Finances
  • Background
  • Farm Business
  • Non-Farm Business

Background


In a bid to expand economic opportunities in the agricultural sector, the Agricultural transformation agenda (ATA) increases jobs, sales and investment for

farm Business and
Non farm Business .

The Agro market business model identified is illustrated below


By promoting commercial agriculture, improved productivity, value-added processing and expanding final product markets, the ATA will have an impact on improving rural household livelihoods and reducing poverty.

Non-Farm Business


The non-farm business are all the other business activities not performed directly in the farms. They include :
  • Background
  • Livestock
  • Fisheries

Background


The agriculture value chains include :
Livestock Value Chain

  • Dairy
  • Meat
  • Leather

In order to bridge the demand supply gap, the livestock transformation programme plans to achieve self sufficiency in meat and livestock production by 2015 through investment in the livestock value chain on the following programs:
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Cassava Value Chain
Nigeria is the largest producer of cassava in the world but accounts for 0% of global trade in value added cassava products. Cassava production is expected to rise from 34 to 51 million MT per year. The Ministry is committed to ensuring the massive production of High Quality Cassava Flour (HQCF), Native and Modified Starches , Dried Chips , Sweeteners - High Fructose Cassava Syrup (HFCS) and Fuel Ethanol (E10)
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Rice Value Chain
Nigeria must become self sufficient in rice in a manner that grows the agricultural sector and creates jobs. Government plans to ban rice imports as from 2015, at which time the nation would have attained self sufficiency in rice production in line with the Rice implementation Action Plan.
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Cocoa Value Chain
The release of 8 cocoa hybrids in Nigeria now puts us in a position to reach the 1 million MT export volume within ten years. Cocoa was once a major revenue earner for the country and was the prime mover of the economy of the then Western region, enabling the region to prosper to a point of being a pace setter in the country.
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Cotton Value Chain
Annual business revenue stimulated by cotton in the Nigerian economy is in excess of Nl00 billion, thereby making cotton Nigeria's number one value added crop. Due to the huge wealth and job creation potential Is of cotton, the cotton transformation programme plans to double production estimates of seed cotton from 300,000 tonnes to 600,000 tonnes; lint from 110,000 tonnes to 220,000 tonnes and seeds from 180,000 tonnes to 360,000 tonnes.
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Fisheries Value Chain
The fish transformation action plan is to increase annual fish production from the current production of 0.78m MT to 3.0m MT in order to achieve self sufficiency in fish production and supply by the year 2015.
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Fruit Juice Value Chain
Teragro commissioned its 25,000 MT per year juice factory in Benue State, in response to the Agricultural Transformation Action Plan of Mr. President. Farmers growing fruits will now have access to a staple market, while local content rises in our local juices, making our juices 100% proudly Nigerian, not from imported concentrates.
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Palm Oil Value Chain
Oil Palm Transformation Strategy Drive economic growth for South East, South-South and South West region states Replace importation of 300,000 MT of vegetable oil ($US 500 Million) annually Take advantage of rising global demand for oil palm products: margarines, cooking oils, baked foods, soap, cosmetics, bio-diesel
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Sorghum Value Chain
Sorghum production in Nigeria is expected to rise from 9.3m MT to 11.3m MT in the first year. It is the key to much desired economic transformation of the North East and North West regions of Nigeria where sorghum production has obvious comparative advantage.
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Horticulture Value Chain
Despite her great potentials in the horticultural sector, Nigeria is yet to make any noticeable impact. The plan is to make horticulture a major foreign exchange earner for the country as obtained in African countries like Kenya.
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Livestock


Some of the animals reared for livestock include :

Fisheries


Some of the fisheries produced include :