices of goods generally and this will consequently hold back the country’s economic growth. The production, productivity, and growth of the agro based industries like textile mills, tobacco factories, flour mills, rice sheller, …
What are the major industries that are dependent on the production and productivity of the agricultural sector?
The production, productivity, and growth of the agro based industries like textile mills, tobacco factories, flour mills, rice sheller, sugar factories, bread, meat, and other numerous industries are highly dependent on the production and productivity of the agricultural sector. 4. Source of Foreign Exchange.
How can Nigeria improve its food security?
Boost Food Security. If Nigeria develops its agricultural sector, there would be food security in the country. This is because if the sector is developed, there would be sufficiency of farm product, the farm produce will be of good quality, it will be safe and even cheaper.
What would happen if the agricultural sector failed to meet the high demand of food in the country?
And if the agricultural sector fails to meet the high demand of food in the country, there would be a decline in the growth of the country’s economy. 2.
How does agriculture help Nigeria?
Agriculture makes it is possible to create employment opportunities for the masses in Nigeria as agriculture is the primary occupation of most rural people in the country. It helps to create jobs to numerous uneducated and unskilled labor particularly in the northern part of the country, in order to grow the workforce, …
What was the role of agriculture in Nigeria?
The Role of Agriculture in Nigeria. Prior to the discovery of oil in Nigeria, agriculture was the mainstay of the economy. Agriculture was then the highest earner of foreign exchange for the country, and Nigeria was also largely self-sufficient in food production. However, with the discovery of oil, the lure of petro dollars turned the focus …
How much does agriculture contribute to the GDP of Nigeria?
Agriculture currently contributes between 30 and 40 percent to the national gross domestic product (GDP) of the country with a huge majority of the rural population engaging in subsistence agriculture. The relatively diverse variety of climatic conditions in Nigeria makes it possible to raise a wide range of crops across the country.
How much cocoa does Nigeria produce?
In the agricultural sector, cocoa is the highest foreign exchange earner with Nigeria producing more than 200,000 tons of cocoa per annum. This output can be greatly increased if the current traditional methods of cultivation are traded for more modern mechanized methods.
What has the government done to promote agriculture in Nigeria?
In recent years, the government of Nigeria has put forth policies to promote agriculture in the country. Although a lot has been achieved in the area of food security, a lot still has to be done. Provision of Raw Materials to Support Industries.
How much land is arable in Nigeria?
This land area amounts to about 82 million hectares. Unfortunately, only about half of this arable land mass is being currently cultivated.
Why is food security important in Nigeria?
Food Security. It is a common saying that the quality of food consumed by a people is a stark revelation of the quality of life of the people. With a population of more than 160 million and growing, Nigeria needs to produce enough food to cater for her growing population and also export to earn foreign exchange.
What is the highest employer of labour in Nigeria?
Although no longer the largest sector of the Nigerian economy, agriculture still remains the single highest employer of labour in Nigeria, most especially in the rural areas.
What is the importance of agriculture in Nigeria?
Importance of agriculture in Nigeria 1 major source of employment. 2 main source of food provision. 3 valuable contributor to Nigerian GDP (gross domestic product). 4 major source of foreign exchange. 5 major source of raw material for different industries.
How much did agriculture contribute to Nigeria’s economy in 2010?
The contribution of the agricultural sector to the Nigerian economy in 2010-2017 averaged 3.7 billion Naira. Experts indicate that this is about 40 percent of the GDP and this figure doesn’t change much year after year. Of course, sometimes the numbers are lower and sometimes, they are much higher but the average records show stable constant growth.
Why is it important to develop agricultural businesses?
The importance of developing agricultural businesses and providing all the necessary conditions for local farmers and foreign investors in endless. It’s up to the government to help develop this important sector of the economy and educate potential farmers as well as already established farmers on new and easier farming methods and the types …
How much of Nigeria’s arable land is cultivated?
Only about the third of all the arable lands are actually cultivated. Read also. Factors affecting agricultural production in Nigeria. The development of the agricultural business is extremely important to the country. It can solve many current problems and improve the standard of living of millions of ordinary Nigerians.
Is Nigeria a low income country?
Still, the high GDP (compared to many other African countries) doesn’t guarantee low poverty rate. A large number of Nigerians still live below the poverty line. While many citizens are employed in the agricultural sector, large number of Nigerians are still unemployed. Only about the third of all the arable lands are actually cultivated.
Can a country survive without agriculture?
No country can survive without agriculture, either as an income generating sector of the economy or simply as a domestic food production sector. READ ALSO: Major forms of agriculture in Nigeria. Source: Legit. Hot: Jorge Garcia Famous dragons Pharrell williams net worth Derek jeter wife Npower news.
Why is agriculture important in Nigeria?
One of these material resources includes a vast array of land that is arable. This is among the reason for this post on “The Importance Of Agriculture In Nigeria Economic Development”. However, despite the presence of such wealth, the economic status of Nigeria is decreasing apart from the poverty that is increasing every day in the country. In fact, currently, Nigeria has been tagged to be among the World power when it comes to the agricultural sector. A major reason for the decline in the economic status of the country lies mostly in the hands of the Government. This is due to the fact that the Government has centralized the source of income to the country by relying only on the crude oil that the country is also endowed with.
What are the major crops grown in Nigeria?
The major crops grown in Nigeria in abundance are sesame, Maize, millet, Oil Palm, banana, rice, rubber, sorghum, soybeans, yams etc.
What is the role of agriculture in the development of the economy?
Another role of agricultural sector in developing the economy is the role performed by the agricultural sector in the provision of agro-based raw materials to cater for the fledging, manufacturing and production industry.
What will happen if the traditional agricultural methods are improved with modern mechanized methods?
This is giving a hope that if the traditional agricultural methods are improved with modern mechanized methods, the agricultural sector will do well in contributing to the economic development of the country.
What percentage of Nigeria’s land is arable?
Looking at the lands present in Nigeria, about 80 percent of this land is arable.
Why is Nigeria’s economy declining?
A major reason for the decline in the economic status of the country lies mostly in the hands of the Government. This is due to the fact that the Government has centralized the source of income to the country by relying only on the crude oil that the country is also endowed with . There are many sectors in Nigeria that can contribute to …
Which provides the highest income in Nigeria?
And for your information, agriculture provides the highest income for Nigeria when compared with the income the oil is providing in Nigeria now. Apart from that, Nigeria is also blessed with enough food to feed the nation during that period.
Why is agriculture important in Nigeria?
Why Agriculture in Nigeria is Important. Agriculture is at the center of the Nigerian economy, providing the main source of livelihood for the majority of Nigerians. The farming sector of this West African country employs about 70 percent of the entire country’s labor force. Nigeria’s small farms produce 80 percent of the total food …
What percentage of Nigeria’s food is produced by small farms?
Nigeria’s small farms produce 80 percent of the total food and 33 percent of this country’s land is under cultivation for this purpose. This is the leading African country in farming because it has the highest levels of productivity and profitability in this particular sector. Agriculture in Nigeria is the foundation of the economy, …
Why is Nigeria so profitable?
This country is at a huge advantage in terms of agriculture profitability because of the huge demand for farm produce. Nigeria has the benefit of having large stretches of fertile land available to cultivate. This country has one of the largest expanses of land in Africa with more than 900 thousand square kilometers and 70 percent …
What percentage of Nigeria’s land is cultivated?
This country has one of the largest expanses of land in Africa with more than 900 thousand square kilometers and 70 percent of it is able to be cultivated to produce sustenance for the population of Nigeria. This land provides Nigeria with practically an unlimited source of farming food, providing agricultural produces and jobs for the people.
What is the largest consumer in Africa?
Nigeria is Africa’s largest rise consumer. It is mainly small-scale farmers who produce rice, sell 80 percent of their total production and only consume 20 percent of their product. This creates a huge market for the consumption of rice by way of the vast population of Nigeria, as well as the larger continent of Africa.
Why is livestock development important in Nigeria?
Livestock development is also an important aspect of Nigeria’s agriculture. The domestic production of livestock products is far below the national demand , which causes large imports of livestock and livestock products.
Which country produces the most cassava?
Nigeria is the largest producer of cassava in the world. This West African country produces cassava for 20 percent of the world, 34 percent of Africa and 46 percent of West Africa. Despite the fact that Nigeria has an enormous market for cassava, it is mostly grown for family consumption and local sale by smallholders.
What is the agricultural sector in Nigeria?
Agricultural sector is seen as an engine that contributes to the growth of the overall economy of Nigeria, despite these efforts the sector is still characterized with low yields, low level of inputs and limited areas under cultivation due to government dependence on mono-cultural economy based on oil. This paper is an attempt to examine the impact …
Why is agriculture important?
Agriculture plays an important role in the socio economic status of country because it provides a lot of products like food, biofuel, fibre. However, these products most especially, food is highly threatened by pests hence, farmers have resulted to the use of synthetic pesticides in order to control or manage the adverse effect of pest on crops and stored food produce. These chemical pesticides are both environmentally and humanly unfriending. Therefore, this work seeks to evaluate the use of Neem oil as a bio-pesticide by characterizing the extracted oil. To ensure that the seed used for the extraction was of good quality and ecofriendly, the moisture content (%) and the Ash Content (%) were evaluated. From the result obtained, both quantities were 9.67% and 0.143% for moisture content and Ash content respectively. Further analysis showed that the oil Thin Layer Chromatography analysis yielded 0.7065. This showed that the oil has a high level of azadirachtin, the compound responsible for the insecticide ability of Neem. The water solubility of the oil was 99.93 while the specific gravity, flash point, pH, saponification value, peroxide value, refractive index, acid value and the iodine value were 0.934 g/cm 3 , 248 , 4.133, 196mgKOH/g, 7 (meq/Kg), 1.4567, 14.33 (mgKOH/g), and 75.08 (mg I 2 /100 g) respectively. These values were found to be with the range of Neem oil used in the product of bio-pesticides.