Agricultural revolution in Nigeria

| Foreign Markets |

The development of agricultural production is one of the basic and the most effective means of ensuring economic security of the nation. The vast potential of natural resources in Nigeria has begun to be leveraged in order to strengthen the position of agriculture in the country, following the government’s decision to allocate labor and resources to agriculture.

Increasing the yields

In mid-1960′ some Asian countries managed to double the agricultural production of rice, maize, wheat, soybeans and other crops, using new, more efficient varieties of rice and wheat as well as thanks to applying fertilizers of high quality. Using this story as an example, the Nigerian government decided to launch their “green revolution”.

174,000 tonnes of new, high-cropping plant seeds and 1.3 million tonnes of fertilizers were handed out to 14.5 million Nigerian farmers in 2012-2014. As a result, rice production rose twofold, wheat – threefold, while maize production grew by 60%. Experts agree that 21 millions tonnes of food worth 778 billion NGN (equivalent of about 4 billion USD) were produced in Nigeria at this time thanks to the program of supporting the national agriculture. Food production volume increased by 8 million tonnes in the first year of the program implementation only. What is more, the new regulations helped eradicate the obstacles in the distribution of fertilizers and other means necessary in agriculture, curbing the corruption in the sector.

Involving young people in farming

One of the government’s objectives is to create new educational opportunities for the youth regarding agricultural production. A new program, which has just been launched, involved providing support for 750,000 young farmers in the country and for the Nigerian leaders of agricultural business. Financial aid of 50 billion NGN (about 250 million USD) was allocated to renting the equipment to 1,200 agricultural enterprises in all regions of the country. Thanks to such activity, almost 3.5 million new jobs were created in the Nigerian agricultural sector in the last three years.