Journal of Food Processing & Technology

Agricultural revolution and sustainable food security: A panacea to oil glut and economic recession in Nigeria

2^nd International Conference on Food Security and Sustainability

June 26-27, 2017 San Diego, USA

Obodo Rodrick Chijioke

Enugu State University of Science and Technology, Nigeria

Posters & Accepted Abstracts: J Food Process Technol

Abstract:

Following the sharp drop in oil prize globally in the past two years and its attendant effect of astronomical Dollar-Naira exchange rate, prices of goods and services have gone beyond the reach of average Nigerians. The problem degenerated to the extent that the economic managers of the country finally owned up last year that Nigerian economy has gone into recession. As the nation tries to manage the situation, there has been renewed interest in agricultural revolution and sustainable food security related issues in virtually all the states of the federation. This revival is occasioned by the dramatic rise in food prices across the country. Of late, several agricultural policies have been formulated to curtail food security challenges. Unfortunately, these policies have not yielded the desired results of increased food production. This paper, thus, explores the various challenges confronting food security in Nigeria with a view of highlighting the reasons that account for these problems. The paper also suggests ways of addressing these challenges. The paper uses trend analysis in terms of historical and current perspective and various descriptive methods to analyze the development of Nigeria through each decade since its independence in 1960 and examines the factors that have had impact on its agricultural productivity. This will aid in describing and predicting the performance of the agricultural sector in Nigeria and as a result, the overall economic development of the country in the coming decade. The paper proves that laying less emphasis on oil and carrying out in-depth research on the development of the agricultural sector and sustainable food security is essential to economic development and progress of the country.

Biography :

Email: obd44u@gmail.com