Practical Ways To Boost Nigerian Economy Through Agriculture
- The Federal Government of Nigeria (FGN) has farms across the 36 states of Nigeria, which is managed by the Federal…
- The FGN through the Federal Ministry of Agriculture and Rural development should employ youths into the Federal farms…
- Offices should be built on the farm where full administrative…
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)
What are the disadvantages of Agriculture?
Federated Co-operatives Limited announced plans Monday for a $2 Billion Integrated Agriculture Complex … because Saskatchewan actually has a little bit of market disadvantage when it comes to exporting to either coast. So the idea of having this domestic …
How to start plantain farming in Nigeria?
What You Need To Start Plantain Farming
- Land With Good Soil. Loamy soils are the best producing soils for plantain farming because they contain a good organic to inorganic ratio.
- Prepare The Soil. Clear the land and cut some of the trees if any, Plantain plants also grow best in bunches or groups because they protect each other from …
- Get The Plantain Suckers. …
- Control The Weeds. …
What are the benefits of sustainable farming?
- Improvement of air quality. Sustainable agriculture aims to get rid of such harmful activities as the use of nitrogen fertilizers and agricultural burning. …
- Zero world hunger. This is one of the main advantages of sustainable agriculture. …
- New technologies. …
How agriculture can boost Nigeria economy?
The contribution of agriculture to economic growth and development lies in providing food to expanding population, increasing the demand for industrial products, providing local foreign exchange earnings for the import of capital goods, increasing social income, providing productive employment and improving welfare of …
How can agriculture improve the economy?
A strong agricultural economy brings social progress by increasing productivity, employment and income. Agriculture is the main driver of development in most rural areas. Demand for staple foods, agricultural commodities and – increasingly – processed food is growing in developing countries.
Why is agriculture important to the economy?
IMPORTANCE OF AGRICULTURAL EXPORTS America’s farmers and ranchers make an important contribution to the U.S. economy by ensuring a safe and reliable food supply, improving energy security and supporting job growth and economic development.
Why agriculture is important in Nigeria?
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.
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.
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 …
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 are the roles of agriculture in Nigeria?
Source of Food Supply. This is the major contribution of agriculture in the country. Agriculture is the major source of the food supply in every country in the world, as it provides food for all other sectors in the country, and Nigeria is also not left out.
What is the increase in international investment in agriculture?
Over the past fifty years, the number of multinational companies has grown. They have expanded their global influence in the supply of food, bio-fuels, timber and minerals.
What is Nigeria’s natural potential?
Nigeria has enough natural and human potential. All that needed is a serious investment in agriculture. Food security. Foodstuffs, their production, distribution, exchange, and consumption are important parts of the functioning of the world system. Supplying other industries with raw materials. Cultivation of cotton, oil palm, …
Why does export grow in agriculture?
Export grows in agriculture due to the increase in transportation opportunities. However, the reduction of the area and depletion of arable lands is the serious limitation. Soil fertility continues to decline in many areas due to a lack of nutrients (mineral or organic). The number of rural population is decreasing.
What is the role of agriculture in Nigeria?
The role of agriculture in Nigeria’s economic development. Agriculture as a branch of the world economy plays a significant role in human life. Its main goal is to meet the population’s needs for food and provide the industry with raw materials.
Why is agriculture important?
Another important role of agriculture is a source of foreign currency, the most important for most countries. This is mainly contributed by the export of cocoa and other cash crops. Diversification of the economy. As a result of the decline in oil prices, the current economic situation can be considered the most suitable time for diversification.
Is agriculture good in Nigeria?
It can be said that agriculture in Nigeria today does not bring all possible benefits. But with wise management, it can achieve better results. Despite the decline in the share of agriculture in GDP, it continues to play a significant role in the development of the economy and society, provides a large number of jobs, produces food, raw materials, …
Who are investors in the private sector?
Investors are mainly representatives of the private sector, but governments and public funds also participate. Investment companies in the private sector are often founded by the government or public investment funds. That’s why it’s difficult to separate them and assess the degree of involvement.
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 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, …
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.
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 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 was the Green Revolution?
The Green Revolution of the 1960s that fed about a billion people did not depend only on agrochemicals like fertilisers and pesticides, it was a combination of these plus others like improved seeds, irrigation and mechanisation which are all important in improving crop yield.
What is the dream of every farmer?
After toiling to prepare the land and planting their crops, every farmer’s dream is a bountiful harvest that can feed his family and support their other needs. Yet this is rarely the case for many Sub-Saharan African (SSA) farmers who cultivate on small lands, apply little fertiliser and depend mostly on rain to grow their crops.
Why is soil testing important?
Without first visiting a doctor to get a diagnosis, any other steps taken may not help matters or may just make them worse; that is how important soil testing is to soil health. Before farmers are recommended a kind of fertiliser, it is important for them to first know what exactly is limiting in their soil.
How many extension agents are there in Nigeria?
They are vital in teaching farmers how and when to use the fertilisers suitable for their crop/land. Nigeria currently has only 7,000 extension agents for its sixteen million farms – an obvious gap.
Why is PFI important?
The PFI is a good starting point to boost fertiliser use and transform Nigeria’s agriculture.
How much of Nigeria’s croplands are irrigated?
In a system that is highly susceptible to climate change and droughts, only 1% of croplands are currently irrigated in Nigeria. In this kind of condition, no amount of fertiliser applied would translate to high-grade yield if water remains missing in the farming equation. Finally, agricultural extension agents.
Why is fertilizer important in Nigeria?
Fertilisers increase farmers’ productivity. It helps increase production and improve food security, which is especially important since Nigeria is expected to have the third-largest population by 2050. Additionally, an improvement in productivity can increase farmers’ incomes and reduce rural poverty. This will be a great boost for the agriculture sector which is responsible for 60% of Nigeria’s workforce.
Why is Nigeria called the technology age?
Encouragement of Innovations. It is technology that rule the world today, that is why, it is called technology age. With that on the mind, Nigerian economy can be improved when encouraging Nigerians to embrace innovations with the use of modern technology. Any economy that does not embraced innovations and technology is a poor economy.
How does electricity help Nigeria?
Electricity means everything, there can be no industrialization and economic improvement in Nigeria without Nigerians fixing its electricity. Once electricity is fixed it will encourage investment, and such investment will lead to economic improvement.
What are the issues that threaten Nigeria’s economy?
If the economy of Nigeria most be improved, them there is need for Nigerian government to improve its laws and order, there should be improved security, besides, one of the issues that has threatened the economy of this nation is corruption, corruption has eaten so deeply into the Nigerian system and nothing has been done about it.
Why is education important in Nigeria?
Education remains the bedrock of growth and development.a people that are educated are prosperous people, and this is also applicable to a nation, and for Nigeria to improve its economy , every Nigerian should be encouraged to access education, at least basic education.
What is the economy of Nigeria?
An economy is simply, that aspect of production, and that aspect of distribution, including commerce, and trade, and consumption of services and goods. Read More: Nigeria Economy Today: Outlook, Facts, Analysis, and Economic Potentials.
What is Nigeria blessed with?
For example, Nigeria is blessed with a large land mass for agriculture, therefore, what Nigeria needs is to advance in agriculture production, this can be done by inventing local farm equipment, and go on large scale production or value chain production.
What would happen if free education was encouraged?
When once free education is encouraged, beneficiaries would maximize practical knowledge gained in schools to better their lots, and apart from being self employed, they can also become employers of labour thus, reduced the rate of unemployment and poverty among Nigerian, and development of this nature do boost economy.