Nigeria’s Agricultural Sector Surged by 18.33% in Three Quarters of 2022 Despite incidents that shaped the nation’s agricultural sector, the food sector witnessed significant growth that ushered fresh hope for farmers in
Despite incidents that shaped the nation’s agricultural sector, the food sector witnessed significant growth that ushered fresh hope for farmers in 2023, writes There is no gain saying that Nigeria is not immune to the failing agri food systems across the globe. Climate change, Russia-Ukraine conflict, insecurity, drought and flood to mention but a few are still challenges hindering the growth of global food systems.
Capital importation into Nigeria’s agriculture sector increased by 3,161 per cent from $1.76 million in the first quarter of 2022 to $57.41 million in the second quarter of 2022. This meant that there was a 3,161 per cent growth within three months. Early in the year in January 2022, President, Muhammadu Buhari, unveiled the rice pyramid in Abuja, saying that it would drastically crash the rising price of rice in the countryB but sadly, the price of rice has continued to experience continued increase.
The Nigeria Economic Summit Group in its report titled “Implications of Russia-Ukraine War: Risks and Opportunities for Nigeria,” called on the federal government to take urgent steps towards improving food security in Nigeria and removing constraints on the production and supply of agricultural products to the market.
Stakeholders in the food sector have continued to lament on the need for Nigeria’s economic managers to redesign its security architecture to combat insecurity as many farmers are still unable to return to their farms owing to fear of being kidnapped or killed in the process. No doubt, the prices of food items have been affected as a result of this with more Nigerians struggling to have three square meals on a daily basis.
“We also had issues of community where some of these corporate organisations invested massively in plantations but are facing problems from the community with the community demanding all manners of things from these organisations. Access to land is also not easy for those who want to do mechanised agriculture,” he lamented.
In his words: “We also need to develop the value chain of agriculture, because agriculture is not only about primary production, but also about the value chain. Unless we develop the value chain, those at the primary end will also not make any meaningful progress. Post-harvest losses are extremely high, sometimes as high as about 50 per cent and it is more when you compare with fruits and vegetables.
“All their inputs, particularly every component of their inputs that are imported, have become extremely expensive. We expect the new administration to take the bull by the horn. There should also be special programmes to encourage youths to embrace agriculture.
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