Nigeria is a major export of cash crops such as palm oil, palm kernel, rubber, groundnut and cocoa. These exports brought in foreign exchange to Nigeria, and the building of some factories that is making used of these export crops in Nigeria now let is proportion of it export reduced. Nigeria now imports some food items considered to be essential such food items include rice, groundnut oil, milk and wheat.
In the past decade Nigeria lost her pride of Agriculture, due to the oil boom. She exported crude oil over the globe, until the economy crisis that hit the world in 2008. This make commodity prices high in the world at 2008 and the government of Nigeria during the administration of Umaru Musa Yar’ Adua 2008, food prices (rice) skyrocketed worldwide. The Government imported strategy on ensuring food security into the country by making supply arrangements of sufficient quantities internationally (some metric tones of rice were imported between May and October, 2008) The Government strategy of ensuring food was very successful, and the food prices (rice) was subsidized to the consumer at N6, 000 per bag.
To ensure more food in the country the Government move ahead to gives fertilizer and cassava stem to farmer to plant.
In the past decade Nigeria lost her pride of Agriculture, due to the oil boom. She exported crude oil over the globe, until the economy crisis that hit the world in 2008. This make commodity prices high in the world at 2008 and the government of Nigeria during the administration of Umaru Musa Yar’ Adua 2008, food prices (rice) skyrocketed worldwide. The Government imported strategy on ensuring food security into the country by making supply arrangements of sufficient quantities internationally (some metric tones of rice were imported between May and October, 2008) The Government strategy of ensuring food was very successful, and the food prices (rice) was subsidized to the consumer at N6, 000 per bag.
To ensure more food in the country the Government move ahead to gives fertilizer and cassava stem to farmer to plant.
To learn more, click here.
0 comments:
Post a Comment