Nigeria has a number of constraints hampering growth in the agricultural sector, ranging from transport networks to access to financing. However, chief among the challenges is limited productivity. The country suffers from sub-par yields, which curb farmers’ profitability and restrict efforts to achieve self-sufficiency in the sector.
As part of the process of improving food security and the profitability of the agriculture industry, the government is turning its attention to stoking not only production but also the consumption of staple crops. The government wants to play to the industry’s key strengths and, as such, is hoping to extract greater benefit from the most...
While oil may be Nigeria’s breadwinner, agriculture remains the most important component of the country’s economy. The sector is the country’s largest employer and accounts for 23.9% of GDP. And yet for many years the agriculture industry took a back seat to the country’s rise as a key global hydrocarbons producer.
While oil may be Nigeria’s breadwinner, agriculture remains the most important component of the country’s economy. The sector is the largest employer and accounts for 23.9% of GDP. And yet for many years the agriculture industry took a back seat to hydrocarbons, with Nigeria rising to be a key global producer. However, with the fall in the price of oil, the country’s high dependence on imports...
The most populous country and arguably the largest economy on the continent, Nigeria is widely regarded as an African powerhouse.
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