Responding to the impact of COVID-19 on food security and agriculture in Nigeria

With COVID-19, the challenges hampering the attainment of food security in Nigeria could deepen.  The impact is already being felt in the form of rising food prices. As at April 2020, food inflation rose to 15% compared to 14.7% in December 2019.

To ensure that the agricultural sector is not further impacted by the distortions caused by COVID-19, the government should ensure more palliatives are provided to farmers in the form of improved seedlings, basic farm implements at highly subsidized prices, and free or more affordable farm extension services.

Also, of importance is the need to ensure that the sector is accorded more budgetary allocations in line with the Maputo declaration, increase the operational capacity of the strategic grain reserves, and reintroduction of farming clusters to be financed through Public Private Partnership (PPP) arrangement. In addition, state governments should reassess their area of core competence in the agriculture value chain and promote investment in that area.

vegetables
rice grains

This publication covers:

  • Challenges in the agriculture sector before COVID-19
  • Policy measures for agribusiness
  • The impact of COVID-19 on Nigeria’s agricultural value chain
  • Recommendations for improving agribusiness post COVID-19
  • Case studies for using innovation to boost agribusiness

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Mary Iwelumo

Mary Iwelumo

Partner/ Government & Public Services Leader, PwC Nigeria

Tel: +234 1 271 1700

Andrew S. Nevin

Andrew S. Nevin

Partner & Chief Economist, PwC Nigeria

Tel: +234 1 271 1700

Edafe Erhie

Edafe Erhie

Partner / Consumer & Industrial Products & Services Industry Leader, PwC Nigeria

Tel: +234 (0) 1 271 1700

Oladele Oladipo

Oladele Oladipo

Partner, PwC Nigeria

Tel: +234 (0) 1 271 1700

Taiwo Oyaniran

Taiwo Oyaniran

Associate Director, PwC Nigeria

Tel: +234 (0) 1 271 1700

Omomia Omosomi

Omomia Omosomi

Manager, PwC Nigeria

Tel: +234 2711700

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