Roman Oseghale's blog

________Leadership and advancement

THE RANCHING INDUSTRY AND IT’S UNTAPPED ECONOMIC BENEFITS AND IMPACTS IN NIGERIA

1 Comment

With over 27 million cattle which is more than the entire human population of the Cameroons, and a market valuation of about N4.144 trillion and no developed industry, Nigeria’s Cattle Industry is causing major problems in the country due to open grazing, if a ranching industry is developed, Nigeria stands to benefit not just from solving the problems between farmers, the local communities, and the cattle herders, but also stimulating huge economic benefits and impacts from Job creation, Increasing GDP, and the natural birth of other industries linked to the value chain like the Hay Industry, the Dairy Industry, the Corned Beef Industry, Leather Industry, Logistics, and a host of other industries associated with Ranching which will spring up. The Industry and Its value chain if developed, is capable of generating a minimum of 1.5 million to 2 million jobs, and has the capacity through its economic impact to add between US$150 billion to US$180 billion annually to the Nigerian GDP. Nigeria has the capacity to grow hay for both the local and export markets due to its favorable weather, and can generate between US$100 million to US$150 million from Export of Hay annually with the hay industry alone having the capacity to generate over 200,000 jobs. Watch Roman Oseghale give a detailed analysis of this industry and what Nigeria stands to benefits both from local and international trade if the industry is developed.

Author: Roman Oseghale

Roman Oseghale holds Masters degree in Architecture and a graduate of Executive MBA from the Telfer School of Management and Leadership, University of Ottawa, Canada, he is a Consultant and Business Intelligence Analyst and the CEO of IntelServe Inc. a Canadian Business Consulting Company. He is a passionate analyst and writer on Leadership and Economics, He is a strong advocate of Investing in Human Capital Development to drive Economic Growth and Sustainability. www.intelserveinc.com

One thought on “THE RANCHING INDUSTRY AND IT’S UNTAPPED ECONOMIC BENEFITS AND IMPACTS IN NIGERIA

  1. Great connecting with you here, Roman.

    I should commend you for putting up this. I was quoting part of these statistics on TVC News this morning (Thursday 2nd September 2021) as a guest Development Analyst and Leadership Strategist.

    Permit also to use portion of these statistics in my column in the Nation newspaper on Sunday under the banner: “Followership Challenge”.

    Please connect with me on LinkedIn.

    Thank you.

    John Ekundayo, PhD
    Lagos, Nigeria
    +2348030598267 (Whatsapp compliant)

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s