Mr. Francis Toromade, the Director-General, Premier Agribusiness Academy has on Monday said there is need to bridge the gap between agriculture and agribusiness for profitability and food sufficiency.
Toromade told a news conference in Lagos that for agribusiness to become profitable in Nigeria, farmers had to acquire cognitive skills and knowledge of human capital development.
He said that marketing and sales of agricultural products as well as logistics and supply chain management through continuous training and learning is important.
Toromade, who is also a facilitator in Lagos Business School said that for Nigeria to realise this vision, there must be significant increase in local food production cutting across livestock, crop and aquaculture.
According to him, agriculture has the ability to contribute significantly to the overall development of the nation’s economy and Gross Domestic Products (GDP) if effectively and efficiently managed.
Toromade explained that there was a huge difference between agriculture and agribusiness, saying that what makes agriculture a business was its ability to generate profit and contribute significantly to the economy.
He added that until farmers began to see agriculture as a business venture and invest in acquiring the managerial knowledge needed to boost production and ensure profitability, food self-sufficiency for Nigeria might remain a mirage.
According to him, the vision of Premier Agribusiness Academy is to transfer well researched and innovative competences required for sustainable investments in the non-allied industries of the agriculture sector to farmers.
He said the academy is willing to collaborate with major players in the agribusiness value chain both locally and internationally to assist farmers’ quest for knowledge to grow their businesses.