Agriculture contributes about 21% to Nigeria’s GDP – Group

Date:

June 12, 2024.

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Azonuchechi Chukwu.

The Nigerian Youth for Agricultural Revolution Initiative (YOFAGRI), an NGO, says the agriculture sector contributes about 21 per cent to the Nigerian Gross Domestic Product (GDP).

The National Chairman, YOFAGRI, Mr Jerry Ngene, stated this at the inauguration of the youth empowerment initiative in Abuja.

Ngene said that with 70 per cent of the population engaged in the agricultural sector, agriculture had the potential to solve the youth unemployment crisis as well as to be transformed.

“Understandably, agriculture is the fastest and most stable industry in Nigeria contributing about 21 per cent to the Nigerian GDP.

“With 70 per cent of the population engaged in the sector, it has the potential to solve the youth unemployment crisis as well as to be transformed.

“It is in view of this that YOFAGRI, a non-governmental Oganisation has the vision of empowering 1,000,000 Youths annually with quality seeds of crops that have comparative cultivation advantage in their domain.”

He said that youths were very important resources for sustaining agricultural productivity and for national development in every nation.

Ngene said that it was in view of the need to engage the youths, that the Nigerian government in collaboration with private sectors, had established programmes that engaged youths.

He said that the youth could also present a significant threat to social cohesion and political stability if sufficient economic and employment opportunities were unavailable.

“We therefore call on Government and other NGOs to partner with us in order to take our youths out of the street while providing food for the common Nigerian,” Ngene said.

In a Goodwill message, Dr Deola Lordbanjour, Director, Extension Services, Federal Ministry of Agriculture and Food Security, said that the department was proud to associate with the laudable objectives of the organisation.

He said that the growing demand for food meant that there was scope for the forces of supply, to take advantage of a growing market.

“Global food prices are at their highest point in several decades and are expected to remain high for the foreseeable future and Nigeria is not exempted.

“Youths as the life wire of any nation when empowered, can take advantage of the food crises for national food security and sustainability,”he said. (www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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