Thursday, October 22, 2020

Hidden Prospects of Yam Production in Nigeria

For inestimable reasons, intensive production of yam is overtly one of the most rewarding farm businesses in Africa but its economic advantages are underutilized by countries.

For inestimable reasons, intensive production of yam is overtly one of the most rewarding farm businesses in Africa but its economic advantages are underutilized by countries.

Yam is of the most important and common food staple in Africa as it comes in various forms. Prominent among these are pounded yam, porridge, fried yam, yam flour and lots more.

Yam offers numerous nutritional and health benefits. Its complex carbohydrates and fiber slows the rate at which sugars are released and absorbed into the bloodstream.

In some parts of Nigeria, yam symbolizes wealth and cultural ideals. History affirms that the wealth of an average Igbo man in Nigeria is measured by the quantity of yam he harvests.

Economically, the demand for yam is huge which makes it a lucrative venture, if well managed. In addition, it could also be considered for exportation to other countries which in turn serves as a means of foreign exchange.

In West Africa, Ghana is the third largest yam producer in after Nigeria and Cote d’Ivoire. Conversely, in terms of exportation, Ghana accounts for over 94 percent of total yam exports in West Africa placing the country ahead of others. About 90 percent of Ghana’s yams are exported to the US, UK and the Netherlands.

Consumers Face Expensive Yams as Sellers Raise Prices

This confronts us with the questions; What are the economic benefits of yam production in Nigeria? How is Nigeria the largest producer of yam in West Africa but Ghana is the largest exporter of yam in the same region? Nigeria and Ivory Coast’s eyes are still blind to the opportunities that exist in their hands.

It is trite to note that with the standard recommended spacing of 1metre apart, hundred meters of yam ridge takes 100 yams. In the same vein, five hundred by five hundred metres would conveniently yield 50,000 tubers of yam in a year. Consequently, the 50,000 tubers of yam could amount to N10 million in a year.

As regards production, the cultivation of 500 x 500 meters of yam will require N3-4 million as startup capital. But after harvesting and with good marketing strategy, N10 million could be made from this, with a profit of N6 million in a year. Why would one prefer to languish in poverty and hardship when there is viable opportunity in yam  farming?.

Exporters Refute Yam Rejection Claim

More news

Nigeria Must Mainstream Food Safety in its Agricultural Production – Minister of Agriculture

The Minister of Agriculture, represented by the Coordinating Director, Nigerian Agricultural Quarantine Services, Dr. Vincent Isegbe charged stakeholders in the agricultural sector to mainstream...

FAO and WFP to Alleviate Hunger in Greater Kasai

The Food and Agriculture Organization (FAO) and the World Food Programme (WFP) have committed the sum US$10 million to improve access to food for...

Scientists Meet with Policy-Makers in Tanzania to Review Cassava Agronomy in Africa

Scientists from Africa and other parts of the world, under the umbrella of the African Agronomy Initiative (ACAI) held a meeting on the 11th...

Women Solicits for Gender-friendly Agricultural Policy

  A coalition of female farmers under the Smallholder Women Farmers in Nigeria (SWOFON) has canvassed for Gender-friendly Agricultural Practices and Policies of the Federal...

Kebbi to Explore Fisheries to Boost Tourism 

  Kebbi State Government has disclosed the plan to boost fisheries, tourism, micro, small and medium scale enterprises in order to create jobs and business...

CBN to Partner with FCDA, States for Dairy Production

  The Central Bank of Nigeria (CBN), in an attempt to end milk importation, has sought the partnership of the Federal Capital Development Administration (FCDA)...

Federal Government and APPEALS to Support Rural Farmers in Lagos

The Lagos State Commissioner for Agriculture, Mr. Toyin Sarau at a partnership workshop of the Agro-Processing Agricultural Productivity Enhancement and Livelihood Improvement Support (APPEALS)...

FG’s Focus On Agriculture Will Revamp Economy

The Governor of Kwara State, Alhaji Abdufatah-Ahmed, has disclosed that the Federal Government's commitment to agriculture will help reposition the country's economy for sustainable...

FG to Ban Milk Importation into the Country

The Federal Government of Nigeria is considering placing a ban on milk and other diary products importation into the country in a bid to...

FMARD and IITA to Train Yam Farmers

The Federal Ministry of Agriculture and Rural Development (FMARD), is in partnership with the International Institute for Tropical Agriculture (IITA), and Yam Improvement for...

Christian Broadcasting Network (CBN) Africa Supports Nigerian Farmers Community in Oyo

Ife Oluwa Farmers’ Cooperatives Society of Adetoyebi-Ajibode community, Akinyele Local Council Area, Oyo State have received donations of palm oil and cassava-processing mills from...

Related news

IITA  Signs pact With University of Florida For Joint Agric Research

The International Institute of Tropical Agriculture (IITA) and the Institute of Food and Agricultural Sciences, University of Florida (UF/IFAS) through a new partnership introduces...

NACCIMA Suggests Ways to Grow Agriculture

Chief Alaba Lawson,the National President of Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture gave recommendations to the government on how to...

NVMA, Vetsark Signs MoU to Curb Animal Disease Outbreak

The Nigerian Veterinary Medical Association (NVMA) has signed a memorandum of understanding (MOU) with veterinary technology firm Vetsark Limited to tackle disease outbreaks in...

Katsina Farmers Express Worry Over Decline in Maize Cultivation

Maize farmers and merchants in Katsina State have expressed concern about a possible reduction in maize cultivation as a result of ongoing attacks by...