Perceptions and Strategies for Sustainable Agribusiness Entrepreneurship Development in Nigeria: Insights from Stakeholders

Year 2025, Volume: 8 Issue: 2, 7 - 8

Edamisan Ikuemonisan

https://doi.org/10.47115/bsagriculture.1515539

Abstract

Background: This study aims to assess the perceptions of stakeholders regarding the development of agribusiness entrepreneurship in Nigeria. The research involved two phases: first, identifying the internal strengths and weaknesses, as well as external opportunities and threats, perceived by stakeholders as major obstacles to agribusiness entrepreneurship development in Nigeria; second, gathering and analyzing stakeholders' opinions on the effectiveness of sustainable agribusiness development strategies.
Methods: Using a qualitative approach, data were collected through 28 in-depth interviews, four focus group discussions, and interviews with key informants across four states: Kano, Benue, Cross River, and Oyo. Selected crops included rice, maize, yam, oranges, cassava, and palm oil. Major actors in agribusiness were engaged to provide insights into the sector's role in nutritional diets and income generation, particularly among youth.
Results: The study found that creating a favorable macropolicy environment, ensuring food safety and market supply consistency, enhancing human capacity, improving access to finance, and strengthening research capacity are crucial for sustainable agribusiness development. These strategies align with institutional economics and market failure theory, emphasizing the importance of supportive policies and quality control.
Conclusions: The findings underscore the need for collaborative efforts between the public and private sectors to create an enabling environment for agribusiness entrepreneurship, aiming to boost productivity, competitiveness, and profitability while addressing economic and societal challenges.

Keywords

sustainable agribusiness, entrepreneurship, SWOT, agrotourism, rural infrastructure, qualitative analysis

Ethical Statement

The authors confirm that the ethical policies of the journal, as noted on the journal's author guidelines page, have been adhered to. The experimental procedures were approved by the Ethics Committee of Adekunle Ajasin University, Akungba Akoko (Approve number: Ref: AAUA/AGRIC/DEAN/2305168).

Supporting Institution

Department of Agricultural Economics, Adekunle Ajasin University, Akungba-Akoko

Thanks

The author appreciates the cooperation of the Department of Agricultural Economics, Adekunle Ajasin University, Akungba-Akoko, the enumerators, and all the farmers who participated in the survey.

References

• Adebayo AD, Butcher J. 2022. Community Empowerment in Nigeria’s Tourism Industry: An Analysis of Stakeholders’ Perceptions. Tour Plan Deve, 1-21.
• Alene AD, Manyong VM, Adeyemo R. 2013. he contribution of agricultural research and development to technical change and productivity in agriculture: evidence from sub-Saharan Africa. In: Economic perspectives on sustainable agriculture: a global perspective on the challenges ahead, pp: 199-215.