• Sunday, June 23, 2024
businessday logo

BusinessDay

Lack of understanding of the science in crop production is a problem – Kelikume

Grand Oak supports community to encourage youths in agribusiness

Ikechukwu Kelikume, doctor of Agribusiness at Lagos Business School has said that the biggest problem we face today in Nigeria’s agriculture is that it is a science-based business.

Kelikume, who stated this in his keynote address at the on-going BusinessDay AgreX Summit, said that there must be a proper understanding of the science behind crop production. “We need a road map in the Agricultural sector that ensures every state focuses on crops they only have a comparative advantage in its production.”

“Agribusiness is scientific because you can’t just jump into what you don’t know,” Kelikume said.

Read also: Knowledge gap clog to agribusiness growth in Nigeria -Experts

He said Nigeria does not manufactured goods but highly rely on imports for most of its needs. “The clothes we are using are imported; Nigeria today is a net importer of food which is a problem because how can Nigeria be a net exporter of food?”

Kelikume said a country like Nigeria which is relatively import dependent will be susceptible to excessive currency fluctuations.

“There is a positive correlation between external trade and a country’s external reserve position hence the value of Nigeria’s exports in visible and invisible trade determines the strength of the country’s currency,” he said.