Agriculture as New Forex Goldmine: Policy shifts for economic transformation (2)

In the prequel to this publication titled ‘Agriculture as Nigeria’s New Forex Goldmine: Balancing Local Needs and Global Market Opportunities’, I established the general belief of stakeholders in Nigeria’s non-oil export sector that exporting agricultural produce will not exacerbate Nigeria’s food crisis. However, for both to concurrently thrive, certain policy shifts must come to light, influenced by not only the government as actors but also all other players across Nigeria’s agricultural and economic sectors.

In this concluding part, referencing other countries, I reflect on the aforementioned challenges in Part 1 and offer answers that can serve as foundational blocks for Nigeria to balance food exportation to generate foreign exchange while not neglecting local consumption to ensure food sufficiency and security.

The Gambia has taken impressive and successful strides in modernising its agriculture, emphasising greenhouse agriculture, with 97% of its agricultural produce exported. Ghana’s deliberate approach to exporting agrarian products comes to mind, enabling the country to dominate the African yams market in North America.

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