Unlocking Benefits of the Agriculture Value Chain
Global, Africa, Nigeria
Agriculture is the most important sector of the African economy and will drive its rise to economic power. In deed agriculture has been predicted as one of the major driving forces of Africa’s economic resurgence, complimented by a growing interest in the continent’s natural resources. For Nigeria, agriculture contributes about 22 percent of its GDP and over 50 percent of informal employment. However, about 90 percent of the agricultural output is accounted for by small scale farmers with less than two hectares under cropping. This situation presents huge gaps that can be exploited for good and also help in putting to an end the era of treating agriculture as a developmental programme, rather than a business venture.
With the economic recession the country is currently grappling with, there is consensus across board that there is no better time to leverage the potential of the agriculture sector, not just to pull out of recession, but also to diversify the economy and place it on the path of sustainable growth and development.
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