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  • Essay / Opportunities in Nigerian Agriculture

    A nation that cannot feed its citizens does not qualify to be called a wealthy nation. Simply put, the agricultural sector is what sustains most of the world's most developed countries today. Since the oil boom of the 1970s, Nigeria's agricultural potential has been completely neglected and untapped, resulting in the country's inability to meet the ever-increasing demand for agricultural products. Little do Nigerians know that they are a people blessed with fertile soil and favorable climatic conditions, ideal for growing crops and raising animals. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essay The country has three essential ingredients not only for the development of agricultural resources, but also for the marketing and processing of the food produced. The three essential ingredients are: Land, water and population. Unfortunately, a country which has 84 million hectares of arable land of which (60%) 50.4 million hectares are uncultivated, an entire year of sunshine, 230 billion cubic meters of water and almost of 200 million inhabitants, spends more than 10 billion dollars per year. import food products and items that can be grown locally with a readily available market. Heavy investments are necessary at all levels to reorganize this sector in order to improve its production and increase its contribution to GDP. Without dwelling too much on the neglect of agriculture and how it affects us as a nation, let us review the various business opportunities in Nigeria's agricultural sector. Now the important question: When it comes to agribusiness ideas, what are the best investment choices available? After a careful review and analysis of all the agribusiness ideas available in the country, here are the best practical ideas you should consider investing in: Crop Production: There is a lot of anticipation for the industrialization of Nigeria and a incessant call for food sufficiency in Nigeria. the country. All this can be achieved through the production of food crops and raw materials that can be used for industrial purposes. It makes perfect sense to view this as a profitable business opportunity. Food processing and preservation: To effectively utilize harvested crops, they can be used as industrial raw materials, processed and packaged for different purposes and preserved for sale or export. The business opportunity here lies in the production value chain. Fisheries and Livestock Production: Livestock production and fisheries present a business opportunity with great growth potential for Nigerians. With plenty of pastures for animals, streams, rivers and lakes to support fishing. Transportation: It is necessary to transport agricultural products to and from agricultural lands, urban areas where they will be consumed and factories or warehouses, etc. by investing in trucks, lorries and other machinery that enables efficient movement of agricultural produce is a great business opportunity as it involves the trade of goods and services. On-farm and off-farm processing: The processing of agricultural products can give a variety of values ​​to the same product; a good investment option is to plan the development of small-scale automated technologies for on-farm processing, as well as off-farm processing of products from.