neglectful of the agricultural sector since petroleum is considered a more viable resource for economic development neglectful of the agricultural sector since petroleum is considered a more viable resource for economic development. This situation quickly polarised the nation into high and low income groups.
Though, Nigeria prides itself as the giant of Africa with its economy becoming the largest in 2014, the poverty rate in the country is alarming. Not less than 70 per cent of the Nigerian population is surviving on less than a dollar per day while food insecurity prevalence in the low income urban house-holds and rural areas respectively stands at 79 per cent and 71 per cent.
Nigeria is grossly an agrarian state which is reflected in the fact that over 70 per cent of her economically active population is employed in the agriculture sector. The difference lies in the kind of crop that cultivated in the various regions of the country depending on the soil characteristics and climatic conditions.
The whole of these processes requires a lot of power and fuel to keep food price low and affordable for the common man. However, with escalating prices of petroleum products, there have been calls for diversification to increased energy efficiency. One key alternative is biofuel and other agriculture-based energy production. This alternative will create more competition for food item particularly in developing nation and depending on how the process is managed may increase food insecurity.
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