The gathering of Agro Allied Key Players and Equipment Manufacturers in West Africa
The 2nd annual Agribusiness Tradeshow & Conference 2016 will serve as the platform to discuss the potential and viability of the agriculture business in Nigeria and the West African sub region. The event seeks to symbolize the opportunities in a gribusiness, as well as synergize on technologies, techniques and human resources to take this all important sector to the level of Africa union food security initiative.
A paradigm shift in Agriculture through its commercialization has become potentially necessary owing to the fact that for far too long agriculture and farming has been practiced by farmers in Africa on a subsistence level. At this subsistence level, there has been shrinking and depleted farms, an ageing population with limited interest from the youth to engage in agriculture.
To this end, the imperativeness of exploring the potential profitability of every agriculture investment and to determine whether it makes financial sense to proceed in the short, medium and long term is now more feasible than ever before
It is in recognition of this fact that there have been comprehensive interventions to ensure sustainable growth and job creation. For example, the cassava value chain, one of the most important value chains in Nigeria, benefited from a presidential campaign for cassava and its products, including cassava chips, flour, etc.
With minimal investment in research, provision of market information, access to subsidised fertiliser, and links to international markets, cassava received a major boost in the country between 2003 and 2007. This boost has resulted in a glut on the market, obviously disappointing farmers. This demonstrates that a focus on increasing yields, without investing in processing and other aspects of the value chain will lead to short-term gains, but not long-term sustainable growth and development for actors across the chain. Read more