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Subject
Nigerian self-sufficiency push.
Significance
The government has renewed efforts to prioritise food self-sufficiency and modernise farming practices. However, despite the impetus to drive sector growth and diversify away from oil, necessary wider structural reforms have stalled.
Impacts
Big-ticket programmes will attract most international focus despite the investment potential in Nigeria's mainly small-scale holdings.
Growth in agricultural output will remain low in the medium term as inefficiencies persist and core inflation remains elevated.
The government’s import ban may aid domestic production targets but will further encourage a flourishing ‘grey market’ (eg, parboiled rice).
Keywords:
Nigeria,
AF,
economy,
industry,
international relations,
politics,
social,
agriculture,
black market,
corruption,
election,
food,
foreign investment,
government,
investment,
party
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2018
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