Sector Aspiration and Targets

The aspirations of the Agriculture, Water and Mining sub-sectors are:

Agriculture

  • Improve the national economy by substantially growing the agricultural sector, thus creating more jobs and wealth.
  • Secure sustainable food security for all Nigerians and develop into the main food exporter in the continent.
  • Promote production of agricultural raw materials to meet the needs of an expanding industrial sector and export market.
  • Develop agro-minerals and build soil-fertilizer-network.
  • Collaborate regionally within Africa for mineral fertilizer development, i.e., phosphates, limestone, phosphorus, potash, etc.

Water

  • Ensure sustainable access to sufficient water resources for diverse uses by the population both in urban and rural areas.
  • Provide effective and efficient management of water resources in Nigeria.
  • Make various water sources affordable for diverse uses.
  • Research inter-basin water transfer within Africa.
  • Intensify and update water statistics.
  • Research and develop rain water harvesting.

Mining

  • Significantly increase the sector’s contribution to national GDP.
  • Encourage the value addition of minerals.
  • Ensure mining and mineral extraction are done sustainably, including social, environmental and safety considerations.
  • Organise artisanal and small scale miners for optimal participation to reduce rural-urban migration.
  • Ensure robust geological data for investors and national planning.
  • Promote rapid development of the mining and minerals sector for diversification of the Nigerian economy.
  • Collaborate regionally within Africa on geological surveying and mineral resources/raw material development.
  • Collaborate within Africa on infrastructure design and development, especially as it relates to mining.

Agriculture Targets

In order for Nigeria to first achieve domestic food security, and then subsequently transform into a continental powerhouse in terms of food exports, the agricultural sub-sector aspires to substantially increase total domestic production of key food staples (such as cassava, sorghum, milk, fish and eggs) and cash crops (such as cocoa, rubber and cotton). This aspiration is to be achieved by increasing the percentage of arable land cultivated and increasing crop yields. The national food import bill is targeted to decrease by 30 per cent, while food export earnings are intended to grow threefold. A total of 20 million additional jobs in agriculture are envisaged over the next 30 years.

Water Targets

The central aspirations of the water sub-sector cover the areas of water supply, water treatment, irrigation and hydropower. By 2043, 100 per cent coverage of water supply and sanitation access is targeted (up from today’s 61 per cent for water supply access and 31 per cent for sanitation access). Current annual water treatment capacity is 0.7 trillion cubic meters – it is targeted to reach 1.4 trillion cubic meters by 2043. Irrigation and hydropower targets are obviously directly related to the agriculture and energy sectors respectively. In terms of irrigation, the rate of expansion (which has been about three per cent per annum in recent years) needs to increase substantially (beyond three per cent). The goal is to extend facilities in order to realise the national potential of about 3.1 million ha of irrigable land. In terms of hydropower, the goal is to achieve 95 per cent development of generation potential, leading to production of up to 10,000 MW of electricity.

Mining Target

The sector envisages growing substantially, in terms of GDP and employment. Annual government revenue from mining taxes is targeted to increase fivefold, from the current USD 130 million to USD 640 million. Annual royalties collected are targeted to surge from the current USD 12 million to USD 130 million by 2023, USD 260 million by 2033 and USD 640 million by 2043. Particular emphasis will be placed on increasing the connectivity of mining sites with adjacent parts of the value chain, including transportation (roads, rail) and also energy and ICT.