Nigerian Economy: Investing in Resilience Focused on Agriculture

Economic shocks do not only threaten people's lives but also their future livelihoods. To move ahead and address these shocks involve understanding how different sectors of the economy can be improved upon sustainably to achieve economic prosperity. Investment in agriculture provides a roadmap for creating a resilient Nigerian economy. A proper understanding of the uncertainties faced by the Agricultural sector and effective strategies to manage these uncertainties is vital to creating a diversified and resilient Nigerian economy for sustained growth and economic transformation. According to Jamais Cascio, “the goal of resilience is to thrive” (Instarinvest,2021) Agriculture is part of the solution to thrive and an optimistic path to Nigeria’s resilience drive. This paper provides a careful analysis of the challenges faced by Nigeria’s Agricultural sector and prioritizes investment solution to manage these challenges and position the economy to be resilient. The paper provides policy recommendations covering extensive public-private financing, climate-responsive agriculture, early warning system, improved seeds technology and check on government expenditures and debt profile, which will serve as tools and mechanisms to assess, reduce, and manage economic shocks and the uncertainties in the Agricultural sector. Investing in resilience focused on agriculture is an absolute prerequisite for a robust sector.