As a graduate of Animal Science and a passionate practicing farmer, I have come to identify the two key challenges to the development and success of Agriculture as a business in Nigeria.
Pre-production: Funding/Access to Fund
This is unarguably the greatest challenge to every startup business in Nigeria, not only agriculture sector alone. For instance, about 78% budding entrepreneurs selected lack of access to fund as their topmost challenge in the recently concluded Tony Elumelu Enterpreneurship Programme (TEEP)
Post-production: Marketing of Farm Products
After taking statistics on agriculture posts on nairaland, Whatsapp agriculture group and some websites I realized that supply far outweighs demand. You can check NL agriculture session for confirmation. Over 70% posts in agriculture section is advert for farm products, lands and equipment with very few interested in patronizing them.
What do you think is the way out of these two challenges? Your opinions count. Let's hear your view please!
Other notable challenges are;
1. Poor infrastructural facilities
2. Lack of government incentives
3. Lack of technical know-how
4. Add yours