The agricultural sector is significant to a country’s economic development process. This has already made a substantial contribution to refined countrie’s economic growth, and its role in less-developed nation’s economic improvement is essential. Agriculture employs approximately one-third of the developed nations population, making it the most significant source of income for the entire nation. Agriculture has always been a source of reliance. Even though rapid expansion in modern-day advancements has given inception to a significant number of progress factors, agriculture remains a significant factor.
Industries rely on agriculture for raw equipments, so without a flourishing agriculture sector, a big portion of the economy will stiffen. Agricultural prosperity has made a significant contribution to promoting economic advancement, according to lessons brought from the economic records of many developed countries.
Agricultural prosperity has made a significant contribution to fostering economic progress, according to lessons drawn from the economic histories of many advanced countries. It is worth noting that the leading developed countries of today were once mostly agricultural, whereas expanding economies continue to monopolize agriculture and contribute reasonably to national income.
Agriculture category remains Nigeria’s vastest sector, accounting for a standard percent of the country’s GDP over the years . Similarly, the sector employs more than 36% of the labor force in the nation, making it the biggest employer of labor in the country says Ifeanyi Emmanuel Johnson.
Mr Ifeanyi Emmanuel Johnson Stated that Nigeria is one of the underprivileged countries in the world, despite having plentiful human reserves. Aside from agriculture, real estate is a good investment because it is an ancient store of revenue that never loses significance and always boosts in value. Surprisingly, nevertheless, many Nigerians, particularly the youth, are not flocking to the sector.
Nigerians have legitimate concerns about investing in real estate. These concerns may be the result of previous personal experiences or stories from third parties. Whatever the case, there will always be risks associated with any type of investment. While investing, it is our responsibility to keep these risks to a minimum because This can be accomplished by conducting extensive research, consulting an expert in the field, and ensuring sanctity in dealings and not obstructing people’s property. Say Mr Ifeanyi Emmanuel Johnson.
He Further Expressed that Nigeria’s population is rapidly growing, with over double millions of people expected in the next 10 years. Real estate and housing, according to specialists, should be given special attention. Nigerians can use the real estate sector’s wealth potential to help alleviate the country’s poverty.
In the expert’s utterance therefore he ascertained that, as Nigeria’s population grows, there is a need for people to enter the entrepreneurship space of the housing and real estate as more jobs are created and poverty is reduced.
As a result, a real estate consultant, stated that there is an urgent need to make it easier to obtain as this will create easy access to land, allowing individuals to tap into their potential through infrastructure, and mortgage systems, and so on. This is critical because there are many untapped lands in Nigeria’s rural areas, and lowering logistics costs will attract more investors.
Mr Ifeanyi Emmanuel Johnson Believes that Real estate investment has a robust economic prospect; he said that investing in real estate doesn’t necessarily have to come through buying and selling landed properties. Cement and steel are other major semi-raw building materials and people can also tap into that space. Business empires have been built from these industries and many small and middle enterprises are coming from the cement and steel sectors.
Real estate investment is a great deal and another solid alternative to alleviate a country’s poverty as there will be more job opportunities as more businesses grow. The real estate sector has a lot of possibilities for motivated individuals and entrepreneurs, and there must be reformed protection so that the fears many Nigerians hold against investing in the sector will fade over time.
As more firms expand, there will be more prospects for employment, making real estate investment a fantastic value and another reliable approach to reducing poverty in a nation. Motivated people and business owners have many opportunities in the real estate market, and protection must be improved for many Nigerians’ reservations about investing in the industry to eventually disperse.
In summary, Agriculture and Real Estate as I have stated above they importanc should be depend on, The young adult should key into the industries to learn how it works and to sustain both the economy of the sectors and the economy of the country as a whole. There is no doubt that this two sectors are capable of improving our nation economy.