The Lasgidi Farmer Podcast

By: The Lasgidi Farmer
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  • Summary

  • The No. 1 Agriculture Podcast in Nigeria, that discusses pertinent issues and opportunities in the Nigerian agriculture space and educates on profitably and successfully establishing and running different agricultural ventures.
    The Lasgidi Farmer
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Episodes
  • EP 10 | Bunmi Agbato: Agrifood Business: Insights from the Nigerian & UK markets.

    EP 10 | Bunmi Agbato: Agrifood Business: Insights from the Nigerian & UK markets.
    Sep 27 2024
    Last year the value of trade between Nigeria and UK reached £7.1bn, almost doubling in the last decade. Nigeria’s exports represent £3.1bn of the £7.1bn and agricultural & food items form 45% of the 31 items that constitute the £3.1bn trade. However, this 45% just make up 0.4% of the £3.1bn value. Mineral fuel, oil & distillates take 77%. This is true as oil exports form bulk of our foreign earnings, even while agriculture is the highest contributor to the Nigerian gdp. Last saturday, I sat with Olubunmi A. Agbato (Yahya) to assess the agrifood market, opportunities for small agribusinesses with increasing globalisation, were we addressed the aforementioned issue among many others. Olubunmi questioned the data veracity and informed that many of exported agrifood products are not being captured in the data process, as they are informal & small often go unregistered. She maintained that more Nigerian agrifood businesses are internationalizing accessing global opportunities and with foreign businesses participating to serve the Nigerian/African diaspora market. Agbato recognised the chellenges the domestic agrifood business face with certification, competition & also efficient foreign players. She emphasised that foreign participation rather proves the expanding market and calls for supporting domestic players with proper structure, certification and to cost-effectively produce and effectively compete. Yahya acknowledged the increased competition landscape for agrifood businesses & especially for small business and advised for continuous learning, capacity building, innovation adoption, adapting strategies, doing new things and differently to survive and scale. It was reiterated entrepreneurs or small agribusinesses seeking to internationalize must conduct appropriate research of the market and target audience and evaluation of internal factors to their business & establish accordingly foreign market entry, marketing, business strategies. Bunmi canvassed the need for government to commit to agriculture to unleash the potential of the sector raising domestic output to drive non-oil commodities exportation & foreign earnings. The gap between the four subsectors of the agriculture sector is huge that if the lagging sectors were improved the value of the nation’s agriculture would rise significantly. Crop production form about 90% of the discussed sector & the livestock, fishing, and forestry subsectors sharing the rest. The livestock unit particularly has great potential with its industry worth ₦30trn and projected could double if conditions were right. All these sectors improving accordingly would mean greater domestic output & exports. We discussed many other issues encompassing business management challenges for multinational players and effective management stragies, etc., which are in a recorded video to be published on Spotify and YouTube & will be shared soon.
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    2 hrs and 2 mins
  • The Poultry sector & its Input supply challenge (with Gbenga Aderemi-Williams, Amos Odewale, & Tosin Benjamin).

    The Poultry sector & its Input supply challenge (with Gbenga Aderemi-Williams, Amos Odewale, & Tosin Benjamin).
    Sep 15 2024

    Poultry products provide high quality protein and used to be affordable allowing for easy access of essential protein and minerals important for proper physical, mental growth and development.
    So when the prices of eggs and chickens are off the roof our food security is challenged with many falling into hunger and malnutrition, worsening human development index.
    It’s the reason discourse as this is crucial.
    Experts in the poultry and agrocommodity sectors will be helping us fully understand the challenge in the sector from the production and input supply chain arenas and offer robust potent solutions.
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    1 hr and 56 mins
  • EP 09 | Adepitan Olumuyiwa: Cassava value chain -Opportunities & Development Prospect

    EP 09 | Adepitan Olumuyiwa: Cassava value chain -Opportunities & Development Prospect
    Sep 2 2024
    Nigeria is the largest producer of cassava in the world at about 60 million MT (forming 21% of global productions). But in spite of this the country is unable to satisfy to a good extent, local demand for cassava products let alone see substantial revenue from cassava value chain. Her production is root-focused and mostly for consumption, where the method of production less productive and the bulk of harvest going to waste. If explored fully, productively and efficiently the value chain, Nigeria could be seeing a total earnings of $3.4bn per annum. Even when the country pursue value addition, it exploits the least earning value added product of the cassava value chain, garri (cassava flakes) with export market $344k and domestic $62k. For instance, local demand for HQCF (High Quality Cassava Flour) is $215m and the export market more, at $1.4bn. Thus, Nigeria, for this reason among many others, fails to register among the globe's leading exporter of cassava root and value-added products. In 2018 Thailand led this by 6.4mT despite having 30mMT lesser output to Nigeria's. An experienced fellow in that industry, Adepitan Olumuyiwa discusses the value chain helping to understand the production, business, unique challenges in the field, products in the value chain why they are not being explored and ways to viably actualise their potential. Adepitan is based on Owo in Ondo, cultivating diverse cash crops cassava inclusive where he employs agribusiness with leverage of local resources to bring about community development. Olumuyiwa with his experience talks about the importance of the rural economy to national economic growth touching issues to address and enabling conditions to ensure to realise the capabilities of rural economy. He shares his challenges regarding farming and especially with sustainable land for long-term farming relating it to the challenges farmers face in general.
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    2 hrs and 39 mins

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