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Nigerian
agriculture is characterized by considerable regional and crop diversity. Analysis of this sector, particularly the
food sub-sector, is fraught with serious data problems. However, the available statistics provide a
broad overview of development in agriculture upon which we can make some broad
generalizations about its role in economic development and structural change in
Nigeria.
In the
1960s, the agricultural sector was the most important in terms of contributions
to domestic production, employment and foreign exchange earnings. The situation remained almost the same three
decades later with the exception that it is no longer the principal foreign
exchange earner, a role now being played by oil.
The
sector remained stagnant during the oil boom decade of the 1970s, and this
accounted largely for the declining share of its contributions. The trend in the share of agriculture in the
GDP shows a substantial variation and long-term decline from 60% in the early
1960s through 48.8% in the 1970s and 22.2% in the 1980s. Unstable and often
inappropriate economic policies (of pricing, trade and exchange rate), the
relative neglect of the sector and the negative impact of oil boom were also
important factors responsible for the decline in its contributions.
On its
diversity, Nigerian agriculture features tree and food crops, forestry,
livestock and fisheries. In 1993 at 1984
constant factor cost, crops (the major source of food) accounted for about 30%
of the Gross Domestic Products (GDP), livestock about 5%, forestry and wildlife
about 1.3% and fisheries accounted 1.2%.
One of
the food crops grown in Nigeria is Cassava tubers. Nigeria has an annual maize
production in excess of 7 million metric tons and ranges as the ten largest
producers in the world and Foraminifera Market Research seeks to
expose the investment opportunity in the supply of the product to local
industries in Nigeria.
Cassava tubers ( Manihot Esculenta ) is produced in
virtually all the states in Nigeria, though some states produce more than
others.
Some of states that cassava tubers is produced in large
quantity in Nigeria includes Anambra, Imo, Oyo, Ogun, Ekiti, Osun, Ebonyi,
Ondo, Delta, Edo, Enugu, Kogi and Abia.
The new emerging cassava noodles
and bread market has created more market for cassava tuber apart from the
pharmaceuticals, packaging and textile sectors where they are used in larger
quantity.
The return on investment on the trading of cassava tubers
in Nigeria is estimated between 10%- 15%.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
SUPPLY CASSAVA TUBERS TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.
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At
Foraminifera Market Research {www.foramfera.com}, we provide bespoke
and up to date market research reports for beginners and on-going
businesses in different sectors of the Nigerian economy.
Our
reports are designed to assist start-ups to understand the legal and
financial requirements of starting the business, the market trends
vis-a-vis demand and supply, competition, risk identification and
mitigation strategies.
You
can order our detailed feasibility report on the cassava tubers trading
to local industries in Nigeria by clicking on the link below.
Report Code: FORA/08/2011/12
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We
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