By: Job Oyebisi. 25 March, 2019
Agriculture has always been a sustainability driver before the discovery of oil in Nigeria and will always remain a key element in sustaining the Nigerian economy. According to Federal Ministry of Agriculture and Rural Development, the Agricultural sector in Nigeria contributed about 23% of the country’s Gross Domestic Product, having approximately 75% share of non-oil exports earnings in 2015. Majority of the farmers are smallholder farmers living in poverty and due to lack of developed financial chains and inadequate financing to produce sufficient yield.
Inability to produce sufficient yield has been a major struggle faced by the smallholder farmers because it impedes on their expectation to profit from their produce in a reliable market. Adequate investments in farm input will help in improving yield for smallholders coupled with knowledge and training required for good farming practices, soil testing, utilizing fertilizers and adequate storage for grain once it is harvested.
This calls for collaborations and partnerships between governments, businesses, financial services, the civil society and the smallholder farmers. Combined interventions from these stakeholders will make help in improving yield for smallholder farmers which inadvertently makes farming profitable for them.