Roles of international agricultural organizations in economy revamp: The Nigerian experience

Abstract

The enduring problems of hunger and poverty in Nigeria are mostly the result of the agriculture sector's failure to have the desired positive impact on the populace. Hence, the study reviewed the roles of international agricultural organizations in economy revamp: the Nigerian experience. In retrospect, a few governments did make an effort to make a statement about agriculture through the creation of farm settlement programs and state-owned agricultural development organizations. However, welfare concerns more than ever served as justification for these activities rather than absolute economic need. The intervention of International Agricultural Organization (IAO) through various types of international agricultural programmes became significant by concentrating on sustainable agricultural practices, technology transfer, capacity building, and policy advocacy, modernizing agriculture, infrastructure development, policy advocacy and reforms, global agricultural trade , market access and trade, climate resilience, research and development, international research and collaboration, food security and agricultural development. To mention but a few, World Bank, International Fund for Agricultural Development and United State Agencies for International Development have contributed to agriculture revamp in the Nigerian economy. Challenges Affecting the Nigerian Agricultural Economy in International Business include: Infrastructure Deficiency, Limited Access to Finance, Inadequate Research and Development, Policy Instability and Inconsistency. It was presented in the study that by providing solutions to these challenges will contribute to a way forward to revamp agriculture in the Nigerian economy, making it more robust, sustainable, and inclusive.