Thursday, October 29, 2020

Livestock Modernization, a Great Investment Opportunity for Agripreneurs – Experts

The lack of modern equipment in the nation’s agricultural sector has caused a major setback in the development of livestock farming, but on the other hand serves as an avenue for business owners to invest.

The lack of modern equipment in the nation’s agricultural sector has caused a major setback in the development of livestock farming, but on the other hand serves as an avenue for business owners to invest.

Experts stated that entrepreneurs can make use of this opening in livestock farming to venture into a profitable production if they are able to make provisions for the use of technologies, and bring in new innovation to solve issues that are limiting the development of the field.

Furthermore, specialists stated that easy access to veterinary services, as well as improved nutrition and modern husbandry for the nation’s livestock industry will boost productivity.

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The Managing Director of the Nigeria Incentive-Based Risk Sharing system for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, has said developing the productivity of local farmers beyond livelihood tends to be a way to boost agricultural growth.

Adulhameed, at an agribusiness submit, has said he noticed the difficulties farmers go through in production, which includes drought, pests, diseases, conflicts, and so on, standing as major disturbances to the improved production of crops and livestock.

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According to the NIRSAL boss, provision and the use of modern equipment in most parts of the farm seems to be a lasting solution to these threats, and those that are not financially capable to support agribusiness cannot venture into it.

It would be recalled that the National Livestock Transformation Plan (NLTP) was set up by the Federal Government of Nigeria, based on an intentional move from the local method of livestock production to a modern one.

The NLTP also targeted solving the herders and the farmers’ disagreement, which have been contributing to the yearly reduction in productivity.

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