Agriculture Sector Can Create New Jobs

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Dear Friend, As an financial advisor, I look into different aspects of the economy. Government should restructure its finances to give more support to agriculture, mining and other sectors that can create jobs to cushion the effect of the COVID-19 crisis on the Nigerian economy. Before now, the government have been trying to move the economy from an export driven economy to a consumption driven one. There should be more local aggregate demand to drive the economy. Government has heavily invested in supporting the agricultural sector. With lessons that we have learnt during the COVID-19 crisis, it makes sense to deepen internal competences across different sectors. Agriculture has the capacity to employ a lot more people. Our first problem in Nigeria is unemployment, if we can develop our agriculture value chain, a lot more people will be employed. Almost 100 million Nigerians live in abject poverty, but remember, poverty isn’t just the lack of money, and it is also lack of access to information that can lift you out of that poverty. Agriculture can increase aggregate demand and we can generate more tax revenues, which can make our GDP more liquid. We have a GDP of $360 billion, but we don’t make up to $20 billion in tax revenue. We can make our GDP more liquid by ensuring that people get to work. Your thoughts?

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