The Nigeria government have tried many ways, initiated lots of policy and programmes which is aimed at restoring the country’s agricultural sector to its pride. The government of the day seems to realise the need for Nigeria to diversify its economy. Therefore, agriculture is one of the sectors that is receiving much attention. Nigeria is blessed with fertile soil and several mineral resources. Therefore, anyone that want to explore this area will definitely enjoy the backing of the government.
However there are several factors that have shown to be challenging.
Challenges of commercial farming in Nigeria?
Inability to meet domestic food requirements
Inability to export quality produce to international markets
Poor crop yields due to lack of high quality seeds and fertilisers
Poor management of equipment’ (i.e. repair work)
Poor marketing outreach to domestic and international customers
No Marketing boards to support our outreach
Insufficient food and soil testing facilities
Inefficient system for setting and enforcing food quality standards
Moreover, the economic situation in Nigeria is not that buoyant. Nigeria as a country has been a mono-economy with total dependence on oil revenue. With the current glut in the oil market, the revenue coming to the country has come down drastically.Youth unemployment rate is put at 21.5 %. The economic implication of this is that, this can lead to crimes and other social vices. On the other hands, this means that entrepreneurs can have access to cheap labour. It will be cost effective for any labour intensive business- like Haskiye Farms Project to be located in Nigeria.
Hence, Haskiye Farms ambitiously aiming to:
bring goods from local to international markets
Increase employability
Raising rural standards
