Unilorin don emphasises risk in agricultural innovation

A professor of Agricultural Economics and Farm Management in the University of Ilorin, Opeyemi Ayinde, has stressed the importance of taking risks in agriculture innovation and promoting gender inclusivity.

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Delivering the 251st inaugural lecture of the university, titled, ‘The risk of not taking risk in agricultural innovation and gender inclusivity,’ Professor Ayinde emphasised the need for strategies to enhance agricultural risk management, dissemination and adoption of innovation and substantial growth in Nigeria’s agricultural sector, while empowering farmers.

One of the key recommendations Ayinde highlighted was the promotion of financial innovation and access to credit for small-scale farmers.

“By creating financial products tailored to farmers’ needs and increasing access to agricultural credit, farmers can better manage financial risks and invest in their operations, ultimately increasing productivity and resilience to market fluctuations. Ayinde also suggested the introduction of innovative financial solutions such as index-based insurance.

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Another recommendation she highlighted was the provision of information and training for farmers.

“By enhancing access to information and providing training programmes, farmers can make more informed decisions and implement strategies to manage risks effectively. These programmes can also empower farmers to adopt best practices and innovative technologies, enhancing their risk management capabilities.