Capitalisation of the Nigerian agricultural sector

Abstract

Rationalising the dismal performance of the Nigerian agricultural sector on the score of low capital contents, a case is made for capital expansion and improvement in the small scale farming sector. Bearing in mind that there are differences in the demographic structures of the Nigerian rural economy, a diversified capitalisation approach is suggested, whereby land-saving would be reserved for thickly populated areas of the country, and the labour-saving type is for sparsely populated areas. The impact of this approach on the employment situation in the country may not be negative, rather, it may reintroduce an era of agriculture-led growth and development.