Agriculture is the way forward for reviving the economy

FarmGrid Africa
2 min readMay 21, 2023

--

Before the era of crude oil, Nigeria’s economy was primarily based on agriculture. Agriculture was the main source of income and employment for the majority of the population, with crops like cocoa, groundnuts, palm oil, and rubber being the main export commodities.

Nigeria was a leading exporter of agricultural products in the 1950s and 1960s, with agriculture accounting for more than 60% of the country’s Gross Domestic Product (GDP). The country was known as the “breadbasket of Africa,” and its agricultural exports helped to sustain the economy.

During this period, the government invested heavily in agriculture, building infrastructure like roads, railways, and irrigation systems to support agricultural production. The government also provided credit facilities and technical assistance to farmers to improve their farming practices and increase their yields.

However, the discovery of crude oil in the 1970s led to a shift in Nigeria’s economy, as the government shifted its focus to the oil industry. The government invested less in agriculture, and the sector was neglected, leading to a decline in agricultural production and exports.

Today, Nigeria is still heavily reliant on oil exports, but there has been a renewed focus on agriculture in recent years. The government has launched several initiatives to support the sector, including the Agricultural Transformation Agenda, which aims to increase agricultural productivity and diversify the economy away from oil.

In conclusion, before the era of crude oil, Nigeria’s economy was based primarily on agriculture, with crops like cocoa, groundnuts, palm oil, and rubber being the main export commodities. The country invested heavily in agriculture, building infrastructure and providing support to farmers to improve their yields. However, the discovery of crude oil in the 1970s led to a shift in focus away from agriculture, leading to a decline in the sector. Today, there is a renewed focus on agriculture in Nigeria, as the government seeks to increase agricultural productivity and diversify the economy away from oil.

As a youth, you were not opportuned to own an oil Well or belong to the oil producing landlords. That is understandable since these are distributed by nature. But agriculture is available to all by defaut. You could farm in your land or you buy one or you even rent one. There is no more an excuse for you not to participate in fod production.

FarmGrid has come to offer a life changing opportunit to even the busiest of persons and professionals- an opportunity to participate in food production just with a click on your mobile phone. Isn’t it wonderful?

Contact us today to discuss the best options for you.

Pharm. E.M.R Okokoh

--

--

FarmGrid Africa

Farm Grid is an organization of Agro-Tech experts that promote one health by assisting Farmers achieve their goal of healthy and safe food and livestock.