Business: Agriculture a Gold Mine for Nigeria

 

A comprehensive market research to know what agricultural products are fast selling will help you make a lot of money before that segment gets populated. Agricultural produce are products that the world needs. Without them, many industries can’t function, some governments can’t grow, and people can’t feed. Identifying a niche agricultural segment to drive high revenues would make a lot of people millionaires before others realize it’s already happening.

Food is one of the basic needs of human as they cannot do without it. Agriculture being the main source of food creates an opportunity for a good businessman/woman to make wealth by investing in it.

With the world’s market value of crude oil diminishing, various countries are driving their focus to other largely ignored revenue streams. Nigeria as a nation was greatly hit with this unfortunate turn of events in the energy industry, and as such, has reacted with a new line of action: Agriculture.

Agriculture in Nigeria as a source of income is still highly beneficial for the nation and Africa as a continent, because of the abundance of farmable lands and an increase in the number of yearly entrants. The benefit the industry poses has caused an emergency action by the government to introduce several attractive incentives for new and existing farmers in the sector.

Also the global population is increasing daily likewise food consumption. However there is no equilibrium between food consumption and food production thus resulting in food scarcity. To save the world from future food disaster there must be a large inflow of investors into the agricultural sector thereby creating a source of income for smart investors who will invest in the sector.

You should know that hunger is expensive, so a good government will try to avert food crises.

Source of employment and Employer of labour:

Agriculture in Nigeria continues to remain a great source of employment. People in rural and less populated communities depend on farmlands for their lively hood. While many work as staffs in large farms, families own small farms they till periodically.

With more and more crops grown and sold in local and international markets, the unemployment rate will continue to drop and the standard of living will only continue to rise in Nigeria and many parts of Africa. 

...................To Be Continue On Our Next Post.

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National Mail is an online news platform of Trade Nigeria that focuses on business development, Investment, trade, economic exchange and development.