Nigeria’s attempt at monoculture economy, i.e. a country’s reliance on one main source of revenue (Crude Oil); has turned back to bite the country real hard. Price plummet is even beginning to tell on the economy, and show that crude oil isn’t the best commodity to bank on. The government rather than gambling and trying over and over on the Oil and Gas sector, needs to focus on revamping the agricultural sector to push up the continually dipping economy.
As a child, my mom being an agriculturist always emphasised the importance and essence of agriculture.it's a known fact that Nigerian economy is blessed with series of natural resources, yet they suffer in the midst of plenty despite our knowledge of the essence and importance of the sector.
Nigeria has a high poverty rate in comparison with other African countries despite our higher GDP.Currently, Nigeria has over 80% of it’s land arable but unfortunately less than 40% of the land is cultivated despite the country's teaming population and level of unemployment
The fact that Nigeria is richly blessed with abundant human and natural resources to sponsor agricultural gains is one point that has been consistently repeated in various fora,now my question is:why do we neglect the sector that has the ability to break the shackles of hunger and poverty in our country?
Happy New month fam.