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Articles

Vol. 15 No. 2 (2024): EJA

Contemporary High Cost of Living and Nigerian Agriculture: A Blessing in Disguise

Submitted
March 17, 2025
Published
2024-10-01

Abstract

Research Objective: Nigerians' interest in and involvement in agricultural production have significantly increased in recent years. Realization that agriculture is a viable means of achieving both food security and economic empowerment is one of the major reasons for this increased interest. But maintaining this trend will be difficult given the lack of proper infrastructure, restricted financial resources, inadequate training, education, and inconsistent policies. This paper seeks to analyse the growing interest in agriculture, pinpoint the obstacles to continued involvement, and suggest solutions to guarantee the industry's sustainable development through financial and other assistance to the sector. 

Methodology: Related literature was systematically reviewed.

Findings: The results show that while high cost of living has been essential in igniting increasing interest, there are still significant barriers to overcome in terms of market access, financial services, and enabling infrastructure. 

Recommendations: There is a need to create governmental environment, and provide access to agricultural education and training. The implementation of focused financial programs to assist smallholder farmers, investments in rural infrastructure to enhance market access, and the creation of extensive training programs to provide farmers with up-to-date agricultural techniques is among the suggestions made for maintaining the growth of Nigeria's agricultural output. Furthermore, stability and confidence for long-term investments depend on the creation of a clear and logical framework for agricultural policy. Nigeria can fully utilize the potential of its agricultural industry to promote economic growth, lessen poverty, and ensure food security by solving these issues and capitalizing on the increasing interest as this paper emphasizes.

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