Agriculture will reduce poverty in Nigeria, says expert
Professor Adeolu Ayanwale of Obafemi Awolowo University (OAU), Ile-Ife, Osun State, has said that agriculture remains a sure way to reduce mass poverty in the country.
While delivering the 327th inaugural l ecture of the university with the theme ‘Produce, Innovate Or Be Poor’, the don said that World Bank statistics corroborated his research that for every one per cent growth in agriculture, poverty declines as much as two per cent.
According to the professor of agricultural production economics, if the authorities are serious to improve the living condition of the populace, government at all levels should show more commitment to encourage small holding farmers to increase productivity.
He canvassed for more efforts towards encouraging agricultural production as a way to lift the nation from poverty.
Since the majority of Nigerians live in rural communities and agriculture constitutes the mainstay of their economy, increased attention should be given to encourage them to expand their productive capacity to increase their income, he suggested.
“Investments in the agriculture sector also contribute to overall economic growth by increasing efficiency in the marketing chain, reducing the share of poor people’s income spent on food and enabling them to purchase other goods and services.