Where Can Agricultural Economics Graduates Work (Nigeria)?
This article provides guidance on career options for Agricultural Economics graduates. It contains such information as where Agric. Economics graduates can works, salary ranges, opportunities for further study in Nigeria and abroad and more. It also share some scholarships available for study as well as advantages and disadvantages of studying it.
Table of Contents
Background on Agricultural Economics
Agricultural Economics is a field of study that combines economics with agriculture. It is the study of how resources are allocated to produce agricultural products and how those products are distributed to consumers. In Nigeria, the importance of the agricultural sector cannot be overemphasized. It is the largest employer of labor and contributes significantly to the country’s GDP. As such, Agricultural Economics is a crucial field of study for Nigerian students interested in agriculture and economics.
Advantages of Studying Agric. Economics
One of the significant advantages of studying Agricultural Economics is that it equips you with the knowledge and skills to succeed in the agricultural industry. You will learn how to analyze data, develop business plans, and make informed decisions. Additionally, you will have the opportunity to explore different areas of agriculture, such as animal science, crop science, and agronomy.
Disadvantages of Studying Agric. Economics
One of the primary disadvantages of studying Agricultural Economics is the limited job opportunities. While the agricultural sector is significant in Nigeria, it is not as developed as it should be. As a result, students who graduate with a degree in Agricultural Economics may struggle to find a job. Additionally, the work can be physically demanding, and the pay may not be as high as other industries.
Is Agricultural Economics a Good Course to Study?
Yes, Agricultural Economics is a good course to study, especially for students interested in agriculture and economics. It is a field that is essential to the development of Nigeria’s agricultural sector and can lead to fulfilling careers.
Where Can Agricultural Economics Graduates Work?
Possible Career Paths and Job Options in Nigeria
- Agricultural Economist
- Agricultural Extension Officer
- Agricultural Loan Officer
- Agricultural Policy Analyst
- Agricultural Researcher
- Farm Manager
- Food and Agricultural Consultant
- Rural Development Officer
- Supply Chain Manager
Possible Career Opportunities Abroad
- Agricultural Economist
- Agricultural Policy Advisor
- Agricultural Project Manager
- Agricultural Researcher
- Food and Agricultural Consultant
- International Development Specialist
Agricultural Economics Salaries In Nigeria and Abroad
In Nigeria, the salary range for Agricultural Economics graduates varies depending on the job and level of experience. Entry-level positions can earn between ₦80,000 to ₦150,000 per month, while experienced professionals can earn up to ₦500,000 per month.
Abroad, the salary range is between $50,000 to $100,000 per year, depending on the job and location.
Top Companies Hiring Agricultural Economics Graduates
Top Six Companies Hiring in Nigeria
- Nigerian Agricultural Insurance Corporation
- Nigeria Incentive-Based Risk Sharing System for Agricultural Lending
- Nigerian Export-Import Bank
- Nigerian Agricultural and Cooperative Bank
- Federal Ministry of Agriculture and Rural Development
- Nestle Nigeria Plc
Top Six Companies Hiring Abroad
- World Bank
- Food and Agriculture Organization of the United Nations
- United States Department of Agriculture
- International Fund for Agricultural Development
- Global Alliance for Improved Nutrition
- Syngenta
Universities to Study Agricultural Economics in Nigeria and Abroad
Top Six Universities in Nigeria Offering the Degree
- University of Agriculture, Abeokuta
- Federal University of Agriculture, Makurdi
- University of Nigeria, Nsukka
- University of Ibadan
- Obafemi Awolowo University, Ile-Ife
- Ahmadu Bello University, Zaria
Top Six Universities Offering Postgraduate Degrees
- University of California, Berkeley
- University of Oxford
- Cornell University
- University of Illinois at Urbana-Champaign
- University of Wisconsin-Madison
- University of Minnesota
Scholarships Available for the Degree (Nigeria and Abroad)
Scholarships Available for Agricultural Economics in Nigeria
- Nigeria Higher Education Foundation Scholarship
- MTN Foundation Science and Technology Scholarship
- Chevron Nigeria Limited Scholarship
- Nigeria Women Association of Georgia Scholarship
- NNPC/Chevron Scholarship
Scholarships Available for Agricultural Economics Abroad
- Mastercard Foundation Scholarship Program
- The Gates Scholarship
- Fulbright Foreign Student Program
- The Rhodes Scholarship
- Erasmus Mundus Scholarship
Challenges Faced by Professionals in the Field
One of the primary challenges faced by professionals in the field is the lack of funding for agricultural research and development. Additionally, there is a shortage of skilled professionals in the industry, which makes it difficult to meet the demands of the sector.
Growth Potential in the Field
The growth potential for Agricultural Economics in Nigeria and globally is significant. As the world’s population continues to grow, the demand for food will increase. As such, there will be a need for skilled professionals to develop and implement sustainable agricultural practices.
Other Fields Professionals Can Transition To
Some of the fields that Agricultural Economics professionals can transition to include finance, international development, and environmental policy.
Conclusion
In conclusion, Agricultural Economics is a crucial field of study for students interested in agriculture and economics. It offers a broad range of career opportunities both in Nigeria and abroad. While there are some challenges in the industry, the potential for growth is significant. Overall, students who graduate with a degree in Agricultural Economics can look forward to fulfilling and rewarding careers.
