Consultant to Ogun State Governor, Prince Dapo Abiodun CON on Agriculture,Prince Wale Oyekoya appeared on TVC regarding the recent decline in food prices and its impact on farmers.
While this is good news for consumers, farmers, on the other hand, face significant losses due to the high cost of production. Many farmers have invested substantial labor and financial resources, expecting reasonable returns. However, the current decline in commodity prices is a source of concern, as it threatens their sustainability.
To mitigate this challenge, he emphasized that government intervention through subsidies is essential. Federal and state governments should implement measures to mop up surplus produce, ensuring that farmers do not bear the full brunt of price fluctuations. With increased harvests expected, especially from northern states practicing irrigation farming, food affordability for consumers remains a positive outcome. However, prices might rise again with the approach of Ramadan and Easter.
Regarding the poultry sector, he pointed out that many poultry farmers are struggling with the soaring cost of inputs such as maize and soya. While the recent drop in food prices is welcome, sustainability remains uncertain, given the unpredictable nature of the Nigerian market. Some poultry farmers have been forced out of business due to high production costs. With the rainy season approaching, further price reductions may occur, but the sector requires strategic planning and policy interventions to ensure long-term stability.
He strongly believe that encouraging youth participation in farming is crucial to revitalizing the sector. Modern technology should replace traditional farming methods, with mechanized farming and the empowerment of technical institutions to produce essential equipment. Farming remains a profitable venture, with an estimated 10% profit margin, but scalability is key. If young people are encouraged to venture into farming, it will ease the burden on aging farmers and enhance food security.
He also commended the recent efforts by South West governors to boost food production and reduce reliance on northern farmers. The 1978 Land Use Act grants governors control over land use, which can be leveraged to promote local agriculture. To further support young farmers, I suggested the government should implement the following initiatives:
1. Grants and Loans: Access to affordable credit facilities to support start-ups, equipment purchases, and operational costs.
2. Subsidies: Reduction in the cost of essential inputs such as fertilizers, seeds, and machinery.
3. Training and Capacity Building: Workshops and extension services to equip young farmers with modern techniques.
4. Market Access: Establishment of direct market linkages and export opportunities.
5. Infrastructure Development: Investment in rural roads, storage facilities, and irrigation systems to enhance productivity.
While the present administration, led by President Bola Ahmed Tinubu, has made some progress in providing facilities and incentives to farmers, more investment is needed in agricultural research and development.
Nigeria heavily relies on imported seeds, primarily from China and India. Developing local seed varieties adapted to our climate will encourage more participation in farming, particularly in family farming, which can significantly contribute to food security. If households cultivate crops in their backyards, they can sustain themselves and supply local markets with surplus produce.
The livestock sector also holds untapped potential. He emphasized that Nigeria has the manpower and resources to become self-sufficient in meat production, much like Botswana. The recent creation of a livestock ministry is a step in the right direction, but it should not be cattle-centric. Livestock farming includes poultry, piggery, and fisheries, all of which require government support.
Adopting ranching practices will not only enhance productivity but also reduce conflicts between farmers and herders. Moreover, adding value to livestock products, such as hides and skin, can create employment opportunities and boost revenue generation.
In conclusion, he reiterated that addressing the concerns of farmers, encouraging youth participation, and implementing sustainable agricultural policies will be pivotal to ensuring food security and economic growth. The government must take decisive action to protect farmers from the adverse effects of price volatility while making strategic investments in the future of agriculture.
Prince Wale Oyekoya
Agricultural Consultant to the Ogun State Governor
Credit: BAMA Media Team
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