Nigeriais a country blessed with an abundance of natural resources. The country has a tropical climate and is rich in minerals and agricultural resources. Nigeria is the world’s largest producer of cassava and yams, and it is also a major producer of Cocoa, Rubber, Palm Oil, and Groundnuts.
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The agricultural sector is the mainstay of the Nigerian economy, accounting for about 60% of the country’s GDP. The sector employs about 70% of the country’s workforce and is a major source of export earnings.
Agriculture plays a vital role in the economic development of Nigeria and is of great importance to the country’s food security. The sector provides raw materials for the country’s industries and is a major source of foreign exchange earnings.
In this article, we will be looking at the 10 importance of agriculture in Nigeria and how the sector contributes to the country’s economy.
10 Importance Of Agriculture In Nigeria
As I said earlier, Agriculture is a vital sector of Nigeria’s economy, as it employs a large portion of the country’s population and contributes significantly to the country’s gross domestic product (GDP). Here is list 10 importance of agriculture in nigeria.
1. Agriculture is a major source of income and employment:
In Nigeria, agriculture is the largest employer, with over 70% of the population working in the sector. It is also a major source of income for many families and communities in the country.
2. Agriculture is a major contributor to GDP:
In Nigeria, agriculture accounts for a significant share of GDP. In 2019, the sector contributed 22.9% to the country’s GDP, making it the second-largest contributor after the services sector.
3. Agriculture is a key source of food security:
Nigeria is a net food importer, and domestic food production is insufficient to meet the country’s food needs. However, agriculture is a critical source of food for the country and plays a crucial role in ensuring food security for the population.
4. Agriculture is a key source of raw materials for industries:
In Nigeria, many industries rely on agricultural products as raw materials. For example, the cotton and textile industry relies on cotton produced by farmers, while the food processing industry relies on crops like cassava and maize.
5. Agriculture plays a role in environmental sustainability:
Sustainable agriculture practices can help to preserve natural resources, such as soil and water, and reduce greenhouse gas emissions. This is important for the long-term sustainability of the sector and the overall environment in Nigeria.
6. Agriculture helps to boost rural development:
In Nigeria, agriculture is a major source of income and employment in rural areas. By investing in agriculture, the government can help to stimulate economic development in these areas and improve the standard of living for rural communities.
7. Agriculture helps to diversify the economy:
A strong agricultural sector can help to diversify the economy and reduce reliance on a single industry or commodity. This can help to make the economy more resilient to external shocks and fluctuations.
8. Agriculture has the potential to increase exports:
Nigeria has the potential to become a major exporter of agricultural products, such as oilseeds, cocoa, and rubber. This can help to generate foreign exchange earnings for the country and contribute to economic growth.
9. Agriculture can help to address food waste:
Nigeria has high levels of food waste, with an estimated 25-30% of food produced being lost or wasted along the supply chain. By improving the efficiency of the agricultural sector, it may be possible to reduce food waste and improve food security in the country.
10. Agriculture can help to reduce poverty:
In Nigeria, poverty is disproportionately concentrated in rural areas, where many people depend on agriculture for their livelihoods. By investing in the sector and increasing agricultural productivity, it may be possible to reduce poverty in these areas and improve the standard of living for many people.
Agriculture is a vital sector of the Nigerian economy, as it is the main source of livelihood for a large portion of the population and a major contributor to the country’s GDP.
It is also a key driver of economic growth and development in Nigeria, as it generates employment, income, and foreign exchange through the export of agricultural products.
The sector is diverse, with a range of crops, livestock, and aquaculture products being produced in different parts of the country. The importance of agriculture in Nigeria cannot be overstated, as it plays a critical role in food security, poverty reduction, and overall economic development.