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June 17, 2024

Don Advocates Comprehensive Agric Policy to Stabilise Economy, Maintain Low Inflation Rate

Opeyemi Ayinde, a professor of Agricultural Economics and Farm Management, has canvassed for comprehensive policy on agricultural surplus management to maintain low inflation rates and stabilise Nigeria’s economy.

He also underscored the importance of risk-taking in agricultural innovation and the promotion of gender inclusivity. 

The professor stressed this during the 251st inaugural lecture of the University of Ilorin titled, “The risk of not taking risk in agricultural innovation and gender inclusivity”, and emphasized key strategies for agricultural risk management, dissemination and adoption of innovation, and substantial growth in Nigeria’s agricultural sector while empowering farmers. 

Among the key recommendations highlighted by Professor Ayinde was the promotion of financial innovation and access to credit facilities for small-scale farmers. 

She said: “By creating financial products tailored to farmers’ needs and increasing access to agricultural credit, farmers can better manage financial risks and invest in their operations, ultimately increasing productivity and resilience to market fluctuations.”

Additionally, Ayinde stressed the need to provide information and training for farmers as a means to enhance decision-making and risk management capabilities.

“By enhancing access to information and providing training programs, farmers can make more informed decisions and implement strategies to manage risks effectively. These programs can also empower farmers to adopt best practices and innovative technologies, enhancing their risk management capabilities.”

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