Business Opportunities in Nigerian Agribusiness

Question-and-answer flashcards covering key concepts, stages, opportunities, and technologies in the Nigerian agricultural value chain and agribusiness sector.

What are the five main stages of the agricultural value chain?

1) Input supply, 2) Farm production, 3) Post-harvest handling, 4) Marketing and distribution, 5) Consumption.

Who are the primary stakeholders involved in the agricultural value chain?

Farmers, suppliers, processors, traders, and consumers.

Why is understanding the agricultural value chain important for entrepreneurs?

It helps identify opportunities for improvement, innovation, and investment across each stage of the chain.

Give three examples of crop production activities within farming.

Planting maize, cultivating cassava, and growing vegetables (e.g., tomatoes, peppers).

List two examples of livestock production in Nigeria.

Poultry farming (chickens) and cattle rearing (beef or dairy).

What is precision agriculture?

A farming approach that uses technologies like drones and satellite imaging to monitor and manage crops precisely, improving yields and resource use.

Define agro-processing.

The transformation of raw agricultural products into value-added goods through methods such as canning, milling, packaging, or freezing.

State four goals of agro-processing.

Preserve perishable products, enhance shelf life, improve nutritional value, and increase market value.

Provide three examples of agro-processed products.

Canned fruits, milled flour, and processed meats (e.g., sausages).

How does agro-processing reduce losses in agriculture?

By transforming and preserving produce, it minimizes post-harvest spoilage and waste.

What are the four main sales channels mentioned for agribusiness products?

Wholesale and retail marketing, direct-to-consumer sales, online sales (e-commerce), and export sales.

Name three key components of distribution in agribusiness.

Transportation, storage and inventory management, and logistics/supply-chain management.

List three success factors for effective sales and distribution in agribusiness.

Identifying target markets, building relationships with buyers, and maintaining product quality and freshness.

Give four examples of farming technologies used to improve productivity.

Drones for crop monitoring, tractors for mechanization, agricultural software apps, and irrigation management systems.

Mention three benefits of adopting farming technology.

Increases crop yields, reduces labor costs, and promotes sustainable farming practices.

Identify two ‘other opportunities’ in the agribusiness sector beyond farming and processing.

Agricultural consulting and advisory services, and agricultural finance and insurance.

List four reasons why investing in Nigerian agribusiness is attractive.

Growing demand for food, potential for import substitution and export earnings, opportunities for job creation and value addition, and government support/incentives.

Summarize the overarching conclusion of the lecture regarding Nigerian agribusiness.

The sector offers diverse opportunities—from farming and agro-processing to technology and distribution—allowing entrepreneurs to generate profit while driving national economic development.