Food Security In Nigeria

What is food security? Well, in attempting to answer this question, there are two key words that stand out here – food and security.

Food, according to the dictionary is any substance that people or animals eat or drink to stay alive.

Rice, beans, millet, fish, meat, water, dairy products, vegetables, fruits, alcohol, wine and soft drinks are some of the foods and drinks we know.

Security, on the other hand is about protection and freedom from threats, violence, danger, worries, bloodbath or even death. So, in my own words, food security is basically about having food to eat with your family.

Let us zero in on Nigeria and look at some statistics on agricultural transformation. Nigeria, as you know has an estimated population of about 150 million people from 774 local government areas and 36 states and Abuja. Good market, if you ask me.

But, about 80% people in Nigerians live in the rural areas. These citizens are mostly old, uneducated peasant farmers with crude, obsolete tools, trying to keep their souls and body together.

On the other hand of the same coin, there are big time farmers in major cities across the countries, who are into modern, mechanized large scale farming.

These farmers in most cases export their farm products to developed countries like the United States of America, United Kingdom, among other countries to earn foreign currencies. Little of these products are left for local consumption.

So, with about 98.3 million hectares of land mass in Nigeria, only 73.7millionn, representing less than 50% are under cultivations, even as 80% of funds provided by the Nigerian government cannot be accessed by the poor, old, uneducated farmers at the rural areas.

Yet, we are preaching the gospel of food security. It is the rich and well connected big time farmers that get to access the funds.

No wonder with the N18, 000, some workers cannot feed themselves with their salaries for two weeks.

Research has shown that in the last ten years, our beloved country has spent more than $2 billion importing all sorts of foods and drinks raging from rice, bean, meat, fish, dairy products and wheat from other countries to Nigeria.

So, what I am driving at here is simply that it is the business of government to create an enabling environment for farmers, big time and peasants to operate from in order to feed the citizens.

Truth is that all over the world, government does not have the capacity to run businesses and succeed.


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Numerous advantages can be availed using binary signs, such as time duration for the binary commerce. These signs must be channeled at nighttime so the traders have plentiful time for their perfect selection. Nonetheless, these signals may seem specialized in the beginning, but using the passing of time they bring a significant change in your trading experience.

Picking a binary options sign provider is a vital step in the process of using signals. A number of the providers will falsify bring in history and results so that they seem better than they really are. So… have a look around at the different options and be assured they are supplying a value for money.

The security that is being traded is known as the underlying asset and can contain commodities (e.g. gold, silver, nickel, lead, and oil), currencies (USD/JPY), stocks (e.g. Apple, Microsoft, IBM) or stock indices. The price where owner buys or sells is called the strike price.

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There are critical differences between binary option trading and an everyday trading. Under normal trading you actually own the asset and can have it for any time you desire. Under option trading, you are really trading on the variances of the strength.

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Fundamentally, binary options signals are recommendations. But these recommendations are derived from computerised analysis that uses a special algorithm and careful tracking of the financial market. After the evaluation is complete as well as a recommended trade is generated an automated message is transmitted to the trader who can follow the proposition or disregard it.