Subsistence farming is straightforward. Commercial farming can be anything but: It’s often hard to raise capital, and you may never become profitable. Assuredly, a November 2020 report on Statista (a leading market and consumer data website) reflects an optimism about the food industry and the agricultural economy in Nigeria. The report says agriculture accounted for over 20 percent of Nigeria’s GDP for the first quarter of 2020, as such, agriculture generated about N3.7 trillion of liquidity that Nigeria can use to support the current and future farm economy. Small-scale farmers like my uncle have relatively simple operation and infrastructure, much like other farmers in rural Nigeria. He self-funded his commercial farm in our village Ikot Obiokoi, Akwa Ibom State with N1 million, for example. It’s easy to imagine the feel good appeal of such a healthful business selling organic harvest to a global market. Leave your comments and questions below. As always, be sure to like, share, and subscribe.
Rich Mbariket, Founder, Rich Mbariket Company
Experience the world of Rich Mbariket and the Rich Mbariket Company
© 2014-2020 Rich Mbariket Company | WhatsApp 1-702-201-8311 | Email firstname.lastname@example.org