Nigeria: Budget 2021 – Nigeria Proposes Lowest Funding for Women in Agribusiness in Four Years


Women in the agricultural sector contribute 75 -80 per cent of the production in Nigeria.

Women in agribusiness will receive the lowest funding in five years if the 2021 budget is passed into law, an analysis of the federal budgets since 2017 has shown.

The 2021 Appropriation Bill was sent to the National Assembly on October 8 by President Muhammadu Buhari, and has passed the second reading at the Senate.

In the budget, the government allocated N416 million to women in agribusiness. Women in agriculture are believed to be the major food producers in the sector.

Women in the sector contribute 75 -80 per cent of the production in Nigeria.

Usually, women are seldom associated with agricultural export crops such as cocoa, rubber, cotton. However, they are relatively involved with the production of food crops such as maize, pepper, cassava, and vegetables.

Sometimes, women participate in small scale animal production including small ruminants, poultry and aquaculture.

Agribusiness in Nigeria

Agribusiness is the business sector encompassing farming and farming-related commercial activities, according to Investopedia.com.

Agribusiness covers all aspects of commercial agriculture.

In the past few years, policies have been put in place to ensure the rapid growth and development of the Nigerian agribusiness sector.

Experts say in Nigeria there is a transformed attention on increasing the non-oil sector of the economy.

The sector is undergoing a revitalisation, with dedicated government policies geared towards encouraging farmers and investors and increasing the contribution of the sector to the GDP.