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...
Agriculture is one of the most important sectors of the Egyptian economy, directly accounting for approaching one third of employment and providing income for over half of the population. The sector benefits from plentiful water from the Nile (though elsewhere water is scarce), along the banks of which most agricultural activity takes place, as well...
By regional standards, Egypt has a high degree of self-sufficiency in food, including in cereals, but its import requirements are still high, with the country ranking as the world’s largest importer of wheat, due to the heavy consumption of subsidised bread by poorer Egyptians. This reliance is becoming especially problematic as a result of...
Access to finance is a challenge for the Egyptian economy as a whole, however, the problem is particularly acute in the agricultural sector; while the large-scale modern segment has access to credit, small-scale farmers – who represent the great bulk of farming activity in the country – have much more difficulty obtaining loans, in particular from...
Since 1998, Gabon has been at the forefront of global forest conservation efforts as it works to balance the priorities of ensuring the sustainability of its resource base and maximising the forestry sector’s economic contribution. One of the key pillars of the Industrial Gabon policy is to carry out more value-added processing at home – first-stage...
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