| Investment Opportunities In
Agriculture
Cereals
Grain Legumes or Pulses
Root Tubers
Industrial Crops
The agricultural potential
of Nigeria is barely being tapped and this explains the inability
of the country to meet the ever increasing demand for agricultural
produce. Although the agricultural sector remains a dominant employer
of labour, serious investment is needed across the board to enhance
production and increase the contribution of the sector to GDP. Investment
is required in the following priority activities:
- Crop production to achieve food
security and to provide industrial raw materials.
- Potentials exist for the following
crops: Cereals: Maize, rice, sorghum, corn, millet, wheat. Root
crop: Cassava, yam, ginger, potato, cocoyam. Legumes:
soya beans, groundnuts, cowpeas. Fruits: Mango, banana, oranges,
guava, pawpaw, pineapple Vegetables: Cabbage, green pepper,
carrots, lettuce, spice, onions, mellons.
- Tree Crops: Oil palm, cocoa,
rubber, coconut, kolanut, coffee, sheanuts, beniseed, cotton,
cashew nut, sugar cane.
Others
Commercial growing
of flowers and ornamentals and experimental orchards for more
temperate fruits - apples, grape vines and pears have been successfully
established in the high plateau regions
-
Food Processing
and Preservation industries will use agricultural ce as raw
ma als.
-
Livestock and
Fisheries production which posses great potentials for development.
Grazing lands are abundant, facilites for animal feed producion
are plentiful, the in-land rivers lakes and coastal creeks are
sufficient to augment ocean fishery resources.
-
Agricultural
inputs supplies and machinery, water resources development especially
for flood control infrastrure and irrigation.
-
Commodity trading
and transportation
-
Development
and fabrication of appropriate small scale mechanised technologies
for on farm processing of agricultural produce.
-
Exploitation
of timber and wood processing activities. A wide range of wood
resources abound.
Average
Annual (1990 –1998) Output of Major Agricultural commodities in
Nigeria (in 1000 tonnes)
Cereals
| Maize |
5954 |
| Millet |
5134 |
| Rice |
3048 |
| Wheat |
205 |
| Sorghum |
7096 |
Grain
Legumes or Pulses
Root
Tubers
| Yams |
21100 |
| Cassava |
214 |
| Cocoyam |
1589 |
| Irish Potato |
85 |
| Sweet Potato |
812 |
Industrial Crops
| Cotton |
287 |
| Groundnut |
1716 |
| Cocoa |
288 |
| Coffee |
346 |
| Sugar Cane |
7 |
| Palm kernel |
742 |
| Sheanut |
265 |
| Rubber |
170 |
| Ginger |
49 |
| Benniseed |
58 |
| Palm Oil |
784 |
| Coconut |
141 |
These are widely used
in food and beverage sub-sectors like flour mills, breweries, chemicals,
pharmaceuticals, pulp and paper; wood products and industrial starch.
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