How we need to use agricultural cooperatives to get Nigeria out of this current economic rut

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Every single one of our local government areas will be obliged to organise their farmers into cooperative units.

Farmers will be encouraged to sell their produce, buy seedlings, pesticides and fertilisers, as well as farming equipment through their co-operatives to maximise efficiency and overhead costs.

Every local government area must build at least one food storage facility within its domain.

An agricultural tax will be paid to the local government to help provide and maintain the necessary services to support farming programmes.

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Agricultural cooperatives will be encouraged to move into value-added activities and will be provided with loans to facilitate this

A National bank of Agriculture will be established to offer loans to farming cooperatives at competitive rates.

Farmers will be encouraged to venture into organic agriculture because of the high premiums that these commands.

Cooperatives will be encouraged to buy their members high-yielding hybrid seedlings to enhance the unit-per-head output.

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Seed companies will be offered tax holidays to come and set up plants and facilities within Nigeria.

Processing companies and food manufacturers like Cadbury, Nestle, Mars, Kelloggs, Tate & Lyle, Unilever etc, will be encouraged to establish plants in Nigeria to facilitate vertically integrated production. Our ultimate goal is to export finished, packaged and shelf-ready products to international markets.

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