Agriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

On 29 September, the National Action Committee on the African Continental Free Trade Area (AfCFTA) held a virtual workshop on Agriculture and Agribusiness. The workshop brought together notable professionals in the agricultural sector to discuss sustainable solutions to the challenges of food insecurity and trade in Nigeria and Africa.

AfCFTA was created to expand intra-African trade and enhance competitiveness at the industry and enterprise levels by taking advantage of opportunities for scale production, continental market access, and better reallocation of resources. The National Action Committee on AfCFTA was set up to develop Nigeria’s strategy and mobilize all relevant public and private sector actors to implement interventions that will prepare Nigerian businesses for the AfCFTA.

Agriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria
Dr Kwesi Attah-Krah, IITA Director of Advocacy and Country Alignment – www.brandspurng.com

Agriculture is a priority sector in Africa, being a key driver for economic diversification. In Nigeria, agriculture remains the largest employer of labor, providing jobs for one-third of the population. “In the first quarter of 2020, agriculture contributed 21.69% of Nigeria’s GDP,” said Alhaji Muhammad Sabo Nanono, Honorable Minister, Ministry of Agriculture and Rural Development. Smallholder farmers account for 60–70% of production, and the program plans to provide mechanization services to these farmers for improved production, which will, in turn, improve the country’s economy.

In charting a way forward for the nation, the professionals discussed limiting factors in agriculture and trade in Nigeria. Toda Atsuko, representing Dr Adesina Akinwumi, President of African Development Bank (AfDB), identified some of the challenges limiting Africa’s agriculture from meeting up with its growing population, including low agricultural productivity and high cost of production. “Intra-African trade is growing but dominated by Southern and Eastern Africa; Nigeria needs to join in,” she said. Atsuko also mentioned that half of African trade is dominated by processed foods.

Read Also:  SON Proclaim Its Readiness For AfCFTA
- Advertisement -

Kwesi Atta-Krah, IITA Director of Advocacy and Country Alignment, stated that Africa needs to find ways to increase agricultural production, fair trade, and investment. “Transformation must begin from the mind, with us seeing agriculture as a business and job creation area,” he said.

Using IITA as an example, Atta-Krah explained that agriculture should not only be research-based but should also involve delivery. “Using a model of research mobilization to agribusiness, IITA has been providing jobs, especially for youth in agriculture through the IITA Youth Agripreneurs (IYA) program, Young Africa Works (YAW) in partnership with MasterCard, and the Start Them Early Program (STEP).“

Discussing the opportunities available in agriculture for Nigeria and Africa at large, and how to leverage them to scale production and trade, Otunba Adebayo Adeniyi, Honorable Minister, Ministry of Industry, Trade and Investment, mentioned that Nigeria is at an advantage because its market is a target for all countries of Africa, being the largest economy in the Continent. HE Abubakar Atiku Bagudu, Governor of Kebbi State and Vice Chairman of the Food Security Council, mentioned that agriculture could be used to seal the free-trade agreement in Africa since it is a continent with many food-insecure people.

Read Also:  Food Price Update - Price Of Onions Increases By 26% In Lagos Within The Past 1 Month

Aside from general farming, some specific aspects of agriculture were analyzed, including poultry and fishery. Implementation of the conclusions drawn from these discussions will result in an agricultural revolution that will strengthen security, improve the skills of farmers and the economy, as well as increase mechanised agriculture across Nigeria.

- Advertisement -
Agriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria - Brand SpurAgriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Agriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria - Brand SpurAgriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria - Brand Spur

Latest News

FinTech Investments in Q3 2020 Drop by 16% Quarter-over-Quarter to $12.15 Billion

The total value of fintech investments worldwide sank to $12.15 billion in Q3 2020, a 16% drop compared to...

Pokemon Go Lifetime Revenue Crosses $4 Billion as Year-To-Date Revenue Surges by 30%

The year 2020 has been the most profitable year for Pokemon Go since its launch in 2016. The mobile game generated $1 billion in...

Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020

The Umuahia, Abia State-based Golden Guinea Breweries Plc has released its unaudited financial statements for the year ended September 30th, 2020. The brewer recorded Revenue...

Nigeria Gross Domestic Product: COVID-19 drags economy further by 3.62%

The Nigerian economy slid into its second recession in five years, following the 3.62% y/y contraction recorded in Q3’20 (Q3’19: +2.28% y/y). The economy...

Shoprite surprises customers on a bumper Black Friday

Shoprite Nigeria’s supermarkets have offered early Black Friday deals and big discounts on everyday essentials as customers are increasingly looking for value, given the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Agriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria - Brand SpurAgriculture stakeholders discuss possible solutions to food insecurity and trade challenges in Nigeria - Brand Spur