Now Accepting Apple Pay

Apple Pay is the easiest and most secure way to pay on StudyMoose in Safari.

Agriculture, Solution to Nigerian economy

Categories: Agriculture

Agriculture is one of Nigeria’s most powerful tools in addressing its goals of creating more employment, better public health, and greater economic growth. The transformation of agriculture would stimulate small- and medium-sized industries that are in fact the engine of economic growth. The need to focus on agriculture stems from the fact that the sector accounts for 70 per cent of the people in the rural areas, the growing demand for food and, more importantly, the about 44 per cent contribution of agriculture to Nigeria’s Gross Domestic Product (GDP).

In order to achieve economic transformation, it would require more investments in agricultural research and development and the development of infrastructure. Nigeria needs to build its defence against biological threats to crops just as is being done for the military. Agriculture in Nigeria in recent decades has been a neglected sector and the gains have been constrained by weak institutions and inadequate infrastructure.

These constraints are well known, less known are the limited application of technologies, the low skill base in the sector, and its aging population.

Get quality help now
writer-marian
Verified writer

Proficient in: Agriculture

4.8 (309)

“ Writer-marian did a very good job with my paper, she got straight to the point, she made it clear and organized ”

+84 relevant experts are online
Hire writer

The young are fleeing rural areas and the production side of the sector. Similarly, financial institutions view the agricultural sector as risky addressing and so it receives a very small portion of commercial credit. Getting the young interested in agriculture and developing a supportive financial system to facilitate the access of farmers, traders, and processors to credit could go a long way in several national needs. Effort should be made in Nigeria to depend less on development partners, to move from comparative agricultural production to competitive production, to improve human capital, and to tap into the vast human resources available – the youths – for development.

Get to Know The Price Estimate For Your Paper
Topic
Number of pages
Email Invalid email

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy. We’ll occasionally send you promo and account related email

"You must agree to out terms of services and privacy policy"
Check writers' offers

You won’t be charged yet!

Government should also make efforts in repositioning agriculture as a prime mover for Nigeria’s growth and development. The transformation of agriculture would bring many benefits to the country. Such benefits could include the reduction in the level of unemployment and conservation of foreign exchange, among others.

Cite this page

Agriculture, Solution to Nigerian economy. (2016, Mar 21). Retrieved from https://studymoose.com/agriculture-solution-to-nigerian-economy-essay

Agriculture, Solution to Nigerian economy

👋 Hi! I’m your smart assistant Amy!

Don’t know where to start? Type your requirements and I’ll connect you to an academic expert within 3 minutes.

get help with your assignment