Post by Trade Coach on Jul 26, 2019 18:45:45 GMT 1
Agricultural products are part of the strong base of the Nigerian economy. Up to 30% of the population is engaged in this industry, supplying food not only for most Nigerians but also exporting crops and fruits to other countries as well.
There are different sizes of sectors in the Nigerian agriculture: small, medium, and large scale businesses. Usually, small farms produce more products. It is estimated that they are responsible for about 80% of the total agricultural products. The large scale farms are not very popular in Nigeria, because of the underdevelopment of the economic system.
Although, the agricultural sector is facing various challenges recently, it is still developing very fast. Nigeria's diverse climate, which varies from tropical to subtropical makes it easy to grow almost all agricultural products in the country.
The two main groups of agricultural products in Nigeria are Products for national consumption and Products for export
Nigeria Export of Crops
Nigerian farmers keep on growing and producing more products. Nigeria does not only satisfy local people's needs but it now exports food to other people in the world.
There have been a lot of efforts made to improve the agriculture sector and the export sector. These days, Nigerian farmers and big companies do not only supply food to the local population, but export food to different countries.
Due to a large number of cash crops and fruits in Nigeria, the agricultural sector is very beneficial. All we need to do is to appreciate our resources, choose agriculture as a sector to build your business in and. You do not necessarily need to have a big farm to become successful in agricultural export.
Export is very profitable, therefore, it is crucial to export some products and earn money. Let’s look at the kind of products Nigerians grow and export.
Cash Crops in Nigeria
Cash crops are the crops grown not only to have a food for themselves but to earn some money out of it as well. There are different cash crops in Nigeria, which can be divided into two types:
Root cash crops: Examples are Cocoyam, Cassava, Yams, Sweet potatoes.
Tree crops: Examples are Cocoa, Rubber, Oil Palm.
The tree crops are mostly grown in Nigeria and are not easily found in other countries. Cocoa and oil palm bring good money, and most farmers believe that in future it will bring even more money than cassava production. It is worthy to note that farmers contribute a lot to the agricultural sector of the country and therefore earn a lot of money.
In conclusion
Nigeria is a country rich in different agricultural products. Although the Nigerian economy depends heavily on the oil industry, it is obvious that due to great human and natural resources, the agricultural sector will develop in future.
Currently, Nigeria is considered to be the biggest producer of Shea nuts. Additionally, the country is also the world second largest producer of millet, sweet potato, cashew nuts, and ground nuts.
You can do very well financially by investing in the export of agricultural produces to different parts of the world.
There are different sizes of sectors in the Nigerian agriculture: small, medium, and large scale businesses. Usually, small farms produce more products. It is estimated that they are responsible for about 80% of the total agricultural products. The large scale farms are not very popular in Nigeria, because of the underdevelopment of the economic system.
Although, the agricultural sector is facing various challenges recently, it is still developing very fast. Nigeria's diverse climate, which varies from tropical to subtropical makes it easy to grow almost all agricultural products in the country.
The two main groups of agricultural products in Nigeria are Products for national consumption and Products for export
Nigeria Export of Crops
Nigerian farmers keep on growing and producing more products. Nigeria does not only satisfy local people's needs but it now exports food to other people in the world.
There have been a lot of efforts made to improve the agriculture sector and the export sector. These days, Nigerian farmers and big companies do not only supply food to the local population, but export food to different countries.
Due to a large number of cash crops and fruits in Nigeria, the agricultural sector is very beneficial. All we need to do is to appreciate our resources, choose agriculture as a sector to build your business in and. You do not necessarily need to have a big farm to become successful in agricultural export.
Export is very profitable, therefore, it is crucial to export some products and earn money. Let’s look at the kind of products Nigerians grow and export.
Cash Crops in Nigeria
Cash crops are the crops grown not only to have a food for themselves but to earn some money out of it as well. There are different cash crops in Nigeria, which can be divided into two types:
Root cash crops: Examples are Cocoyam, Cassava, Yams, Sweet potatoes.
Tree crops: Examples are Cocoa, Rubber, Oil Palm.
The tree crops are mostly grown in Nigeria and are not easily found in other countries. Cocoa and oil palm bring good money, and most farmers believe that in future it will bring even more money than cassava production. It is worthy to note that farmers contribute a lot to the agricultural sector of the country and therefore earn a lot of money.
In conclusion
Nigeria is a country rich in different agricultural products. Although the Nigerian economy depends heavily on the oil industry, it is obvious that due to great human and natural resources, the agricultural sector will develop in future.
Currently, Nigeria is considered to be the biggest producer of Shea nuts. Additionally, the country is also the world second largest producer of millet, sweet potato, cashew nuts, and ground nuts.
You can do very well financially by investing in the export of agricultural produces to different parts of the world.