Opinion
Agriculture: The Alternative Economic Hub
In the face of current economic challenges in the country, there have been calls among stakeholders for the diversification of the economy from its oil-based monolithic status.
Since the discovery of oil in Nigeria in 1956 and the oil boom in the 1970s, oil has dominated the economy of the country. Nigeria presently operates a monolithic economy with over 95% dependence on oil. Oil accounts for more than 90% of the country’s export, 25% of Gross Domestic Products (GDP) and 80 per cent of government total revenues.
Consequently, this has led to substantial instability in the country’s economy, a concurrent decline in other economic sectors, and the collapse of infrastructure and social services.
Worthy of attention is the fact that oil is gradually losing its relevance as the major driver of the economy globally due to discoveries like solar energy and other alternative energy sources for vehicles and various uses. Solar energy, for instance, evolves to become one of the most cost effective and efficient sources of energy.
These developments have affected the prices of oil in the international market. The U.S Energy Information Administration (EIA) has predicted that between now and 2022, solar energy and other renewables will account for the majority of new power.
Before the discovery of oil, Nigeria’s major economic earnings was agriculture but the advent of oil led to the neglect of the obvious potentials in agriculture. Agriculture has suffered from years of mismanagement, inconsistent and poorly conceived government policies, and the lack of basic infrastructure.
Still, the sector forms about 42% GDP and two thirds of employment. Agriculture provides a significant fraction (approximately 10%) of non-oil growth. Poultry and cocoa are just two areas where production is not keeping pace with domestic or international demand. Fishery also has great potentials but is poorly managed.
It is no secret that Nigeria is blessed with arable land and resources for agriculture and there is no tropical agricultural crop known to man that cannot be grown in Nigeria.
Agricultural development in order to be enhanced should be based on the concept of comparative advantage of the North, South, East.
The North occupies 70% of Nigeria’s land mass giving it a comparative advantage in terms of agriculture, raw materials and livestock . A large chunk of the north is arable and supportive of year – round food production. With a transition from subsistence to mechanized agriculture, northern Nigeria alone can produce enough food to feed the whole of Africa.
The south is blessed with abundant water resources, adequate rainfall, numerous rivers and ponds to enhance aquaculture. Aquaculture has been the world’s fastest growing food production sector for nearly two decades. The contribution of fish farming and fisheries to the nation’s economy is very significant in terms of employment, income generation, poverty elevation, foreign exchange earnings and provision of raw material for the animal feed industry.
The Eastern region is also not left out as it is a major source of palm oil production. In the 1950s, Nigeria held centre stage as one of the largest producers and exporters of palm oil accounting for more than 4% of the country’s independence from British colonial rule in 1960. Palm oil contributed 82% of national export revenue.
Having considered all these, it is imperative that all parts and regions of Nigeria should be made to embrace agriculture. Government should mobilize people from every region and give incentives.
The Green Revolution introduced by the Shagari administration in the 80s should be revived. The programme which was intended to ensure self-sufficiency in food production and introduce modern technology into the Nigerian agriculture sector largely through the introduction of modern imputs such as high yielding varieties of seeds, fertilizers and tractors should be reenacted.
There should be proper sensitization and mobilization of the rural areas to be actively engaged in agro-based activities and the provision of loans and incentives for “Real Farmers”. These funds should be monitored to ensure that they are not hijacked and diverted by portfolios carrying farmers.
Currently, Nigeria wastes a staggering 1.3 trillion on food imports, virtually one third of the annual budgets. Therefore, government should reduce the rate of importation of food and invest this money in agricultural development. All stakeholders must be sincere to ensure that agricultural revolution in Nigeria is not politicized.
It is obvious that with the phasing out of oil in the global scene, the economic future of Nigeria can only be secured through massive investment in agriculture. Agriculture can be the most reliable way to sustainable development and economic advancement. It covers all aspects of human activities and also serves as the basis of humanity. Therefore, Nigeria should give it first place by developing and exploiting the sector.
Enebechi is a student of Abia State University, Uturu.
Esther Enebechi
Opinion
Time and Season Can Tell
Opinion
Why Adaeze Deserves A Second Chance
Opinion
Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
-
Politics4 days agoAPC Releases Adjusted Timetable For Nationwide Congresses, Convention
-
Sports20 hours ago2026 WC: Nigeria, DR Congo Awaits FIFA Verdict Today
-
Sports4 days ago
DG NIS Wants NSC Board Constituted, Seeks Increased In Funding
-
Business4 days agoCustoms Seek Support To Curb Smuggling In Ogun
-
Featured4 days agoINEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
-
Sports4 days agoSWAN Rivers Set-up Five Functional Committees
-
News4 days ago
Police Bust Kidnapping Syndicate In PH
-
Sports4 days ago
NSC Disburses N200m Training Grants To 26 Athletes
