Diversify The Economy Case Study

“Diversify the economy”, Many Nigerian presidents and executive figures have used this phrase time immemorial as a talking point when asked about economic solutions. Just a few months ago, during a BBC HardTalk interview, former President Olusegun Obasanjo also stressed the need to diversify the economy away from oil dependency and it looks like some states are finally listening.
Last year, Lagos and Kebbi partnered for rice farming and processing, developing a division of labour whose synergy culminated in a subsidized bag of rice. This partnership, along with the Federal Government’s directive of banning imported rice has sparked a national interest in agriculture. States, interest groups, and private citizens are investing heavily in agriculture
On the land side, many investors have fallen prey to fraudulent land agents who present false records of land ownership and certificate of occupancies to willing investors and swindle them of large amounts of money, a situation which is usually protracted in the halls of justice. To curtail these practice and incentivize investment, Kaduna state has implemented Kaduna Geographical Information Services (KADGIS) to digitize land ownership in quicker and transparent ways. This, in conjunction with The Kaduna Investment Promotion Agency (KADIPA), an agency tasked to promote investment, guarantees investors of legal and safe land ownership and even provide subsidies for agricultural
Onajite Okoloko says it is “good agricultural policies in place caught the attention of the company” he further continued to provide insight into Kaduna state’s agricultural viability “we believe that Kaduna is the focal point in terms of crops such as maize and soya beans”. It’s worth noting that Olam feeds has a weekly capacity to produce 1.6 million day-old chicks and an annual 360,000 metric tonnes of animal feed, and Notore Chemical Industries leads in terms of fertilizers and agricultural pesticides. The presence of such giant industries is a boon for agricultural investors in both ambits of farming (poultry and pastoralism) for they provide easy access to materials such as quality fertilizers and open up subsidy possibilities for