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Bangladesh and Nigeria have expressed mutual interest to expand bilateral trade and investment. [3] Bangladeshi pharmaceuticals, knitwear, cement, jute and jute goods, ceramics, ocean-going vessels, light engineering, leather and plastic goods have been identified as products with huge potential in the Nigerian market. [ 4 ]
The Ministry, formerly known as the Federal Ministry of Agriculture and Rural Development (FMARD), was established in 1966. [4] The Ministry is responsible for the formulation and implementation of policies to provide food for a growing population, supply raw materials for industry, expand markets for agricultural products, create jobs, and diversify the economy.
The Federal Ministry of Agriculture and Rural Development is a Ministry of the Federal Government of Nigeria that has the mandate to ensure food security in crop, livestock and fisheries, stimulate agricultural employment and services, promote the production and supply of raw materials to Agro-allied industries, provide markets for the products of the industrial sector, generate foreign ...
The ministry is the apex body for formulation and administration of the rules, regulations and laws related to Agriculture in Bangladesh. Directorate/ Agency [ edit ]
A farmer and his cow. The majority of herders in African countries are livestock owners. Livestock farming is a part of Nigeria's agriculture system. In 2017, Nigeria had approximately over 80 million poultry farming, 76 million goats, 43.4 million sheep, 18.4 million cattle, 7.5 million pigs, and 1.4 million of its equivalent. [26]
Agriculture is the largest employment sector in Bangladesh, making up 14.2 percent of Bangladesh's GDP in 2017 and employing about 42.7 percent of the workforce. [1] As of the financial year 2022 to 2023, the agricultural sector contributed to more than 12% of GDP. [ 2 ]
This was manifest with a yearly investment of 15% of Nigeria's gross national product. [citation needed] This would contribute to a minimum growth rate of 4% annually. [citation needed] Ultimately, the First National Development Plan failed, the Nigerian government did not provide the amenities which were promised to farmers.
The Agricultural Research Council of Nigeria (ARCN) is a Nigerian government agency coordinating and monitoring agricultural research to increase agricultural productivity for economic development. [ 1 ] [ 2 ] The agency also trains farmers, [ 3 ] for instance through television and radio programs.