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What is the most profitable cash crop in Nigeria?

What is the most profitable cash crop in Nigeria?

Best Cash crops in Nigeria and their economic value

  • Soybeans.
  • Oil palm.
  • Tobacco.
  • Kolanut.
  • Cashew.
  • Cotton.
  • Sugarcane.
  • Guinea corn. Nigeria is said to be the highest producer of Guinea corn – also called sorghum – in the world, behind only the United States.

What are the disadvantages of cash crops?

The disadvantages associated with cash crop production is that vulnerable groups may experience food shortages, and the income and employment benefits of producing cash crops are not spread equally within households.

How do cash crops affect the economy?

Cash crops like cocoa and coffee, but also vegetables and maize, offer income and employment opportunities to the rural economy. In addition, farmers generate capital for management improvements and innovation, and cash crops accelerate the build-up of institutions that enable further commercialisation.

Why are cash crops bad?

Cash crops caused drastic effects to the environment. Poor soil quality, loss of forests, sediment build up in waterways, and the list goes on and on and on.

How many cash crops are there in Nigeria?

This is as a result of the diverse cash crop supporting soil and climate with which Nigeria is blessed with. The major agricultural crops in Nigeria are twenty in number. These include both the food crops as well as the cash crops and each will be discussed below alongside the states they are produced in Nigeria.

What kind of food can you grow in Nigeria?

The plant can be consumed in a big number of ways, so it is a good idea to grow this crop. One more widespread plant among food crops grown in Nigeria. This crop mostly produced in Central and South of the country. Plantain is a perennial crop, it requires moist soil, and one needs to wait for 9/12 months for harvest.

How long does it take to grow cashew nut in Nigeria?

At present, Nigeria is one of the leaders among the producers of this crop. Cashew tree gives two kinds of the product: cashew nut and cashew apple. A seed of cashew plant needs 2-3 years to grow into a tree. Cashew apple bears a seed that is cashew nut.

How many people are involved in agriculture in Nigeria?

Agriculture in Nigeria is very important, employing about 30% of the Nigerian population. While there’s some form of modernization in this sector, the majority of the people engaged in agriculture production in all states of Nigeria practice it at a subsistence level. Yet, Nigeria is a major producer of some agricultural crops in the world.