Why Agriculture in Nigeria is Important

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Why Agriculture in Nigeria is Important – Nigeria’s economy revolves around agriculture, which is the primary source of income for most Nigerians. About 70 percent of the country’s labor force is employed in the agricultural industry. 80 percent of the food produced in Nigeria comes from small farms, and 33 percent of the country’s acreage is devoted to this purpose. This is the most productive and profitable agricultural industry in Africa. In Nigeria, agriculture is the backbone of the economy, as well as a source of stability for the population.
Two Reasons of Agriculture Importance
  1. With a population of over 200 million people, Nigeria is double the size of Zimbabwe and South Africa put together. More than 80 percent of Nigerians buy their farm products from the market. Aufgrund of the high demand for farm products, this country has a great edge in terms of agriculture profitability.
  2. In Nigeria, enormous tracts of rich land are available for farming. Over 900 thousand square kilometers of Nigeria’s land can be cultivated to provide nourishment for the country’s inhabitants. An almost limitless quantity of farming food, agricultural products and jobs is available on this terrain.
Top Two Most Profitable Types of Farming in Nigeria
  1. Nigeria is the continent’s leading consumer of rapeseed oil. Rice is mostly produced by small-scale farmers, who sell 80 percent of their overall harvest while only consuming 20 percent of their own product. The immense population of Nigeria, as well as the entire continent of Africa, offers a huge market for rice consumption, which benefits the entire world.
  2. Cascava is produced in great quantities in Nigeria, which is the world’s top producer. This West African country produces cassava for 20 percent of the world’s demand, 34 percent of Africa’s need, and 46 percent of the demand in West Africa. Despite the fact that cassava has a large market in Nigeria, smallholders produce it mostly for their own consumption and for local sale in their communities. However, because of old technology and insufficient storage facilities, this industry faces numerous hurdles in the near future. As a result of these difficulties, agricultural output is low, and postharvest losses and waste are significant.
In order to increase the sufficiency of Nigeria’s agricultural productivity, the government and private sector must work together to find ways to improve the competitiveness of cassava on the international market while also increasing the efficiency of domestic rice production.

Read also: Crude Oil, a curse or a blessing to Nigeria.

Livestock development is also a significant component of Nigeria’s agricultural production. The domestic supply of livestock goods falls well short of the national demand, resulting in a significant increase in the amount of cattle and livestock products imported. The cattle industry has the potential to generate new opportunities for farmers while also providing future generations with more cheap and healthier diets.
Nigeria has a solid grip on its agricultural productivity thanks to the expansion of farming and animal herds. With the assistance of the country’s leaders, it is hoped that livestock and farming productivity will increase significantly in this West African country. Agriculture in Nigeria is so vital to the country’s economy and to the daily lives of its citizens that, despite its setbacks, it will eventually thrive.

Read also: Importance Of Farming

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