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THE FACTS AND FIGURES ON AGRICULTURE SECTOR OF THE NIGERIAN ECONOMY

1. Nigeria attracted over N800bn private sector investments into agric sector between 2012 and 2014

2. Federal Government is set to roll out the Nigerian Agricultural Entrepreneurs, Nagroprenuers initiative to attract youths to agriculture? The goal of the programme is to collect roughly 750, 000 pioneer young entrepreneurial farmers for the country

3. Some Celebrity Nigerian musicians have been diversifying quietly into farming and some of them now have their own Agro-based products in the market

4. Nigeria has a lot of arable land of about 84 million hectares and not more than 10 percent of that is cultivated. With the two abundant weathers, rainfall and sunshine seasons we have potential to be a global powerhouse in food and agriculture.

5. Nigeria is considering using Biotech (Genetically Modified Organism) to grow more food with less capital and labour.

6. The present mono-cultural economy of oil and gas is transient, total dependence on it is robbing the country of the development of its major resource, the human resource.

7. Local manufacturers are becoming increasingly aware of the availability of abundant raw materials in the country as they now source more inputs within the economy than from abroad.

8. Despite some of the various challenges that the business of agriculture is faced with, Agriculture still provides the best avenue for employment and wealth generation aside oil and gas.

FACTS AND FIGURES ON MINING SECTOR OF THE NIGERIAN ECONOMY

1. There is a constitutional amendment in process regarding “mines and minerals, including oil fields, oil mining, geological surveys and natural gas” This modified version indicates that in carrying out mining activities across the country by the Federal Government, government of states where such natural resources are deposited shall be involved.

 2. Some State Governors are set to embark on a project whereby the people are looking at other sources of revenue generation other than Oil. Most of these states have a lot of agricultural products – rubber, palm oil, cocoa, iron ore, etc which are all left untapped.

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