AGRIC PRODUCE OVERVIEW

Last week introduction session we discussed about the inflation figure, this Monday let us discuss Nigeria economy diversification and what it has to do with agriculture, many have been clamoring for this for a while.

It was been said that this big economy is actually diversified, that is not total dependent on one stream which is oil. But in many circles the populace will not believe this words of the finance minister, mainly because

Majority of our revenue is still coming from crude exportation. Let us put some numbers into this, about 95% of Nigeria revenue come from oil which is about 5% of the economy GDP. That means the remaining 95% is not viable enough to bring revenue, interesting we can then doubt if it is sufficient for local macro economy. As you know that Agriculture is one of this GDP index

Product update;

The prices are still not falling but.......

https://mailchi.mp/c569121402bf/diversified

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