Challenges and Prospects of Agribusiness in Nigeria The Missing Link

For about three decades, the Nigerian government had initiated many policies and programs aimed at restoring the agricultural sector to its prominent position in the economy. However, various efforts to encourage investment and export diversification in the agricultural sector have not yielded favorable results. Great potential for investments and export diversification to generate higher economic growth remained untapped, as a result of challenges in the agricultural sector which have to be nipped in the bud. Therefore, this study identified these challenges and made recommendations to be implemented to remove these limitations in order to accelerate the achievement of economic growth and sustainable development in the country. The identified challenges or limitations consist of marketing problems, infrastructure deficiencies and unstable input and output prices. Measures to lift restrictions must include improvements in downstream commodity activities, environmental management, increased financing and efficiency in agricultural spending. The government should wake up and invest in infrastructure, and such investment must ensure infrastructure development in both urban and rural areas. Dr. Chibike Onyije Nwuba | Chukwunonso Chukwudi Okoli "Challenges and Prospects of Agribusiness in Nigeria: The Missing Link" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-5 , August 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50510.pdf Paper URL: https://www.ijtsrd.com/management/marketing/50510/challenges-and-prospects-of-agribusiness-in-nigeria-the-missing-link/dr-chibike-onyije-nwuba