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156-510 - Check Point NG with Application Intelligence - Management III - Dump Information

Vendor : CheckPoint
Exam Code : 156-510
Exam Name : Check Point NG with Application Intelligence - Management III
Questions and Answers : 165 Q & A
Updated On : June 18, 2019
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Test Number : 156-510
Test Name : Check Point NG with Application Intelligence - Management III
Vendor Name : CheckPoint
Q&A : 165 Dumps Questions

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Check Point NG with Application Intelligence - Management III education

beyond THE AGRICULTURAL price CHAIN IN NIGERIA | 156-510 Dumps and Real test Questions with VCE Practice Test

by using ALEX OTTi

i used to be privileged to provide the dinner speech on the 59th Annual conference of the Nigerian economic Society in Abuja on September 27, 2018. I actually have taken the freedom to share excerpts of my presentation. the complete paper is purchasable on my web page, www.alexotti.com

The challenges of agriculture in Nigeria don't seem to be just concerning the problems of the macro and micro economy however also the misdirection of public policy.

All too often, agriculture and farming are used interchangeably leading to a simplistic interpretation of the sphere’s difficulties. This error is more than simply an informal misuse of two words or a misapplication of concepts however a huge explanation for policy confusion. while farming is the act of planting seeds and transforming into food and money crops or offering animal protein, agriculture nevertheless is the complete ecosystem of human economic interplay through which meals and farm plants enter right into a production system in trade for monetary price. Agriculture, for this reason, refers to a price chain that sooner or later effects in the change of money for produce and the following impact of this alternate on the a variety of economic agents involved within the creation procedure.

no longer seeing agriculture from a viewpoint of wider economic and political interactions that result in the change of value ends up in faulty public policies that emerge from misdirected or inappropriate trends of notion.

Overview

The Nigerian inhabitants is presently becoming at a thunderous three% each year. This skill that the population would double in roughly twenty years from now, leading to a population of about 350million individuals. The magnitude of the inhabitants boom will most likely be of much less value than its route and composition. The country’s population increase cost will make it the third most populous nation in the world in a mere two and a half many years. This massive inhabitants must be fed; for this reason suppliers of food objects are strategically placed to create product supply chains which have exponential capabilities for boom.whereas micro agricultural creation has its makes use of as a social signaling mechanism, its effectiveness as a methodology to raise countrywide meals construction is doubtful. Going ahead, agriculture would require a relatively small group of farmers applying advanced farming ideas and know-how to enrich yield per hectare of arable land. The government’s present viewpoint of throwing greater americans into the field is neither sustainable nor strategically sound; and certainly, it can be self-defeating. The more labour it truly is dedicated to fixed farm lands, the decrease the marginal productiveness per employee and the smaller the incomes per farm arms employed, thereby discouraging additional labour provide. in the fullness of time, we will understand that what is required to ward off a full blown meals crisis is a dedicated group of gigantic scale farmers investing large amounts of money in superior seed kinds and processing technology that raises yield per land cultivated. The native agricultural price chain needs to be stretched to consist of semi processed goods and advanced storage amenities and more suitable preservation concepts to even out the supply uncertainties associated with weather and different unpredictable processing situations. whereas simple commodities haven't finished too neatly in world markets as fees proceed to tumble, declining foreign change fees have brought about rising international demand for agricultural produce and will yield greater incomes within the years forward. businesses similar to Okomu Oil and Presco (with a sixteen,900 hectare plantation) that produce Oil palm products for the native market (but export about 5% of its output) have seen revenue rise by using as a lot as 60% from the 2d quarter of 2016. Okomu’s earnings earlier than tax stood at N11.1b as at December 31, 2017 as in opposition t N5.9b in 2016. in a similar way, Presco, more advantageous its earnings after tax from N21.7b in 2016 to N25.4b in 2017.

modern figures show that Nigeria’s agricultural sector over the final 4 years has skilled rising growth however within a declining band. as an instance, the agricultural sector grew by way of 3% in the first quarter of 2018 but dropped to 1.5% by the 2d quarter of the year. certainly, heading into 2018 the agricultural sector made up over N550 billion of GDP however this has given that fallen to about N355 billion by way of the first half of 2018.  this is of predominant problem when it is realized that between 2009 and 2017 the executive in the course of the CBN’s commercial Agricultural credit score Scheme (CACS) spent a thumping N551.18 billion (for 547 initiatives) without sustained increase. In 2017 alone, the executive made provisions for N200billion in CACS of which N155billion had already been disbursed via February 2018.  negative agricultural performance relative to giant fiscal outlays yr-on-year reinforces the suggestion in company circles that backed lending to small scale and unstructured agricultural operations is inept, ineffective and grossly wasteful.

The agricultural sector has remained basically subsistence and this has restrained increase alternatives. If Nigeria is to Boost in agriculture and be a big influence on the world stage, it must be prepared to nurture higher farm holdings with expanded application of expertise. while micro, small, medium-sized entities (MSMSE’s) will not disappear, it is, despite the fact, important to canvass the argument that a more efficient constitution in the agricultural sector would be to have these smaller entities function out croppers to higher groups. The larger farmer would comfortable larger demand through access to better markets, which feeds through the sectoral value chain by having these greater efficient financial agents function off takers to smaller farm producers. The bigger producer can be responsible for price discovery at a more competitive international rate, take charge of storage costs and supply some variety of crop coverage by means of agreed forward pricing. this is able to certainly make agricultural financing greater captivating to banks and other non-bank financiers, who would cost lower costs for safer agricultural chance property. The agricultural ecosystem can be bootstrapped against greater effectivity and effectiveness through better operators purchasing up commodities from smaller farming entities. If these higher entities could be supported with storage facilities and a good home commodity market then agriculture as a percentage of GDP could be vastly higher than the fresh 22% down from 36% in 2009 and 37% in 2008. Between 2014 and 2017 regular contribution to GDP turned into within the location of 21% with a variance of seven.8%, notably in 2016 the contribution fell to a ten year low of 18.2% despite huge quantities of funds channeled into the field by means of crucial financial institution of Nigeria (CBN) preferred lending schemes.

The current gadget of funding small scale farming via single digit interest rate loans in an atmosphere of double digit inflation (at the moment put at eleven.26%) is a clear example of economic subsidy for an recreation wherein the social and financial cost, can also be significantly high. The undeniable fact that poor farmers are given loans at backed costs means that the govt is subsidizing probably the most inefficient operators within the sector, who in flip, given the indisputable fact that they have entry to low priced loans proceed to function at subsistence and inefficient ranges of creation with a high tendency to default on agreed compensation schedules. bigger farm holders, on the other hand, with more effective operations are more likely to face the ordeal of wringing out loans from the clamped fists of bankers who are more favourably disposed to possibility- free lending to the federal government at coupon fees of between 12% and 14% each year.

Discrimination towards larger farmers discourages such operators from enlargement and the software of more and more advanced know-how within the farmyard creation technique whereas at the identical time encouraging smallholders to continue to be pint-sized and harmful. The dilemma creates challenges that can be averted if govt’s fiscal coverage sees past subsistence farming to a broader agric way of life that intentionally hyperlinks farmers collectively in a social association that makes all and sundry better off.

complications, solutions and potentialities

The native agricultural sector is beset with a myriad of problems; the main ones consist of, but are not restrained to, Small and fractionalized land ownership, negative yield per hectare, bad farmer training and working towards, poor seed diversity, poor storage potential, poor transportation infrastructure, increasing rural-city migration, bad access to finance, restrained skills or use of emerging expertise, bad advertising and marketing, income and distribution methods and vulnerable value chain construction

 There are certain options to the issues enumerated above however the following are broader options with more radical results:

We trust agriculture as a means of promoting boom and building is overrated. certainly, what spurred Europe and the usa out of a Malthusian inhabitants entice was now not always boom in agriculture, however development in technology and the rearrangement of agricultural administration and ownership. The policy of encouraging extra individuals into agriculture creates a condition where marginal productivity of labour and land declines

The huge boom in Nigeria’s population prompts greater than passing difficulty about economic and social sustainability. Nigeria’s population is estimated to be a motley 198 million americans. If Nigeria doesn't ramp up the utility of technology to agricultural creation it will most actually end up a basket case of financial and social failure. Rising inhabitants on the back of subsistence agricultural production is a surefire prescription for chaos. whereas we may accept as true with that it's politically relevant to pour truck numerous money into rural agricultural practices and create a semblance of employment technology, the bitter reality is that the total agricultural value chain has to be overhauled. a few actions deserve to be taken automatically:

i)               Farmers should be organized into greater construction units and large scale

farmers deserve to be supported in buying heavy duty agricultural implements to enrich output per hectare of land. Small farm holders should not eradicated (this could volume to economic genocide!) but they might be anticipated to enter into a supply chain association with larger farmers who would support them with finance, enhanced diversity seedlings and extension assist features

ii)             Agricultural storage has to be given greater precedence with govt entering into a non-public public partnership in building meals storage silos

iii)            A commodity alternate must be created and made to easily expense farm goods ahead. This allows for a extra effective pricing of agricultural items with the aid of permitting for a extra resilient and legitimate expense discovery mechanism.

iv)            The wide gaps in agricultural construction, processing, distribution and income need to be crammed. this may only be performed if farmers are viewed as handiest a part of a more difficult procedure of agricultural construction. The narrow standpoint of agriculture as simply farming has confined the sphere’s skill of growing to be at a a lot quicker tempo. here is an example of this change: Ghana is the biggest exporter of cassava on the planet but Nigeria is the largest producer, a incontrovertible fact that naturally indicates that Nigeria has did not take full capabilities of its simple creation by using translating it into exportable products. here's in reality a failure of policy.

v)             If Nigeria need to grow its agricultural GDP in a meaningful method it ought to adopt a more strategic and lengthy-time period method to the field. What is required is a structural transformation, which means a root and department reform. this would suggest helping complex creation chains in the sector in commodities by which the country has some relative (or possibly absolute) competitive skills.

Nigeria has giant potentialities in turning the agricultural sector into the nation’s most important overseas alternate earner. The problem is a framework that develops the value chain in a fashion that permits the nation promote agricultural produce at a top quality and value the realm sees as competitive.

Conclusion

it is my opinion that if Nigeria’s agricultural price chain at different degrees have to be made to serve the overriding surest pastime of the nation, the governance ethos of the country must be reviewed to make agricultural construction, storage, distribution and alternate greater efficient and advantageous. We need to be organized to make radical alterations to the way the country and the agricultural sector is managed. without this, we are able to eventually discover that whereas we quibble about narrow political pursuits, the rest of the realm will flow on, leaving us to be international hewers of wood and drawers of water. obviously, a shiny new world has emerged and is accelerating abruptly. it is the world of synthetic Intelligence (AI), massive data processing, Cyber-connectivity, intelligent Engineering and Robotics.

This development is not about tradable culture however in regards to the utility of advanced intellect to the evolving realities of a changing world. it is a poignant irony that whereas the rest of the area is safely engaged in these approaches, our country continues to be locked in the conundrum of the battle to obtain the most basic of human wants – meals, garb and protect. The agricultural revolution took area in Europe a whole bunch of years ago. in the meantime in Nigeria, we're nonetheless discovering the fundamentals. We must reinvent our society with a view to manage our procedures more with no trouble to serve our nation and people better.

Defining Agriculture readily and leveraging on its distinctive value chain can most effective be carried out sustainably within the context of a reformed and restructured Nigeria, with an over hauled country wide value system. A rebased price equipment which is underpinned by means of liable and responsive leadership, that locates service to the individuals as the important purpose of management is what's required at present.

Some individuals, can be tempted to belittle the compelling urgency of this quintessential. but, let me say, with each due admire, such individuals are wrong and their position, incurably faulty. The fact is that Nigeria now not has the luxury of time to preserve making blunders. The exploding demographic situation and dynamic complexities of the new world order, make it obligatory for Nigeria to either get her acts together or pay a steep fee.


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CheckPoint 156-510 Exam (Check Point NG with Application Intelligence - Management III) Detailed Information



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