Nigeria should be a Developed Nation, rubbing Shoulders with the west: What is wrong?

Funom MakamaStarred Page By Funom Makama, 13th Mar 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/jqiz277n/
Posted in Wikinut>Business>Business Opportunities

Nigeria is in the western Part of Africa with about 160 Million People (2011 World Population statistics) and more than 300 Tribes and ethnic groups. It is still rated as one of the poorest Nations in the world with more than 75% of its population living below $1/day, but the revelations of this article will surprise you on how this Nation is still in this state.

Introduction!

I once read an article about the best tourist attractions in the Phillipines by Buzz. This article is so fascinating and the pictures I saw about Phillipines were captivating ones which will tempt anyone to want to go to the Phillipines.

It did not just stop there, some days after, I read about London by Johnnydod "London, where half the World's Population meet the other half" then I began to wonder what I can write about Nigeria.

Of course there are lots of beautiful and wonderful places to visit and sites to see in Nigeria and for the fact that it consists of people of more than 300 different tribes and ethnic groups is enough information to raise much curiosity in any tourist to visit Nigeria. And if you do doubt me, go to
this link. But I choose not to write about the beautiful places in Nigeria, besides they are just a few of such places when compared to the elite group of the Developed Nations. What then is my Purpose of this piece?

Nigeria is far from where it suppose to be!

Nigeria is rated as one of the poorest countries in the world, but is it really poor? We may say, it is lacking behind because of its corruption level as it is ranked as one of the most corrupt Nations of the world. But even with the corruption, some of my unbelievable findings show that we can still be where we suppose to be. Is there any Nation which is not corrupt? The corruption in Nigeria is indeed gross, but even with that, with the abundance of resources possessed by this Nation and even endowed with Human resources and Agricultural products, Nigeria should be a thousand places ahead of its present position.

Before I go into details on what I am talking about, here is just a fraction of what Wikipedia states about Nigeria: "................Nigeria also has a wide array of underexploited mineral resources which include natural gas, coal, bauxite, tantalite, gold, tin, iron ore, limestone, niobium, lead and zinc. Despite huge deposits of these natural resources, the mining industry in Nigeria is still in its infancy.
Agriculture used to be the principal foreign exchange earner of Nigeria. At one time, Nigeria was the world's largest exporter of groundnuts, cocoa, and palm oil and a significant producer of coconuts, citrus fruits, maize, pearl millet, cassava, yams and sugar cane. About 60% of Nigerians work in the agricultural sector, and Nigeria has vast areas of underutilized arable land.
"

What then happened?

With the discovery of Crude Oil in the 70s, everyone opted for "easy-cash".. No one wants to till the soil anymore, everyone just want to get from the already presented cash from the drilled product. And this was the advent of the abject corruption in the Land.

We, the Nigerians have forgotten that this Crude Oil is just one out of the over 30 products we have which can generate enough income for the entire Nation. We fight for a coin when we have a bag of Coins just beneath the Table. No one wants to raise or shift the table in order to reach the bag, but we rather fight and kill ourselves for the Coin above the table (despite the fact almost everyone knows the massive wealth beneath the Table). Are we now fools? Is the land cursed? Where is the glory we had even before the discovery of Crude Oil? We were building roads, schools, basic amenities and infrastructures, living fine, peaceful, sincere, hardworking and respected when we had only Groundnut and Cocoa. Crude Oil suppose to add more blessing, why is it a curse now?

It is really unfortunate!

In those days, the Northern part of Nigeria cultivated Cotton, which led to the rise in the Textile industry. Cotton production and the Textile Industry gave rise to about 997,000 jobs and especially Northern and Eastern Nigeria, there were more than 12 Major textile Industries functioning efficiently. But as of 2010, all but one of the textile companies collapsed and about 2,000 workers are recorded to be in the textile Industry. No more Cotton cultivation and more unemployed are left to the streets, all because of Crude Oil. Is this how it should be? Why should we allow one Natural resource kill the other? We ought to be using the addition principle here and not subtraction.

Africans are known to be hardworking and hence resources discovered with our Hard work ought to make us more prosperous not dragging us to the direction of Poverty. Nigeria is blessed with Agricultural products such as: Palm Fruit, Coco nut, sugar Cane, tubers, Beans, Fruits and Vegetables, Rice, Timber and Wood, Rubber, Corn and other grains (Millet, guinea corn etc), Wheat, Cotton, Ginger, Animal Husbandary (Fish, Goat, Cattle, Birds, Rabbit, Sheep, Snail, Bee etc), Groundnut and Cocoa. Making it a total of 16 different products which can serve as massive means of income.

As for the Natural resources, there is the Crude Oil, Limestone, Kaolin, Gemstones (Sapphire, Ruby, Aquamarine, Emerald, tourmaline, Topaz, Garnet, Amethyst, Zircon and flour spar), Tantalite, Talc, Dolomite, Bauxite, Tar, Coal, Iron Ore, Bitumen, Lead, Zinc, Niobium, Gypsum, Tin and Gold. Making a total of 18 Natural resources and in total Nigeria should boost of 34 different resources (both Agricultural and Natural) which should bring a great deal of income to it. Is this not Massive?

What is actually happening? Why is it difficult to gain admissions into Universities? Why the high rate of Poverty? From the wikipedia quote, most of these are not even drilled. Let's consider a recommendation.

Consider the Natural resources!

We have seen from the past that the production or efforts put in some resources have led to some magnitude of prosperity in the Land (even though corruption happens to eat up this advantage). Crude Oil and Limestone for instance are good examples and another perfect example is the telecommunication industry in Nigeria (presently). These facets of the economy not only gave income or provided Jobs, they also created subsidiary jobs/mini-Industries and/or micro economy for the people and we will use these as examples to how we can make proper recommendations on the untapped resources.

Crude Oil
Found in such states: Abia, Akwa Ibom, Anambra, Bayelsa, Cross River, Delta, Ebonyi, Enugu, Imo and Rivers. We need not talk about Crude Oil again because it is what the entire Nation is feeding on and it has brought great income into the country (even though the funds are grossly misused). More expansion is going on as more discoveries on its deposit are done in other states of Nigeria. The National reserve of about 40 billion barrels shows there is still plenty more to explore. I will not go into much details here. Let's consider other ones.

Limestone
Limestone is another Natural resource which is a huge blessing to the Land. It is found in Edo, Ekiti, Nasarawa, Ogun and Benue States. It's capacity is about 350 Million Tonnes around the Nation and even if there would be a yearly exploration of 1,500,000 Tonnes, it will take more than 200 years for the reserve to be used up. The Nigerian Billionaire, Aliko Dangote is what he is today because of his exploit on Limestone in manufacturing Cement. If more hands are welcomed into this resource, more income can be generated by the Nation. Aliko Dangote today can boost of employing more than 10,000 staff (even though he also venture on food items). Nigeria presently explore not up to 500,000 Metric tonnes of Limestone, so an added 1 Million metric Tonnes can be mined for National use or for exportation. Since the value of 2 Metric Tonnes is between $3,500 to $5,000, we can assume it is $4,000. Hence, one Metric Tonne is $2,000.
1 Million Metric Tonnes entails an income of $2 Billion which can create 200,000 Jobs even with a reserve of about $500 Million.

I will adopt exactly this kind of analysis to evaluate the other resources. Just in case you do not understand, here is how it works. An additional $2 Billion from Limestone is generated but workers need to be paid and once a while some maintenance needs to be done. So, let's say having an average monthly salary of N100,000 (Naira) for each of the 200,000 workers is enough and even in excess to also cover a 'once in a while' maintenance cost. For a year, the average salary of each worker would be N1.2 Million. If we convert this to Dollars at N160 to 1$ that will give us an annual income of $7,500 (On an average). Multiplying this by 200,000 Workers will give a sum of $1.5 Billion. The remaining $500 Million from the $2 Billion can be used as National reserve for other developments of the Nation.

If this is understood, we will be using exactly this analysis to evaluate other resources. And I will do my best possible to evaluate based on the N100,000/month/Worker theory. Mind you, majority of workers will definitely earn below that amount (especially the non-professional staff) while a bulk will earn within the region of that same amount and a very few (even as less as 20%) will earn more or much more than this. In this respect, the average can be well balanced at the amount with an excess left. If this excess is saved for several years, it should be able to meet up with the financial requirement for maintenance of the Industry's Infrastructures. So, for this mathematical evaluation to work, after subtracting the proposed reserve from each resource, the remaining income left would be divided by $7,500 to be able to get the required number of workers such a Natural resource can produce.

These first two natural resources are already tapped, but the next ones are yet to be explored and hence my points hammering more on them.

The Untapped Resources

1. Kaolin: Kaolin is in abundance in States such as Plateau, Edo, Ekiti, Ogun, Kogi, Imo, Katsina, Rivers, anambra, Bauchi, Ondo and Akwa Ibom, amassing a reserve of about 200 Million Tonnes. Kaolin is used in ceramics manufacturing, Medicine, Coated paper, Food additives and Toothpaste production. Also used in the manufacturing of Incandescent Bulbs and in Cosmetics. 100,000 Tones of Kaolin mining every year will result to about 200 years of Kaolin mining before its been used up.

Now, the cost of 1 Kg of Kaolin is about $7, Therefore, 100,000 Tones would be $7 X 1000 X 100,000, which is $700 Million per Annum of income. This does not stop there, such a capacity can create jobs for about 80,000 people and still have a reserve of at least $100 Million. Besides, such a production can create more jobs in Cosmetics production, Bulbs manufacturing, food additives, coated paper, Pharmaceutical and Dental productions. Another 20,000 Jobs can be created. Yet this is lying deep down beneath our soils while we suffer!

2. Silica: Used for Glass Manufacturing, ceramics, CD's and many other products. Silica is non-quantifiable in Nigeria, especially in the Sahel Savannah (Extreme North: Sokoto, Borno, Kanu, Kebbi, zamfara, Katsina and some parts of the Middle-Belt, especially Niger State). Since Ceramics and Glass are the two major products of Silica, we will use the two products for Analysis. Nigeria has the potential to produce 25,000 Tones of Ceramics and 35,000 Tones of Glass yearly. This is the minimum value for evaluation sake. Ceramics is estimated at $5/Kg, which Glass should be at $2/Kg. This will bring a total of + = $195 Million. This also can give a minimum of 22,000 jobs and still have a reserve of $30 Million.

2. Tantalite:The two major states with Tantalite are Ekiti and Nasarawa states. Different press releases and surveys propose that there are more states (about 4 more) with a massive reserve of Tantalite but for now these are the two states with such Natural resource, amassing a reserve of about 15 Million Tonnes. Used in the production of tantalum capacitors in electronic equipment such as mobile phones, DVD players, video game systems and computers. A yearly production of 100,000 Tones can sustain constant supply for the next 150 years. The Tantalite Ore costs approximately $85/Kg (as of 2012).

Producing 100,000 Tonnes/year entails earning $87 X 1000 X 100,000 = $8.7 Billion. This can create about 1 million Jobs and still have reserves of about $2.7 Billion. The products of such an Ore can as well create large, medium and small scale companies which can result to another 800,000 Jobs.

3. Talc: Talc is another resource found in more than 5 states in Nigeria, but the 4 Major states with a significant amount of reserve are Kaduna, Niger, Kogi and Ekiti States, amounting to an estimating sum of about 40 Million Tonnes of Reserve. Talc has a wide range of uses such as follows: Paper Making, Plastic, Paint and coatings, Rubber, Food, Electric Cable. Pharmaceuticals, Cosmetics, Ceramics, Sinks, electrical switch Boards, Crayons, Soap, Food Additives and Cement Production. With a yearly production of 100,000 Tones, Talc in Nigeria can last for 400 years without running out. 1 Kg of Talc is $6.30 (as of December 2011). A yearly production of 100,000 Tonnes will generate $6.30 X 1000 X 100,000 = $630 Million. This can create about 120,000 Jobs and still store a reserve of about $90 Million yearly. Products of Talc are much and can lead to another 72,000 Jobs.

Dolomite: Found only in Kogi State with a reserve of about 33 Million Tonnes. Dolomite is majorly an Ore of Magnesium and it is used as a source of Magnesium Oxide, Ornamental stone, for smelting of Iron and Steel, Production of float glass; in horticulture to lower soil acidity and can serve as a substrate in Salt water Aquariums to buffer changes in the pH of water. A 100,000 tones of production on a yearly basis can sustain us for the next 330 years. A Kilogram costs about $6, hence on that capacity, Dolomite can generate $600 Million on a yearly basis with a Job capacity of 72,000 and a reserve of about $60 Million. The production of its products can as well create another 18,000 Jobs.

Bauxite: Bauxite is known to be in commercial quantity in Kogi State, Nasarawa State and Plateau State. It is a major Aluminium Ore which produces Aluminium. And Aluminium on the other hand can be used mainly for roofing and production of light cans. The world's largest reserve is said to be at 8.6 Million Tonnes in Guinea but Nigeria is believed to have about 12 Million (and even more). A 60,000 Tonnes annual production entails a regular supply of Bauxite in the Nation until the next 200 years. As of 2011, 1 Kg of Bauxite is about $10 and an annual Income generation at 60,000 Tones yealy will result to $600 Million with a Job base of 72,000 and a reserve of $50 Million.

Iron Ore: The source of Iron and Steel. Kogi state has this in large commercial quantity (almost 24 Million Tonnes). As of 2010, 1 Kg of Iron Ore costs $20/Kg. A 100,000 Tonnes production capacity per year will result to a $2 Billion income with about 200,000 Jobs been created an a reserve of $500 Million.

Gypsum: This is a Natural resource which is spread across several states in the Middle belt region of Nigeria (especially). It is believed to be more than 2 Billion tonnes in reserve and as more discoveries are going on, Geologist believe the actual capacity is twice that amount. Gypsum is found majorly in Osun State and Nasarawa state. Significant amounts can be found in plateau, Kogi, Kaduna and Nasarawa states. in 2010, 1 Tonne of Gysum ranged from $70 to $140. So, we pick $100 in this case. 10 Million Tonnes of production yearly will sustain a regular supply for 200 years. Therefore, on a yearly basis, the National income from Gypsum would be $100 X 10,000,000 = $1 Billion. This can create 100,000 Jobs and the production of its products already mentioned can create another 50,000 Jobs with a reserve of about $250 Million.

Coal

Coal:
Like other parts of the world, coal is the oldest commercial fuel, dating in Nigeria from 1916 when 24,000 tons were produced. Production peaked at near one million tons in 1959, before declining to the present insignificant level. This is due to the reduction in the demand for coal arisina from dieselisation of rail transportation, and switching from coal to gas for thermal power generation.

Nevertheless, Nigeria's coal reserves are large, over 3 billion metric tonnes, of which 650 mil- lion tonnes are proven. If fully revitalised, the coal industry could fetch up to $300 Million in export earnings. Coal production is from the Cretaceous Anambra Basin which extends to Dekina in the northern part of the basin in Benue State and to Okigwe in the south. The coal in this basin is sub- bituminous and occurs principally at two levels, the lower coal measures (Mamu Formation) and the upper coal measures (Nsukka Formation).

From north to south, the reserves from seams over one meter thick, are (in million tonnes); Ogboyoga (100), Okaba (70), Orukpa (60), Ezimo (50), and Enugu (50) (FRN, 1987). Coal seams also occur at Gombe in Gombe State. Mine production capaci- ties after full rehabilitation and privatisation could attain the following levels: Onyeama and Okpara (150,000-400,000 tonnes/year), Owukpa (2,500 tonnes/year) and Okaba (15,000-300,000 tonnes/ year). Nigerian subbituminous coal has a high calorific value (5,000-6,000 cal/g or 5500-6500 airdried), low ash and low sulfur contents, with good storage characteristics (Afonja, 1979).

In the Lafia-Obi area of Nassarawa State, good quality cooking coal has been discovered which is suitable for use in the iron and steel industry. If utilised, the Lafia-Obi coal would save the country the high cost of importing cookable coal. Since the Nigerian Coal Corporation has lost nearly all its tra- ditional customers, notably railways and power authority, a recent drive to market its coal overseas offered some hope of recovery.

European buyers in Italy and the United Kingdom have started importing Nigerian coal, because its low sulfur content is environmentally acceptable. As already noted, Nigeria has the largest lignite deposit in Africa, with reserves of about 50 million tonnes. The Nigerian lignite belt, of mid-Tertiary age, extends from Oriu in the south-east, through Urnuezeala, Umuahia, Nnewi, Oba, in a 20 to 40km - wide belt across the Niger, to Ogwashi, Asaba, Mgbiigliba and Adiase-Uti in Delta State. It has not yet been exploited.

With the necessary interest channeled to coal production, at least 360,000 Jobs can be created with an extra 40,000 jobs from the extra energy production and electricity from Coal with $3 Billion of income and $700 Million in reserves.

Tin

Tin Ore is majorly in Plateau State, Jos. Its reserve is estimated at 2.8 Million Tonnes. And for every Kg, it cost between $7.90 to $8.50. a yearly production of about 140,000 Tonnes can be sustained for about 200 years with an annual income of $1.15 Billion (on an average of $8.2/Kg). This can create 120,000 Jobs with a reserve of about $250 Million. Tin is used as Solder with Aluminium for joining Pipes or electric circuits. It is used to coat Lead or Zinc and steel to prevent corrosion. Also used for specialized Alloys (Babbitt Metal, Bell Metal e.t.c). It is also used for super conducting Magnets.

Gemstones

These are special stones used to make jewelries and ornaments. Most of the Gemstones in Nigeria are already listed in the beginning of this article and they are Basically in three states: Bauchi, Plateau and Kaduna states. They are also found in 6 other states. Collectively, they are believed to be about 24 Million Tonnes of reserve. Depending on their kind an average of $12/Kg can be got from Gemstones and if 120,000 Tonnes can be produced each year, $1.44 Billion can be generated, 152,000 Jobs created and a reserve of about $300 Million realized.

Processing of these Gemstones can create more medium and small scaled Industries as well and an average of 48,000 more jobs can be created.

Gold and Others

Others like Columbite, Lead, zinc can as well generate income worth $7.5 Billion yearly, creating 600,000 Jobs with at least another 100,000 Jobs on small scale industries.

Gold has been discovered in Ogun, Sokoto and Nasarawa states. Though the actual quantity in reserve is yet to be known but it is estimated to be about 925,000 Tonnes (620,000 Tonnes in Ogun State, 55,000 Tonnes in Nasarawa State and 250,000 Tonnes in Sokoto). With the estimated cost been about $1400/Kg (2011 costing), a yearly production of 5,000 Tonnes/year, an estimated sum of $7 Billion can be generated per year. With a reserve of about $2.5 Billion, 600,000 Jobs can be created.

A Summary of the development if These resources are mined!

Now we have seen what the untapped resources can give to Nigeria, let's make a final estimate or sum of the exact benefit the Nation will get.

1. An extra total income of $2 Billion from Limestone can be generated, producing a staff base of 200,000 Jobs with a reserve of $500 Million.

2. When Kaolin would be mined, a total minimum yearly income estimate of $700 Million can be generated, producing a staff base of 80,000 Jobs with an extra 20,000 Jobs due to mini Industry from its products and a reserve of about $100 Million.

3. As for silica, a total minimum yearly income estimate of $195 Million can be generated , producing a staff base of 22,000 Jobs with a reserve of about $30 Million.

4. Tantalite will generate a minimum of $8.7 Billion annually with an estimated staff base of 800,000 Jobs and a reserve of about $2.7 Billion.

5. Talc will generate $630 Million yearly with an estimated staff base to be 72,000 Jobs and a yearly reserve of $90 Million.

6. Dolomite will also generate a yearly minimum estimate of $600 Million with an estimated staff base of 72,000 Jobs with an extra 18,000 Jobs due to mini industries of its products an an estimated yearly reserve to be $60 Million.

7. Bauxite can also generate a yearly income of $600 Million with an estimated staff base of 72,000 Jobs and a yearly reserve of $60 Million.

8. Iron Ore can generate a yearly income of $2 Billion with an estimated staff base of 200,000 Jobs and a yearly reserve of $500 Million.

9. Gypsum can generate $1 Billion yearly giving us a yearly reserve of $250 Million and creating 100,000 Jobs with an extra 50,000 Jobs on mini-Industries.

10. Coal can give an annual income of $3 Billion yearly, thereby creating 360,000 Jobs with an additional 40,000 Jobs on extra mini Industries and giving a reserve of about $700 Million

11. Tin Ore can generate $1.15 Billion/year with an estimated staff base to be 120,000 Jobs and a reserve of $250 Million/year.

12. Gemstones can generate $1.44 Billion/year with an estimate staff base of 152,000 Jobs with an additional 48,000 Jobs due to mini Industries and a reserve of $300 Million/year.

13. Gold can generate a minimum annual income of $7 Billion with a staff base of 600,000 Jobs and a reserve of $2.5 Billion/year.

14. Others such as Columbite, Lead, Zinc, other Metals Bitumen and Tar can generate $7.5 Billion/year with a staff base of 600,000 Jobs and an additional 100,000 Jobs on mini Industries with a $3 Billion reserve each year.

Diamond has been discovered and more Natural resources such as the Uranium are still under survey. So all these calculated estimates are minimum values of what we can expect when we take mining of these resources seriously. But with these minimum estimates, Nigeria can earn $36.515 Billion having a reserve of $11.04 Billion each year with 3.726 People been employed. Isn't this fantastic? Let's try agriculture and see!

For more information about the mineral deposits distribution in Nigeria, go to Mineral Deposit sub-section in this article: Mining in Nigeria

Now Agriculture

This is an area of the Nigerian economy which makes me weep so deeply. We do not need much capital like the one we need in the mining Industry and even the maintenance cost is very minute when compared to the Mining Industry. It does not just stop there, we can be able to control the capacity of supply that we want and this can never finish, provided pest control is implemented effectively and no occurrence of drought.

From our history, Cotton plantation which gave over 997,000 Jobs in the 60s and 70s as well as the Ground nut cultivation which produced much of the National Income have shown that Agriculture can be a major force of development in the country. I do not just know why this major sector is neglected and from our subsequent analysis, we will realize that it can even give us more income than the Natural resources. With a Population of 160 Million People, Nigeria has the great advantage of already having customers/consumers from its own population and since we must all eat, this would be a very excellent sector to embark on. Producing food crops to feed the Nation alone will generate much income and jobs for us.

Now, I consider the Agricultural products into two groups.
1. The Products of satisfactory Quantity
2. The Products of Commercial quantity.

Let's see how Agriculture can bless the land in these two categories.

Agriculture: The Products of Satisfactory Quantity.

The products of Satisfactory Quantity are foodstuffs which are produced in 'not so large quantities' just to feed the Nation and neighboring African countries. These foodstuffs are not really in great demand in the International market and even if they are, there are already established competitors which stand on the way and hence Nigeria should not waste money investing in Large Quantities. But if peradventure later in the Future such commodities are wanted globally, Nigeria can channel more efforts and resources to produce them based on the demand of the global Market.

1. Fruits and Vegetables: The Guinea savannah and Rain Forest regions of the Country can embark on this project due to the good soil and climatic conditions suitable for vegetables cultivation. These regions encompass the Middle belt regions (Kaduna South, Plateau, Nasarawa, benue etc) and of course the Southern States (especially Cross Rivers, Enugu, Bayelsa, Ebonyi, Lagos, ogun, Osun, Edo, Delta etc). More than 20 states can take part in this project, to ensure that 160 Million people are fed. This can bring about an annual income of $500 Million with a reserve of $100 Million/year and thereby creating 50,000 Jobs.

2. Timber and Wood: There is already an on-going Timber production in Nigeria but in a very small scale quantity. If we can create a system of reforestation to maintain the forest Habitat, the quantity of production can be increased to about 3 Million Meter Cube production of wood and Timber each year. The country also have plenty sources from the different states from the Guinea Savannah and Rain forest regions. Hence a $30/Meter Cube Wood production in that capacity can yield the Nation $90 Million. $30 Million can be kept as reserve while 8,000 Jobs can be created.


3. Cotton. Finally, cotton is another product we can produce for ourselves and neighboring African countries. We already have an idea of what it can do and the income generating power it can have. And this is where the other part of Nigeria : The Sahel Savannah comes in (Sokoto, Katsina, zamfara, Kebbi, Borno, Kano and even Adamawa). 10 States can cultivate cotton to a 200 Million Bales capacity/year. As of 2009, a bale of Cotton costs about $90, and 200 Million Bales can generate a massive income of about $18 Billion. Giving rise to an annual reserve of $9 Billion and a Staff base of about 1.2 Million Jobs. This does not just end there, Textile Industries will increase since there is cheap and free access to the main raw materials. A minimum of an extra 300,000 Jobs could be created as well.

4. Beans: As of 2008, Brazil produced about 3.3 Million Tonnes of Beans. If this is the case, we have the capacity to produce Beans from 12 out of the 19 Northern states of Nigeria with a capacity of such magnitude, if not even more. With the empty lands in place, Nigeria in 12 states can produce about 6 Million Tonnes of Beans. At $1,600/Tonne (a 2010 cost price), an estimate of $9.6 Billion can be generated every year, giving rise to a yearly reserve of $3.6 Billion and a Job capacity of 800,000 people.

6. Animal Husbandry: There is a lot of Money in this business and as earlier stated, people must eat, but not only crops but meat as well. In Birds, egg National production of 600,000 Crates/day in $8/Crate will give an annual income of $8 X 600,000 X 365 = $1.752 Billion. Selling the Birds and their manure, both Broilers and Layers in a year can generate another $1 Billion.
In Cattle Husbandry, the raring of about 500,000 Cattle in a National capacity can generate Fats, Manure, Milk and Meat production worth of $8 Billion yearly. The same Capacity on Goat (African Dwarf especially) and Sheep can generate another $3 Billion and lastly Rabbit Husbandry at 20 times this capacity can generate $100 Million.

Lastly in this category is Fish rearing. Harvesting of Fish of capacity 3 Million tonnes/year is very possible. Since a tonne is about $1500, a yearly income of $4.5 Billion can be generated. From the Animal Husbandry sector, a total of $18.352 Billion can be generated annually with an annual reserve of $6.352 Billion and a Job capacity of 1.6 Million people and an extra 400,000 Jobs can be created on mini Industries from the agricultural products and by-products as well.

7. Ginger: Finally, the food crop Ginger. This is another area where we need to increase production. Presently, Nigeria produce about 160,000 Tonnes and yet the main Lands blessed with Ginger Production (Kachia and Jaba Local Governments of Kaduna State) are not utilized. It can be increased to another 100,000 Tonnes in which a Tonne is about $900. So, an extra income of $90 Million can be generated yearly with a yearly reserve of $30 Million

One may consider, how the quantity mentioned here aren't in commercial sizes. They are, but based on the fact they are not really exported out, I still classify them to be of satisfactory quantity, remember that the Nigerian Population is also not a small quantity and to satisfy its needs, a very huge amount of production is required. These 4 Agricultural products can bring massive development to the Land, since they are equally shared in the different regions of the country as well as the generation of funds they have the capacity to create. Nigeria should wake up and start this!

Agriculture: The Products of Commercial Quantity

These products are food crops cultivated in mass quantities not only for National consumption but as well global export. The good demand worldwide gives Nigeria a good chance to produce and get global buyers. These products are as follows:

1. Palm Fruit/Oil: Malaysia got the seedlings of their first Palm fruits from Nigeria, here they are: The largest producers of Palm Oil, whereas Nigeria, the parent producers have neglected this sector, still suffering in Poverty and engaging in Tussle for Crude Oil. All the Eastern and South-South states, together with Benue states can produce Palm Oil to a 10 Billion Litters/Year capacity. Based on a 2010 cost, 1 barrel of Palm Oil is $55. Since 159 Litters make 1 Barrel, a litter will be $0.35 and this means, Nigeria can earn $3.5 Billion yearly with a yearly reserve of $1.1 Billion with a staff base of 320,000 Jobs.

2. Cocoa: Presently, Code'Ivoire is the largest producer of Cocoa with about 1.222 Million Tonnes produced annually while Nigeria stands at 4th with 0.37 Million Capacity. Of course, Nigeria can do better than that and with the whole Western States involved in Cocoa Plantation together with Edo and Benue States, an extra 1 Million Tonnes capacity can be produced each year for National Consumption as well as global export. Since 1 Tonne is about $650, therefore, 1 Million tonnes extra can bring an extra income of about $650 Million with a yearly reserve of $50 Million and a Job capacity of 80,000.

3. Sugar Cane: As of 2009, Brazil produced 672,157,000 Tonnes been the largest producer of Sugar Cane in the World. 5 States from the Middle Belt and another 8 from the South can embark in the massive production of Sugar Cane. We can produce 420 Million Tonnes of Sugar cane/year and since 14 Tonnes of Cane produce 1 Tonne of Sugar, 420 Million Tonnes can produce 30 Million Tonnes of Sugar. At $490/Tonnes, $14.7 Billion can be generated with a yearly reserve placed at $5.7 Billion and a job capacity of 1.2 Million people.

4. Tubers (Yam and Cassava). This particular set of Agricultural product should be considered a Mixed one because Yam is considered a product of satisfactory Quantity while Cassava is considered a product of Commercial Quantity, yet I still suggest both be produced in commercial quantity as Yam is beginning to become popular (yam Flour) in Western Europe. Nigeria is already the largest producer of Cassava with 500,000 Metric tonnes of production yearly. Since the Chinese are our major buyers, especially used as a feed for their Piggery, This is too small for the demand both locally and internationally as it is also used as a source of cyanide. We can increase its production by another 40 Million Metric Tonnes/year. At $440/Metric Tonne, cassava can generate an extra $17.6 Billion with a reserve of $8.6 Billion and a job capacity of 1.2 Million persons.

As for Yams, 25 Million Tonnes can also be produced and with an estimate of $400/Tonne; an annual income of $10 Billion can be realized with a reserve base of $2.5 Billion/year and a job capacity of 1 Million.
A total of $27 Billion can be realized from Tubers/Year with a yearly reserve of $10.5 Billion and a job capacity of 2.2 Million people.

5. Rice: This is the major aspect which is provoking and senseless. Nigeria spends $300 Million annually on the importation of Rice and yet It has the largest Dam in Africa and its Rain Forest regions having good rainy seasons. We can dedicate the whole of Niger state for the production of Rice (Which is also the largest state in Nigeria) since the Kanji Dam is there. At $600/Tonne, we can calculate that the yearly National Consumption of Rice is at 500,000 Tonnes. This is too small a quantity not to be produced in Nigeria and in fact, We have the capacity to triple this figure. Nigeria can comfortably produce 6 Million Tonnes yearly and even more, but let's leave it at 6 Million. This will generate a sum of $3.6 Billion with a yearly reserve of $1.2 Billion, the job capacity would be 320,000 Jobs.

6. Soy Bean: Also the middle Belt region of Nigeria in 5 to 6 states as well as 5 more from the southern part of Nigeria can produce Soybean at a capacity of 50 Million Tonnes/year. At a selling prize of $250/Tonne, $12 Billion can be generated. $4.5 Billion can be reserved yearly while 1 Million Jobs would be created with an extra 100,000 created through mini companies of its products.

7. Corn and Grains (Sorghum bicolor and Millet): All the Northern part of Nigeria and the Western Parts can cultivate Corn (Maize). Sorghun bicolor also know as Guinea Corn and Millet can be produced in all the 19 Northern states in Nigeria. Production of Corn at about 20 Million Tonnes at $325/Tonne will generate $6.5 Billion. With a yearly reserve of $2 Billion, a job capacity of 600,000 People. If 6 Million Tonnes of Millet at about $300/Tonne is produced, it will generate $1.8 Billion yearly with a $600 Million yearly reserve, 160,000 Jobs can be created.

8. Wheat: Also, 11 out of the 19 Northern states of Nigeria can cultivate Wheat. As of 2008, China produced 112 Million Tonnes and Nigeria has the capacity to produce half of that capacity. With a yearly production at 50 Million Tonnes, the income generation from wheat at $710/Tonne will be $35.5 Billion. $14.5 Billion can be our yearly reserve from wheat while a massive capacity of 2.8 Million Jobs would be created. Also, the manufacturing of flour, bakeries and eateries will skyrocket giving an additional 200,000 Jobs.

9. Groundnut: This was the first cash crop the entire Nation survived on during the pre-crude Oil era, giving the Nation more than 85% of its National income. How this cash crop has been neglected over the years is really a great surprise and Nigeria has nothing to show for the then Groundnut pyramids. If we are to bring back the glory days, then we need to produce a minimum of 100 Million Tonnes/Year from more than 7 different states from the North (not only Kano State). At $360/Tonne a yearly income of $36 Billion can be generated, with a yearly reserve of $15 Billion and a job capacity of 2.8 Million people. Production of groundnut Oil and other of its products can create more 200,000 Jobs.

10. Coconut: Coconut is a very good international commodity and this is an area which does not even come to the minds of Nigerians and foreigners alike when thinking of investing in Agricultural produce. Mostly cultivated in the West, East and the Middle Belt, Coconut cultivation can be upgraded to a commercial scale and since a Tonne is about $600, a 10 Million Tonne production is very possible, yielding $6 Billion. This can generate an annual reserve of about $1.5 Billion with a job capacity of 600,000 People.

11. Natural Latex Rubber: As of 2010, a Tonne of Natural Latex Rubber is estimated at $5,000/Tonne. And with the rich quantity of Rubber Trees, especially in the South, Nigeria can produce 2 Million Tonnes/Year for its local purposes and neighboring countries. This will generate about $10 Billion/year income with a reserve of $4 Billion/year. This can create 800,000 Jobs.

General Conclusion

When we add all the yearly income, reserve and job opportunities which would be created, we'll find out that Agriculture surpasses Natural resources.
Total Yearly Income in Agriculture: $185.582 Billion
Total Yearly reserve from Agriculture: $77.132 Billion
Total number of Jobs created from Agriculture: 14.186 Million

GRAND TOTAL
A grand total of $232.097 Billion of yearly Income with yearly reserve of $88.172 Billion and 17.912 Million Jobs would be created. This is what is attainable in the same country ranked as the 28th Poorest in the world. The most important finding here is the yearly reserve. From the Income, salaries would be paid and there would be cost of maintenance as well, so what the Government can use to develop the Nation is the reserve.

If peradventure the private sector booms so well in the country, the Nation will not have full control (even no control) over the income, but reserves can now come as tax. Deal can be struck for any foreign investor to allocate nothing less than 60% of its work force to Nigerians. This will definitely reduce the Jobs created, moreover, most companies will not employ the capacities mentioned here due to the fact, they would want to maximize profit. These are some of the reality checks which should be considered in this proposal, hence it is not absolute.

Secondly, the facts used in this article are subjective ones in that they were got from articles, press releases, interviews and some written surveys, hence are not absolute. Nevertheless, I try my best to use minimum values here so as to give Nigerians that hope that whatever we read here, is just something small when compared to what we actually have. A blog which consists of some facts from an interview based on the Nigerian Television Authority brought out some surprising facts about the deposit of the Mineral resources the Nation has which stands at a total of 4 Trillion Tonnes and this can be found here. So it is high time we make good use of these resources to better the Lives of every Nigerian. The 2012 National Budget stood at about N3 Trillion (Naira). Now, a reserve of $88.172 Billion at our disposal (at N160/$) is equivalent to N14.11 Trillion (Naira).. So, even if 40% of this proposal is realized, the amount realized (N5.64 Trillion) would still be more than this National Budget.

Also, development brings about more developments. With this, we can build more universities and schools, have standard transportation systems, standard work force, Standard Hospitals, good stadia and many more basic amenities. All these will create more jobs even as Lives are getting better.

About Corruption, Before any recommendation is stated here, provided our leaders keep on embezzling and walloping in corrupt practices, Nigeria will forever remain in its state. Now that the level of literacy has increased in the Land, it is high time the Youths rise up to say No to all these practices and also take up the Barton to bring stability and order in all facets of the economy. I just cannot comprehend how a Politician would be promising electricity, water and good roads to the citizens of a Nation during a campaign in the 21st century era. Are these not the rights of the citizens?

When we see on TV Screens and also see live how notable Nigerians serving in the government are having houses worth millions of Euros in European countries, some having more than 200 million pounds in Bank Accounts and some even amassing Billions of Dollars in their American Bank Accounts, and yet infrastructures and Amenities are on the process of complete dilapidation, systems are becoming non-existent and poverty is on the rise; the youths will definitely wake up and writing this article is one of the ways we are gradually rising.

And one more thing again is, I want to use this Medium to solicit the general Overseers and Head Pastors of the Mega Churches we have in Nigeria. I am not condemning anyone but when we look around us and see the poverty level in the Land, I think there is a need to go just beyond praying but doing something to the Community. Even if it means building Hospitals and other basic amenities just for members, it will go a long way in cushioning the massive effect of Poverty in the lives of the People. I see this plea rational and a common sense and in line with what God would want from us all.

Africa, we are not cursed, its just lack of common sense which is Killing us. A French Manager to the Peugeot Company in Nigeria once said, even a tooth Pick can germinate into a Tree in Nigeria and a Japanese friend once told me that his people wished Nigeria and Japan could exchange geographical locations even at the present states of the two Nations, he believes and he is sure that in 5 to 7 years time, Japan would still be better than Nigeria.
A Russian guy once mocked me by saying: Even if the Europeans and Africans exchange lands, in some years time, Africans will be seeking for Visas to go back to Africa! As much as these statements seem true and practical, I still refuse to believe them and I will be justified only if WE AFRICANS WAKE UP!

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Comments

author avatar arman123
16th Mar 2012 (#)

I would never know Nigeria so much to offer . Its really unfortunate that a country with so much potential lack so behind ..

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author avatar Funom Makama
17th Mar 2012 (#)

Thanks a lot arman123

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author avatar Don Rothra
16th Mar 2012 (#)

Excellent work.

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author avatar Funom Makama
17th Mar 2012 (#)

Thanks Don Rothra

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author avatar Buzz
17th Mar 2012 (#)

I was astonished at how, unlike mine, immense your knowledge about your country and how brilliantly and statistically you analyzed every bit of your rich natural resources. I was also surprised to know that, like my country, yours was also plagued (and paralyzed) by corruption, which is the number 1 cause, coupled with the citizens' apathy, of underdevelopment and poverty. Thank you for this revealing, and very thorough, article, Doc, which deservedly merit a star. And, oh, thanks very much for adding a link to my article, my friend. God bless!

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author avatar Funom Makama
17th Mar 2012 (#)

Wow!¬¬ Buzz, thanks.

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author avatar Delicia Powers
17th Mar 2012 (#)

Wow amazing Funom facts page and research...just outstanding work...thank you!

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author avatar Funom Makama
17th Mar 2012 (#)

u r welcome and thanks for the comment too.

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author avatar cnwriter..carolina
19th Mar 2012 (#)

this is a truly awesome piece...do send it to Huffington Post and other outlets so people can learn all about your magnificent country...

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author avatar Funom Makama
20th Mar 2012 (#)

thanks for the advice, I will try sending it,

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author avatar Denise O
19th Mar 2012 (#)

What a well written and also a well researched piece. Well done! Congrats on the star page, it is well deserved. Thank you for sharing.:)

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author avatar Funom Makama
20th Mar 2012 (#)

thanks Denise O

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author avatar Avery
20th Mar 2012 (#)

Same question, I want to ask about the Philippines, what went wrong? what happened? at what point did everything turned wrong? who's fault it is? something like that...overall great article!

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author avatar Funom Makama
20th Mar 2012 (#)

Thanks a lot Avery..

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author avatar Unbeatable
27th Mar 2012 (#)

Whenever I look ino the issues surrounding us all I do is to cry like a child abandoned by her mum. It will not take so much to make things right I know black is just a colur and not a mental disorder. I have pledged to get that NIGERIA our founding fathers fought for back if I perish I perish but let the next generation have a Nation to boost off enough is enough my fellow Africans let us wake up and defend this noble cause. It is a great work I am thrilled I know we will, we can and we must deliver the future. GOD BLESS NIGERIA.

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author avatar Funom Makama
9th Apr 2012 (#)

God bless you, unbeatable.

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author avatar urguide
4th Jun 2012 (#)

Your articles are very good

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author avatar Funom Makama
4th Jun 2012 (#)

thanks a lot .............................

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author avatar Bernard Osin
9th Jul 2012 (#)

I'm speechless and sorrowful about this finding. If we have a government that can't think and carter for its people with all this in abundance then I weep. We have thousands of graduates languishing in our country every year and nothing is done to cushing it all. I just believe someday soon a revelation would spring up and fight and probably kill that neighbour or relative of us that kill all this dream. Well done for this great research,I'd love to have a copy in my email.God Bless You.

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author avatar Aniegboka Anthony
15th Jul 2012 (#)

With light we can do good..eltric is de key to deveopm

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author avatar Toyese
17th Apr 2013 (#)

Hmmmmmm! I can only say well done. Everything about ur article is through but, my question is this, aw can one get money to go into full scale agriculture? Banks in Nigeria are bereft of ideas outside importing of rice etc. we shd leave government people out of this because they are devil servant and not civil servant . They will mess things up once they are involve in any project one take to them. They draw a good government back on issues. My brother, they are terrible. Even if, u get money to get land for ur project, they can come up wt one policy that can make nonsense of whatever u have in mind. Revolution is imminent. Once again, well done

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author avatar Funom Makama
1st Jun 2013 (#)

Thanks a lot Toyese... And I totally concur with you. But the million dollar question now is.... Would this evolution ever take place?

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