The right funding for agriculture in nigeria by sotonye anga

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The right funding for agriculture in nigeria by sotonye anga

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This paper examines the current realities of Nigeria’s Cashew Economy as it relates to the growth and value chain expansion paradigm. To this end, this paper looks at how Nigeria’s socio-political and economic realities has propelled the national economic thrust towards further enhancement of gains and profitability of commercial crops such as cashew as means of generating more gainful employment, foreign exchange and sustainable economic growth. Also, focus will be on how the National Cashew Association of Nigeria, an umbrella body for Nigeria’s Cashew Industry is impacting the growing interest on cashew as a profitable agribusiness in Nigeria. This paper likewise evaluates the issues that constitute major constrain to the rapid growth of the cashew agribusiness in Nigeria. Lastly, this paper articulates the practical approaches that will facilitate the enabling of a sustainable positive growth of the cashew agribusiness in Nigeria.

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It is time to build Nigeria’s multi-Trillion Naira Agribusiness economy and prosper our people…. Living on N100 a day, Nigeria spends 17 Billion Naira to feed its people, 510 Billion Naira every month and 6.2 Trillion Naira every year. By 2050 when our population hits the 340 Million mark we will be spending over 12 Trillion Naira to feed our people. We need to focus on growing what we need to feed ourselves and eat what we produce. We need to empower our farmers and Agribusinesses to take advantage of the huge domestic opportunity for agribusiness. This is how we can stimulate economic growth for Nigeria and prosperity for our farmers.

How agribusiness can impact positively on nigeria’s economy by sotonye anga

Achieving food security does not require a decade; I believe it can be done in less than 2 years. Therefore, for the office of the Minister of Agriculture we need a visionary leader, who is experienced and skilled in the field of Agri-business as well as determined to drive growth in the sector, creatively attract and engage youths in different aspects of Agribusiness and provide an enabling environment for private sector agribusinesses to thrive.

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