The Federal Ministry of Agriculture (FMARD) released a mid-term report evaluating its Agricultural Transformation Action Plan (ATAP) in May 2013. It aimed for a paradigm shift, in which the logic of the private sector would be applied to a traditionally public sector, and claimed that the result would be more jobs, more food and a better future for...
The largest contributor to Nigeria’s GDP, the agriculture sector accounted for a 40.1% share as of mid-2013, according to the Nigerian National Bureau of Statistics (NBS). It is also the main source of employment in the country, responsible for more than 60% of jobs, as per figures from the International Fund for Agricultural Development. Increases...
The removal of fuel subsidies in Nigeria made headlines in early 2012, but another halt to an expensive, inefficient state intervention took place in the agricultural sector. Fertiliser subsidies were the target of this reform and were replaced with the Growth Enhancement Support Scheme (GES). A first in Africa, the system helps ensure that farmers...
How can food price inflation and supply shortages be avoided in the short and medium terms?
As the single most populous nation in Africa, Nigeria recently overtook South Africa as the largest economy on the continent. Natural resources, oil and gas in particular, comprise the country’s single largest revenue-earner but the 170m person economy also has seen significant activity in recent years into the industrial, financial, telecoms and – as of 2013 – power sectors.
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