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Cost-reflective Tariffs as Panacea for Nigeria s Electricity Woes
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Sarah Okoh and Ifeoma Malo
Agriculture is a primary economic activity amongst less industrialised countries, on the average, accounting for 30 percent of Gross Domestic Product (GDP) in those countries.
The significant economic contribution of the agricultural sector has not yet resulted in a concomitant accumulation of widespread benefits for most rural inhabitants.
Nigeria alone has a land area of 98.3 million hectares, with 74 million hectares good for farming. Yet, half of its arable land has not been exploited to produce crops and livestock to stem the threat of hunger and poverty through an efficient production system.
It is obvious that from a growth point of view, opportunities exist in Nigeriaâs agriculture sector, especially with small-scale farmers no doubt, having a lot to benefit from a situation where there is a favourable operating environment.