AGRICULTURAL DIVERSIFICATION: DO NIGERIAN LEADERS UNDERSTAND WHAT IT IS?!

agricultural diversification.

agricultural diversification.

The Nigerian government is interested in diversifying the Nigerian economy from a mono-economy to a multi-economy. This will enable the country to stop being dependent on revenue gotten from the oil and gas industry. Unfortunately, before oil was discovered in the Niger Delta in 1958, Nigeria was an agricultural super power. We exported the largest amounts of cocoa in the south western part of the country, palm oil in the south eastern parts and groundnuts and cotton in the northern parts of Nigeria. We were the largest exporters of these listed commodities before the civil war, in Africa, but soon after the civil war ended, misguided leadership from successive military regimes and democratically elected administrations, have led us astray and depended on oil. These misguided leadership, have even assisted corrupt politicians, businessmen, civilians and the military, to steal everything we have and now they desire that we venture into other industries, especially agriculture they left to die.

a modern farm

a modern farm

These people do not know what industrial diversification means. Industrial diversification is a strategy that involves choosing to structure an industry in a manner that promotes involvement in a wide range of revenue producing activities. The goal of any type of industrial diversification is increase the chances of returns by diversifying or spreading assets over a wider range of activities, while also helping to minimize the potential for failure or loss.

As it relates to production operations, industrial diversification has to do with providing goods and services that appeal to multiple markets rather than focusing on a product line that appeals to mainly one market. For example, a company may operate plant facilities that produce clothing items at one location, while also manufacturing bedding and other types of household textiles at another. At times, the diversification may involve completely unrelated products, such as a company that produces a line of office supplies but also has a division focused on the production of televisions and other electrical entertainment devices. The degree of industrial diversification will often be influenced by what owners believe will provide the best possible protection from declines in one market by enjoying corresponding increases in demand in another market.

What this means is that in agriculture, we can diversify the industry, which would increase the returns after we must have spread assets over a wider range of activities. Take for example, palm oil is a major agricultural commodity in the south eastern part of Nigeria, cassava is also a major crop grown in this region. With diversification, agricultural practitioners can introduce new crops like tomatoes, potatoes, groundnuts, beans and the rest of them to the south east and which would improve the economic returns from different value-added crops and marketing opportunities. With the threat of marauding Fulani-herdsmen from the north, who are trying to seize lands down south for cattle grazing, if we truly support agricultural diversification, we can then introduce dairy cattle and other livestock farming in the southern parts of Nigeria. The economic benefits to these idea is huge, but I do not think we have the political will to make this happen. Look at the grazing bill tearing the nation apart, were government want to take lands from all states of the federation and hand it over to Hausa-Fulani herdsmen, the same people who have been killing innocent Nigerians. The same people who have been labeled the fourth most violent terrorist group in the world by Amnesty International.

Industrial diversification can also occur in other industries like, power, transportation, tourism, health, sports, communication, information technology etc. We need our economists, especially the CBN to look more into this.

Agricultural diversification is a success in India. I rest my case.

For more infor please visit;

http://www.fao.org/docrep/005/ac484e/ac484e06.htm

https://en.wikipedia.org/wiki/Agricultural_diversification.

I SUPPORT PRESIDENT BUHARI ON THE NAIRA!

President Buhari

President Buhari

A lot has been said about the recent fall of the Naira against the Dollar in the parallel market and the state of the Nigerian economy. People are worried and scared but I don’t think there is any reason to be scared. In fact, I now support President Buhari on his refusal to devalue the Naira. Those who are insisting that he does so, are among the individuals who have been looting our national treasury. The people who have been glamouring for the devaluation of the Naira are people who have been benefiting from the continuous devaluation of the Naira. The President must stand his ground.

The Central Bank of Nigeria banned some items imported into the country on a daily basis. Most of these items can be produced in the country but the Manufacturers Association of Nigeria and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, told Nigerians that the CBN had actually banned the importation of over 700 items. They insisted that most of their members are closing shop because of their inability to import these items. One of these items can be gotten from palm oil. Palm oil was a major exporting product in the former Eastern Nigerian region before the civil war. Nigeria was the largest exporter of the commodity before Oil and Gas stole the show. Indonesia and Malaysia came to our country and took palm kernel seedlings and planted them in their countries. Today, both countries are the largest exporters of the product in the world.What an irony! See where our tribal selfishness has led us to! Now that the federal government have refused to devalue the Naira, thereby making it difficult for importers to import products into Nigeria, will they support the South eastern states to revive the mass production and processing of palm oil? Will Buhari now want Northerners to be the main producers of the product? This was how Obasanjo made it difficult for exporters and importers to do their business by placing high tariffs on other ports and airports so that the lagos ports and lagos and abuja airports were the only places we go export and import items in and out of the country. I wonder.

Going back to the argument at hand, the more we import goods into the country, the more we will deplete our national reserves, thereby killing the Naira, of which our politicians have depleted to the barest minimum, by diverting funds that belong to the nation, for their personal use. This cuts across parties. Also the CBN needs to stop lending money to big corporations like Dangote Group and Co. If you must ensure that the Naira does not die, you need to stop supporting large corporations. If MAN and NACCIMA members can not find forex funds to import items that they would use for their business, why would you make it easily available for Dangote to build his industries?

Nigeria has the largest consumer market in Africa and that is why we are the beautiful bride. Why would we be the largest market in Africa and major corporations would have their African head quarters or major factories built in other African countries, whose populations do not even make up to one-third of our population? Even if they built their factories in Nigeria, will the ethnic quagmire allow them to do so? Look how long it has taken the Ajaokuta Steel mill to be set up.

Although the official rate of the dollar is #198 and over #400 in the parallel (black) market, we can still buy products from foreign countries at the official rate. Even foreign organizations recognize that rate. When you go to the black market you buy at their prize. So if you want to buy a product for $200, you will need to pay #40,000. But if you go to the black market you must have double that amount to do so at #80,000 or more. With the way the world has changed with the internet, you can pay for any item online or with your atm card and spend less money.

The only time we would experience economic difficulties is when the supply for the banned products gets depleted, things will get costly. But if the government and the CBN can encourage local entrepreneurs and farmers to meet the markets needs, there will be no cause for alarm. Buy Nigerian goods to grow the Naira. .

 

BUHARI WILL NOT MAKE A GOOD PRESIDENT!

President Buhari's first media chat with journalists.

President Buhari’s first media chat with journalists.

On the 30th of December, 2015, President Buhari had his maiden media chat with the press. I wasn’t satisfied with his performance, although I was impressed with the questions thrown at him by the journalists who questioned him on that night. I would have preferred that Jonathan remained as president. Why you may ask with all the corruption charges against members of his cabinet and his administration. Let me ask you a question, is the APC better off? Nigerians are being misled with this hullabaloo (noise) about corruption against one party. Both parties spent huge amounts of money in advertisements and campaigns during the run-up to the elections in 2015. In fact, the APC outdid the PDP in adverts. Their billboards sprung up weeks and months ahead of the PDP and they were everywhere. Both parties even started campaigns before the selected time by INEC to do so.

Going back to the issue at hand, when the crisis of the removal of oil subsidy by the GEJ administration in 2011 came to a head, I was totally against the GEJ administration and wanted “CHANGE” by all means possible. But with the escalation of the Boko Haram insurgency and the noise being made by the then opposition party and northern elites, against the GEJ administration, I changed my mind and became a staunch supporter of Jonathan. It was plain to see that this was a scheme by the Hausa Fulani’s and Yoruba’s to get rid of the Ijaw man at the helm. It was an ethnic motivated scheme to get rid of GEJ and I hope that the supporters of the present administration who now call supporters of GEJ the “wailing wailers” would understand this.

The media chat with Buhari showed us that we have a president who is there to maintain the foolish statement that Hausa Fulani’s are born to rule and no southern Nigerian has the right to do so, especially those who come from the former eastern region of Nigeria, the Igbo’s and lower Niger basin minorities. Yet the oil that comes from that region is good for Nigeria and we are not good enough to rule this nation and yet these crooks keep telling us that we are one Nigeria. One Nigeria does not exist to me.

How can we have a president who does not know what the CBN is doing to the economy and subjecting Nigerians who want to do business overseas with untold difficulties in doing so? How can we have a president who doesn’t obey court directives and a president who passes judgments in cases he doesn’t preside in? Does he think that these are military tribunals? How can we have a president who promised to give unemployed Nigerian youths N5, 000 monthly and now tells us that these youths need to farm to earn this promised stipend? How can we have a president who is hell bent in fighting corruption and yet does not know the economic direction the country should head at? How can we have a president who asks that a tribe who are agitating for self-determination, to state how they are being marginalized, when he knows how he appointed people to his government?

Yet people who support him will shout blue murder when people criticize Buhari for lacking vision. Is it a most for an non-educated Northerner to rule us? Why can’t northerners like El-Rufai or Atiku rule Nigeria? There are bright young Nigerians in the north who can rule Nigeria. I don’t expect anything from Buhari. He will not take us anywhere. This is a man who lacks vision and if he does, he hasn’t shown it. Maybe the man has an erotic encounter with this obsessed desire to fight corruption. You can’t fight corruption by arresting people up and down and trying to force Nigerians to act right. If we have a government that can efficiently provide workable solutions to the problems affecting Nigerians, we will behave normally. Sometimes I wonder if these fools in government know anything. Even El-Rufai, a staunch supporter of Buhari has started complaining.