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Wednesday, December 15, 2021

Under-investment leads to lack of technology adoption in agriculture - NaijaAgroNet

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Under-investment in agriculture has been identified as one of the causes for low productivity and lack of adoption of technologies in the sector, reports 
Dr Olawale Olayide
The Coordinator of the Centre for Sustainable Development, University of Ibadan, Oyo State, Nigeria, Dr Oluwale Emmanuel Olayide gave this insight at a presentation he made at the ongoing 3rd ECOWAS People Agriculture Budget Summit, Hawthorn Suites, Abuja on Tuesday.
As said by him, under-investment in agriculture causes low productivity, lack of adoption of technologies, disempowerment of smallholder farmers, food and nutrition insecurity.

Public investment in agriculture, he said, has been identified as a commitment that would enhance agricultural transformation in Africa under Comprehensive Africa Agriculture Development Programme (CAADP) programme.

Olayide, who is reputed as a consultant researcher, enjoined member states to recommitt to the minimum of 10 per cent of government spending to agriculture annually

He also underscored the importance that significant and positive relationship exist between agriculture finance and the Malabo overall scorecard.

“Members states who spend up to 10% of total government expenditure on agriculture are on-track to achieve the Malabo commitments, and only two member states are currently on track,” he said.

Therefore, he posited that ending hunger, poverty, women disempowerment, food and nutrition insecurity may remain a mirage unless the member states are re-committed to 10% of total government expenditure on agriculture.

Remmy Nweke in Abuja/DoP

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