ACS contributing to the growth and development of the Nigeria agricultural Sector

According to a UN report, almost 690 million people in the world were undernourished in 2019, this is 8.9% of the world population. This figure may likely exceed 840 million by 2030 if the trends continue.

Food insecurity-both moderate and severe-has consistently increased since 2014, this was when the prevalence of under-nourishment was at 8.6%. Today, it is above 9%. Between 2018 and 2019. The number of hungry people grew by 10 million people.

One sector many people neglect to invest in is Agriculture. But not even one of us would survive for days without food and water. Truth be told, the agricultural sector is hugely untapped, especially in Nigeria. Projections show that the world on track to achieve zero hunger and Alliance Cooperative Society is poised to play a huge role in the realization of this goal.

Africa is among the youngest continents in the world. The current statistic according to Bountfield shows that 60 percent of the population of Africa is under the age of 25. As we ponder about investing in the needs of the youth population, we must look at where the greatest opportunities lie.

In sub-Saharan Africa, agriculture is a primary industry. It is worthy to know that farmers account for 60 percent of the population and between 40-80 percent of food consumed comes from small-scale farms.

When you consider the fact that we will need a 70% increase in food production by 2050 to keep up with the growing global population, it is quite easy to see that investing in new opportunities for youth in rural farming and agribusiness is critical.

This is exactly why Alliance Cooperative Society is positioned to assist its members to invest in this sector to help the wide gap in agriculture and ensure that the African continent and world at large do not go hungry.

We understand that when the agricultural sector expands, there would be a multiplier effect on the rest of the Nigerian economy and the African Continent.

Many Countries with strong agricultural outputs see a faster reduction in the rate of poverty, create new jobs both on and off the farm and record higher productivity in non-farm sectors of the economy.

These benefits are why Alliance Cooperative Society is eager to assist its members to invest heavily in this sector of the Nigerian economy as it would be beneficial in all ramifications and have a positive ripple effect on the environment.