Nigeria’s Agricultural imperative: The case for a 10-Year master plan

A 10-year master plan for Nigeria’s agricultural sector is essential to reposition agriculture as a cornerstone of the economy. Despite its historical significance and employment of a large portion of the labor force, the sector has suffered from neglect and underfunding. The master plan aims to ensure food security, reduce food prices, combat inflation, and increase rural incomes. Key areas of focus include increased agricultural inputs, mechanization, and better financing. Collaboration with private and international agricultural organizations is vital. By committing 10% of annual budgets to agriculture, Nigeria can transform its economy and alleviate poverty. Source: BusinessDay

Our Review
The call for a 10-Year Master Plan for Nigeria’s agriculture sector is crucial. Agriculture has historically been a key economic driver but has suffered due to underfunding and neglect. With 70% of households engaged in agriculture and employing nearly 38% of the labor force, the sector’s revitalization can ensure food security, reduce prices, and combat inflation. Addressing issues like low fertilizer use and mechanization, the plan should incorporate inputs from international bodies and private sectors, aiming to allocate at least 10% of annual budgets to agriculture.