How does agriculture affect nigeria’s economy

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Agriculture has helped to diversify the Nigerian

Nigeria

Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa, bordering Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Its coast in the south is located on the Gulf of Guinea in the Atlantic Ocean. The federation comprises 36 states and …

economy. In the past, the Nigerian government use to depend majorly on the income from the oil sector neglecting the agricultural sector. But when oil prices started declining, the government started paying attention to the agricultural sector which has also helped to diversify the economy.

Agriculture remains the largest sector in Nigeria contributing an average of 24% to the nation’s GDP over the past seven years (2013 – 2019). In addition, the sector employs more than 36% of the country’s labour force, a feat which ranks the sector as the largest employer of labour in the country.

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Answer

What is happening to Nigeria’s agricultural sector?

Nigeria’s agricultural sector has been hurt by several shocks: sporadic flooding, Boko Haram (BH) insurgencies, and conflicts between herdsmen and local farmers. Food processing continues to suffer from a lack of financing and infrastructure. Food inflation rose to 22.95% in Q1, 2021.

What is the importance of rice farming in Nigeria?

This land provides Nigeria with practically an unlimited source of farming food, providing agricultural produces and jobs for the people. 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.

How much of GDP does agriculture contribute to the economy?

Between January and March 2021, the agriculture contributed to 22.35 percent of the total GDP, an increase by almost one percentage point compared to the same period of 2020. Agriculture is a key…

Why is livestock development important for Nigeria?

The livestock sector can create new opportunities for farmers and provide more affordable and healthier diets for future generations. Through farming and livestock development Nigeria has a stronghold on its agriculture productivity.

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What is the impact of agriculture in Nigeria economy?

Agriculture contributes 40% of the Gross Domestic Product (GDP) and employs about 70% of the working population in Nigeria (CIA, 2012). Agriculture is also the largest economic activity in the rural area where almost 50% of the population lives.


How does agriculture affect the economy?

What is agriculture’s share of the overall U.S. economy? Agriculture, food, and related industries contributed $1.055 trillion to the U.S. gross domestic product (GDP) in 2020, a 5.0-percent share. The output of America’s farms contributed $134.7 billion of this sum—about 0.6 percent of GDP.


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 …


What affects agriculture in Nigeria?

Despite the contribution to the economy, Nigeria’s agricultural sector faces many challenges which impact on its productivity. These include; poor land tenure system, low level of irrigation farming, climate change and land degradation.


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.


What is the importance of agriculture in national economy?

One of the central goals of every developing country is to reach high-income status. Agriculture plays a critical role in transforming economies to reach the goal, along with achieving other essential development goals like ensuring food security and improving nutrition.


What is importance of agriculture?

Agriculture provides most of the world’s food and fabrics. Cotton, wool, and leather are all agricultural products. Agriculture also provides wood for construction and paper products. These products, as well as the agricultural methods used, may vary from one part of the world to another.


How much does agriculture contribute to Nigeria GDP?

Nigeria’s agricultural sector contributes to a significant part of the country’s GDP. Between July and September 2021, the agriculture contributed to almost 30 percent of the total GDP, an increase by about six percentage point compared to the previous quarter.


Is agriculture profitable in Nigeria?

The agricultural sector is one of the most flourishing sectors of the Nigerian economy. With proper strategic planning, any individual having basic knowledge of farming and manufacturing operation can start a profitable agriculture business.


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, …


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.


Youth leaving agriculture for services sector

The drop in agriculture’s contribution to GDP is partly due to a decline in agricultural activities and a boom in the services sector, Ndem Ndiyo, professor of economics at the University of Calabar in southern Nigeria, told Africa Check.


Data not split between individual and household agricultural participation

The sample for the survey includes households that earn a living from those two activities, Leo Sanni, statistical information officer at the National Bureau of Statistics, told Africa Check.


Insecurity in the north also a factor

But having a farm or livestock is not the same as earning a living from agriculture, Okowa said.


Agricultural work seasonal, impacted by migration

Olanike Deji, professor of agricultural extension and rural sociology at the Obafemi Awolowo University in Ile-Ife, southwestern Nigeria, also highlighted the impact of rural to urban migration.


How many chapters are there in the study of agriculture?

This study was divided into five chapters. Chapter one covers the introduction of the study, the statement of the problem, the objectives of the study, research questions and hypothesis among others. The review of relevant and related studies covering the theories that explain the relationship between agriculture and economic growth are in Chapter two, while Chapter three discusses and explains the analytical framework and methodology adopted for the study. Chapter four concentrated on the empirical result and discussion of the study and Chapter five focuses on the summary, conclusion and recommendations on the basis of the study’s findings.


What is Nigeria’s strength?

Besides oil, the major strength of the Nigerian economy is its rich agricultural resource base, its human resource and its huge markets. However, these resources have to be effectively mobilized so as to diversify the economic base and reduce dependence on oil and import. The economy remains vulnerable to external shocks emanating from fluctuation in the world prices of crude oil and the rising prices of imports. The resulting external and internal in balances are manifested in the adverse balance of payment position, unemployment and low capacity utilization in virtually all sectors as well as the deteriorating purchasing power of the populace (Atte and Muhammed- Lawal, 2006).


Why is the study relevant in Nigeria?

The study is relevant in a true sense that it will help to promote agriculture in Nigeria. The study will help bring radical transformation for national growth, especially through its effect on rural incomes and provision of resources for transformation into an industrialized economy. This present study will help policy makers and government to address the challenges of climatic change, global recession and dwindling revenue which threatens food security. The Nigerian populace will benefit from this study because agricultural revolution will be able to provide the quality and quantity of food.

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