The Lagos Chamber of Commerce and Industry (LCCI) has emphasized that agriculture is the key sector for driving diversification, creating jobs, reducing poverty, and fostering inclusive growth in Nigeria.
The Chamber stated that Nigeria must move beyond dependence on crude oil as the mainstay of its economy.
Gabriel Idahosa, President of LCCI, made these remarks on Wednesday during his address at the 2025 Annual Fair Symposium of the Agriculture and Allied Group.
The event, held at the LCCI Conference and Exhibition Centre in Alausa, had the theme, “Agri-Business in the 21st Century: Changing the Narrative.”
Idahosa, who was represented by Abimbola Olashore, the LCCI Vice President, expressed the need to shift the public’s perception of agriculture.
According to him, agriculture should no longer be seen solely as a means of survival, but rather as a dynamic and lucrative sector that can foster wealth creation, innovation, and global competitiveness.
He pointed out that the 21st century has brought both challenges and opportunities. Climate change, food insecurity, disruptions in supply chains, and shifting consumption patterns have all had an impact.
However, these challenges have also opened up avenues for advancements such as digital farming, biotechnology, precision agriculture, climate-smart practices, and the integration of value chains.
“Agriculture today is no longer about simply farming the land. It involves the use of technology like data-driven approaches, drones for field monitoring, smart irrigation systems, vertical farming in cities, and blockchain technology to improve food supply chain transparency.
“The emerging landscape is an essential shift for Nigeria and Africa, especially with the population expected to surpass 400 million by 2050. Agriculture must be seen as both a solution to food security and a driver of economic growth,” Idahosa said.
Idahosa also referenced statistics from the National Bureau of Statistics, revealing that agriculture currently contributes over 25% to Nigeria’s GDP and employs around 35% of the workforce.
However, he noted that there is still significant untapped potential within the sector.
Despite the billions Nigeria spends annually on food imports, he said he is optimistic that the growing number of innovative agribusiness leaders in the country are proving that agriculture can be profitable and transformational.
Tunde Banjoko, Chairman of the Agric and Agro Allied Group, added that LCCI is committed to reshaping how the public views farming.
He emphasized the need to present agriculture as a modern, technology-driven, and financially rewarding career choice, particularly for younger generations.
“We want to make farming an attractive profession. It should be seen as a career that young people can be proud of.
“In many developed countries, agribusiness is approached as an innovative field, and we hope to replicate this model here. Modern farming now integrates information technology, mechanization, and precision tools, enabling individuals to manage farms without the negative stereotypes that often surround the profession,” he said.
