The Economy of Nigeria is dominated by Crude oil and petroleum together with manufacturing and processing industries. The country has rich mineral and resource deposits, comprising of gold, uranium, coal diamond and other precious stones such as iron-ore, zinc, tin, magnesium and lead e.t.c. But today, we want to look at other commodities that can be exported from Nigeria along side crude oil.
One of such commodities is soybean. Soybean is one of the commodities Turkey imports and last year alone, they imported soybean of 885 million USD. According to Internal grains council, world trade in soybean is expected to expand between Oct 2020 and Sept 2021) to a new peak. As Nigeria struggles to cushion the devastating effects of covid 19 on our economy, we must embrace agriculture fully because we all know from experience that Agriculture is indeed the surest path for inclusive well being of our nation, economic growth and job creation. No country or region has built a modern economy without first strengthening the Agriculture sector. In a media briefing recently, the president and chairman of globe chamber of commerce and Industry, Hon. Buchi George called on the government of Nigeria to support everyone that works on Agriculture even in the rural areas because they contribute to the growth of the country. In his words, he said "a lot of rural people many of whom work on small scale farms are particularly vulnerable to the impacts of covid 19 crisis. He called on the government to innovate since Agriculture is one of the key pillars of our economy.
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