How Private Sector Can Consolidate FG’s Economic Growth Plan

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In this report, JULIANA AGBO takes a cursory look at how the private sector will complement the Federal Government's Economic Recovery and Growth Plan (ERGP), and the need to track the full implementation of the plan as soon as possible to achieve higher economic growth.

Since oil was discovered in 1958, it dominated the national economy. Today, Nigeria is the largest oil producer in sub-Saharan Africa, and since 1971 is a member of the Organization of Petroleum Exporting Countries (OPEC), whose production is 2.413 million barrels per day. This makes it the sixth largest manufacturer in the world. From 1960 to the present, Nigeria has accumulated approximately $ 620 billion in oil revenues and at the same time ranks third among the unemployed and poor people in the world. Consequently, as part of efforts to address the food shortage and create attractive and useful enterprises for the farmers, the government of Muhammad Bukharilli allocated the government to agriculture as a viable alternative to oil, recalling that previous efforts of successive administrations aimed at increasing the success in the development of agriculture in the country 60-ies and reduce the excessive dependence on imports were not very successful. Recall that Vice President Emi Osinbadzho said that the current administration will listen to the fact that the private sector insists that the administration fully recognizes that the private sector should be the driving force of the economy, mobilizing and deploying the bulk of the capital needed to ensure growth and prosperity, and the role of government in general should be to create conditions for the prosperity of the private sector.

In addition to the fact that agriculture uses a large share of the labor force in the country, there is an increase in agro-processing and more private sector participation in financing the agricultural sector, which leads to the emergence of agribusiness (agricultural entrepreneurs). This is explained by the fact that no government can alone ensure the food security of its citizens. The role of the private sector comes into play because of the tough efficiency and financial mobility available in the sector that can be used outside of corporate social responsibility. Nevertheless, experts also asked the federal government to address this existential economic problem facing Nigeria, which is mainly the main problem of ERGP and the Agricultural Assistance Program (APP) led by the President of the Bukhari Administration, which are designed to combat the growth of food imports and decrease in the level of national food self-sufficiency. Although most of the inhabitants of Nigeria decided to use this to create jobs and empower women, Dr. Ibrahim Dikko, Chairman of the Board of Eltrexone Farms Ltd, in an exclusive chat with LEADERSHIP stressed the need for rural people to participate in productive agricultural and non-agricultural activities, which, he said. , have great social and economic benefits for the nation. Dikko, who made recommendations during the tour by our correspondent of El-Trekson farms located in Hajini and Gadani in the Chukun district, the Gwagwada district of Kaduna state noted that the government needs to do more to equip local authorities and the private sector with empowerment programs and the opportunities that will influence, facilitate and expand the horizon of rural residents, as well as young people, to create employment opportunities for others.

To achieve this success, he said that although Nigeria is one of several fast-growing economies in Africa, it is necessary that the federal government accelerate the implementation of the three-year economic recovery and growth plan (ERGP) as a strategy for ensuring a stable and sustained growth of the Nigerian economy. He also said that international investors are still afraid of insecurity and instability in the country. He insisted that the development of non-oil sectors, such as agriculture, could help ease Nigeria's dependence on the oil industry, ensure sustained economic growth and attract investment. LEADERSHIP reports that ElTrexone farms occupy about 1,000 hectares of land, were able to provide jobs to at least 600 special employees and 70 permanent employees in the community. Dikko explained that the agricultural land that was acquired for all types of agricultural activities, including livestock, flew 100 hectares of land for rice, 50 hectares for corn, 50 hectares for maize of guinea, 40 hectares for beans of three varieties, 50 hectares for soybean beans and, in addition, 30 hectares for ginger and three hectares for turmeric. Because the management started the agribusiness, he said that the purpose of the farm is to create a working environment for the villagers and provide other social services, such as medical facilities and security services.

According to him, "we did not go to agribusiness for immediate profit, but to reduce poverty in the country. If the private sector can take advantage of this opportunity, many people in rural areas will gain profit, earn a living and raise their standard of living. "If the Nigerians en masse to side with the federal government's agricultural policy, the country will produce the best quality products that can compete with any export commodity using the technologies at our disposal. "We still have many opportunities for improvement, we do not have a loan from anyone, nor from the organization at the moment. But we are interested in obtaining loans from livestock and rice from the government, and on a farm in the land where there are all possibilities, including the clinic, we are ready to hire more workers with the vision that we have. "

Dikko said that, despite the fact that the current administration recognized that the private sector should be the driving force of the economy, the role of government should be to create favorable conditions for business prosperity. "For example, we still face other problems, despite the fact that we have mechanized agricultural equipment on the ground to help the workforce, especially in the area of ​​rapid access to pesticides for pest control," he stressed. The head of the community, Sa Gadani, Bitrus Sauri, stressed the need to create opportunities for rural people to participate in productive and profitable agribusiness enterprises. He said, in addition to providing jobs to rural residents, some of these farms can also provide basic services to communities, such as health services and education, just as did El-Trexon farms. Sauri noted that the farm played a significant role in the development of agriculture, food production and rural development with the intervention of El-Trexon farms in the country's agro-industrial complex. He said that more jobs will be provided, and incomes and incomes will increase, with a corresponding impact on farmers, traders and other stakeholders in agriculture.

Agronomist Abdullahi Suleiman, who praised the leadership for his commitment to Nigeria's economic growth, expressed optimism about farm products, will not only meet standards at the local level, but also at the international level. Suleiman, who is also a consultant to the farms of El-Trekson and a teacher of the Agricultural Sciences Department of the College of Education in the Federal Capital Territory, Zuba called on other individuals to tow the path of development to make the country successful in its economic recovery and growth plan. The general manager, El-Trexon's farm, Ms. Aysheta Dikko, called on the government to provide greater support to the private sector in overcoming barriers to agricultural production, especially in facilitating access to productive land. Dikko said that from the crops cultivated till now on hectares of land, before the end of the year a lot of harvest will be collected from the farm. She said many unemployed women and young people may be empowered to depend on agriculture for livelihoods if the government can provide more favorable conditions for creating various opportunities for microprocesses in agriculture, adding that such investments will help create the desired conditions for them lived with dignity.

A resident of the community, Abdullahi Yakubu, who praised the efforts of the farmers of El Treson and other small farmers in the community, called for the creation of agro-hubs in rural areas where young people can grow nurseries, provide agro-services such as pesticide use, vaccination, among other things , as a source of income. He said that large farms will require a large workforce, adding that the presence of the farms of El-Trexon has made great efforts to empower young people and women by providing them with resources, building capacity and access to information for participation in agriculture. He noted that by supporting young people in agriculture to gain access to the necessary tools and technologies, the government can make significant progress in ending extreme poverty and hunger. Consequently, there is an urgent need for the federal government to accelerate the implementation of the three-year Economic Recovery and Growth Plan (EGRP) as a strategy to ensure a stable and sustained growth of the Nigerian economy, and to pay equal attention to the energy sector in order to increase energy supply in the country by expanding production, transfer and distribution, which, in turn, would increase the country's agricultural sector.



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