As a young child growing up, I have been made to believe that agriculture is the mainstay of Nigeria’s economy. From my secondary school Economics class to Agricultural Science class, it’s the same song.
We were taught that agriculture is by far the most important sector of Nigeria’s economy, engaging about70% of the labour force. Despite the supposed importance of agriculture, none of us was interested in becoming a farmer! In debate competitions, those who argued in favour of ‘Doctors are more beneficial to the society than farmers’ always carried the day. Several times, I would reflect on this as a child, but the more I thought about it the more confused I became.
In the fourth quarter of 2020, over 33 percent of the labor force was unemployed, according to the Nigerian methodology.
Value-added agriculture generally focuses on production or manufacturing processes, marketing or services that increase the value of primary agricultural commodities, perhaps by increasing appeal to the consumer and the consumer’s willingness to pay a premium over similar but undifferentiated products. This comes with a lot of advantages. It takes cognizance of people, process and products.
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