With a population of over 200m and abundant natural resources, Nigeria is Africa’s largest economy. The country has developed an investment-friendly business climate over two decades of civilian rule and in the nearly 60 years since independence, boosted by oil and gas wealth, and the entrepreneurial spirit of its young population. However,...
Against a backdrop of increasingly severe and financially straining climate events and natural disasters, technology is poised to play an important role in maintaining and improving global agricultural output. The adoption of digital and precision farming practices has been shown to improve crop resiliency, and boost productivity and incomes,...
Long a critical sector for the Nigerian economy, agriculture recorded steady growth throughout the country’s recent recession and supported macroeconomic stability against a backdrop of volatility in the global oil market. Although the sector’s workforce, exports and GDP contribution have fallen in recent decades as oil and gas production...
The UN Food and Agriculture Organisation (FAO) reports that Nigeria is Africa’s leading rice consumer and one of its largest rice producers. It describes rice as an “essential” cash crop for Nigeria, with small-scale farmers accounting for 80% of production but just 20% of consumption. Shifting consumption trends have seen domestic rice demand...
To what extent is the lack of data affecting policy-making and investment in agriculture?
The federal government of Nigeria has prioritised agricultural development under its Economic Recovery and Growth Plan, which seeks to create new jobs in labour-intensive sectors including agriculture, boost agriculture’s GDP contribution to more than 8% by 2020, up from current levels of between 3% and 4% annually, and make the country a net...
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