In advance of this week's World Economic Forum on Africa in Abuja, recent comments regarding economic growth in Nigeria from the Minister of Agriculture are notable for the foresight demonstrated in predicting an agricultural boom in the country. Considering the negative global attention the Nigerian government has received for recent infrastructure and security lapses (particularly in regards to terrorism), such forward policy planning will be necessary to ensure that Nigerian resources better serve local communities.
Agriculture as Nigeria's new oil? Yes! I believe that the future millionaires and billionaires of Nigeria will come out of agriculture. Listen, if the business of food doesn't pay, why are we spending all that money importing food? It pays! You can choose not to ride a car, you can go inside of a train – but you can't choose not to eat. Nobody eats GDP. People eat food.