PearlStreet:
Dangote only thrives in monopolies where he controls production, distribution and exchange.

The tactics used in Cement and Sugar can't work in this instance. He tried it with Noodles and it backfired.

The raw materials are not in his hands, they're in the hands of the farmers and he's already failed.

Let him go and get the FG to give him exclusive rights over tomatoes na.

nwoke37:


my guy i think you misunderstood what he said. He meant there has to be technological advancement for agriculture to have the positive impact we want on the economy.

nairametrics:


READ MORE: https://nairametrics.com/why-dangotes-failed-paste-factory-should-give-buhari-more-headaches-than-dangote/

adisabarber:
The only solution to our agricultural problem is guaranteed market. If you have 5 million tonnes of tomatoes, bring them to the government and we will buy at a price updated weekly. If you have 20 tonnes of cocoa, bring. If you have 500 broilers, bring. This will encourage people to farm and not be scared of what to do with their harvest. There was a time a lot of people went into fish farming but most lest because they end up begging market women to buy. If I know a processing plant where I can get a fair deal, I will farm and at the right time I will take my harvest there and collect my money. Even if the profit is small, I will manage it.

bobnazzygon:
Everything in Nigeria is not working as it suppose to be because of inadequate planning.

400billionman:


Setting up a market where government buys up agricultural produce from farmers is an innovative idea. Government can export later or sell to big companies who will use it as raw materials or export them.

This is one of the reasons why young people need to take over governance. Our brains are still sharp.

adisabarber:
You probably don't understand how it works but let me summarize it. Every responsible government has food reserves. If there is surplus, they buy up the excess so that prices won't crash. If there is scarcity they open up the reserves and sell to prevent prices going too high. Please read about government food reserves and please don't be quick to blame people that post on public forums without first trying to properly consider what they have posted.

SOLMICHAEL:
Everything is wrong with this government. Nothing else contributed to this moribund economy than the incompetency of our so called leaders.

NtoAkwaIbom:
I keep telling people Agriculture cannot do jack to resuscitate any economy rada.. Technological advancement is key
You spend a full year growing a big hectre of land, but on selling everything you cant even last for 2 months with the proceeds.

A company spends 1 yr manufacturing and selling phones, shoes, modern wears, cars, weapons, etc and smiles to the bank while paying salaries to employ others.

If we keep importing all the heavy duty vehicles we use in planting, and we hv no resources to fix them, we find out that the cost we expend on capital takes lots of yrs to cover.. But if we were to produve this heavy duty vehicles... Then the stres that the importation of same, puts on the naira will be reduced, and it will be far more affordable to farmers thereby y reducing their overhead cost and at the same time increasing their profits

Indirectly we depend on dango the for everything in this country

fratermathy:
Nigerians should pray that this country doesn't split up. Because if it does and Dangote faces only the North, the economy of the splinter nations may be in shambles.

We should be more enterprising and have industries that rival Dangote's in order to avoid over dependence on him.

haywhy1026:
If Dangote with the resources he has and the market Nigeria possess can still fail in a micro sector of Agriculture then why is it easy for the minister of Agriculture to always open his mouth and advise the youth to go back to farm without any augumenting policy to encourage the sustainability of the real system.

adisabarber:
The only solution to our agricultural problem is guaranteed market.

If you have 5 million tonnes of tomatoes, bring them to the government and we will buy at a price updated weekly

. If you have 20 tonnes of cocoa, bring. If you have 500 broilers, bring. This will encourage people to farm and not be scared of what to do with their harvest. There was a time a lot of people went into fish farming but most lest because they end up begging market women to buy. If I know a processing plant where I can get a fair deal, I will farm and at the right time I will take my harvest there and collect my money. Even if the profit is small, I will manage it.

WebSurfer:

You really think if not for monopoly only dangote has the guts to do this?

gbadexy:
The solution to the problem is restructuring and resource control.
I've been hearing the need to diversify to agriculture since my secondary school days over 2 decades ago but it's just a lip service and mantra successive governments tout but no one really seems to do anything drastic about it.
maybe each state would encourage and ensure the success of such investments in their domain so as to get revenue from it.

PearlStreet:
Dangote only thrives in monopolies where he controls production, distribution and exchange.

The tactics used in Cement and Sugar can't work in this instance. He tried it with Noodles and it backfired.

The raw materials are not in his hands, they're in the hands of the farmers and he's already failed.

Let him go and get the FG to give him exclusive rights over tomatoes na.