- Poor Research and Record Keeping:
Farm records are kept carelessly if kept at all. Farmers do not have accurate tracking of farm activities and farm information. Information about the Nigerian farm market is not easily accessible and adequate information such as market prices are pertinent. This opens the door to adulteration of figures regarding farming in Nigeria. Agricultural development in Nigeria cannot be measured if there is disorganization of the farm records for research purposes. This makes it hard to narrow down certain farming issues and proffer solutions.
- Finance:
88% of Nigerian farmers are considered small family farmers. Some of this stems from the lack of funds to expand to large scale farming. Despite their importance for the domestic economy and due to the sector’s productivity limitations, more than 72 percent of Nigeria’s smallholders live below the poverty line of USD 1.9 (691) a day.
One of the major factors limiting farmers from growing and making a reasonable living is lack of funds. These funds are difficult to come by as some banks do not loan to them for various reasons. This leads to the farmers struggling to make a living, asking disinterested family members to take part in farming instead of hiring proper human labor, and affecting agricultural productivity overall. Lack of capital also prevents potential farmers from venturing into farming business.