West Africa is one of the largest agricultural business hub in Africa, with a total geographical area of 6,140,000 km2, or approximately one-fifth of Africa. Its estimated population was 371 315 193 in 2016, and its population growth rate is 11% per annum. Nigeria, the largest agriculture business hub in West Africa, its economic statistics reveal annual economic growth rates that averaged over 7% in recent decades, making Nigeria one of the fastest growing economies in West Africa.
Agro Inputs: Agro inputs contributed 75% to the agricultural development in Nigeria and other West Africa countries. More than 25 million people is the estimated commercial farmers while about 55 million are in rural farming, both are managing assets of about 320 billion USD.
Agro Equipments: Importation and local fabrication of agro equipments to aid farm-mechanization in the local farming industry in Nigeria and West Africa countries has been encouraged and it has led to the creation of millions of jobs in the agriculture & related industry. Recently, many Farm-tech big players had been targeting Nigeria Market due to the huge demand for technical know-how and agro equipment & machineries by individual, cooperate farmers and Government departments and Agencies.
To aid agriculture development for adequate food production and export purpose, there are provision for policies and organized programs by government departments. Such as Federal Ministry of Agriculture and Rural Development and Federal Ministry of Trade and Investment to regulate agro inputs and agro equipment uses for local farming and export markets.
Besides the Ministry, there are other government departments regulate the consumption of agro inputs products, such as National Agency of Food And Drug Control, (NAFDAC), Raw Materials Research and Development Council (RMRDC) and others. Apart from this, there are associations playing a major role in the development of Agriculture industry such as: Association of Farmers of Nigeria, AFAN, Federation of Agricultural Commodity Association of Nigeria (FACAN), Community of Allied Farmers Association of Nigeria, COMAFAS, Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN), Nigeria Agro Inputs Dealers Association (NAIDA) Croplife Nigeria, AMEFAN, Agricultural Machineries and Equipment Fabricators Association of Nigeria and others.
Meanwhile, Nigeria displaying big potential in using of agro inputs and equipment than any other countries in West Africa. In order to facilitate for advance farming technology to support this current status, Nigeria and other West Africa countries need a productive platform for all stakeholders to share knowledge and display latest technology.