Nigerian agriculture is characterized by considerable regional and crop diversity. Analysis of this sector, particularly the food sub-sector, is fraught with serious data problems. However, the available statistics provide a broad overview of development in agriculture upon which we can make some broad generalizations about its role in economic development and structural change in Nigeria.
In the 1960s, the agricultural sector was the most important in terms of contributions to domestic production, employment and foreign exchange earnings. The situation remained almost the same three decades later with the exception that it is no longer the principal foreign exchange earner, a role now being played by oil.
The sector remained stagnant during the oil boom decade of the 1970s, and this accounted largely for the declining share of its contributions. The trend in the share of agriculture in the GDP shows a substantial variation and long-term decline from 60% in the early 1960s through 48.8% in the 1970s and 22.2% in the 1980s. Unstable and often inappropriate economic policies (of pricing, trade and exchange rate), the relative neglect of the sector and the negative impact of oil boom were also important factors responsible for the decline in its contributions.
On its diversity, Nigerian agriculture features tree and food crops, forestry, livestock and fisheries. In 1993 at 1984 constant factor cost, crops (the major source of food) accounted for about 30% of the Gross Domestic Products (GDP), livestock about 5%, forestry and wildlife about 1.3% and fisheries accounted 1.2%.
About 500 hundred cattles are slaughtered in Lagos abattoir on a daily basis and a lot of horns are generated in the process and Foraminifera Market Research seeks to expose the investment opportunity in the supply of the product to local industries in Nigeria through this feasibility report.
Nigeria’s population population is estimated to be 165,000,000 making Nigeria the most populous country in Africa and one of the top ten most populous countries in the world. As a result of this huge population, there is a high demand for animal protein to meet the dietary protein requirements of the populace. Meeting this high protein requirement is therefore a great challenge for a developing country like Nigeria.
Meat from cattle slaughtered at the various abattoirs in the country, constitute the largest source of animal protein for the Nigerian populace. From slaughtered cattles, horn is gotten.
Cow horns are used in the preparation of medicines, button, Spoon and Fork, Jewelries, belt buckle amongst other products.
The scenario above presents an opportunity for savvy investor to take advantage of by purchasing the product from abattoirs and supplying same to industries.
The return on investment on the trading of cattle horn is estimated between 10%- 15%.
———————————————————————————————————————————————————–
365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.
From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.
365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can order our detailed feasibility report on the supply of cattle horn to local industries in Nigeria by clicking on the link below.
Report Title: CATTLE HORN SUPPLY TO LOCAL INDUSTRIES NIGERIA; THE OPPORTUNITIES.
Report Code: FORA/2013/3074841/FMR/00956
Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting
Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 ; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}
E-Mail Address: enquiries@foramfera.com
CC: foraminiferamarketresearch@yahoo.com
Office Address:
61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suite 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.
