1 tractor pulling a plough can clear 2 hectares of farmland daily

Therefore, for 100 hectares (of aggregated small holder farmland) 3 or 4 tractors will complete land preparation in one month.

Same landmass will take almost 200 farmers the same time to prepare

The cost of 1 used brand name tractor from Europe or America will take care of the manpower cost of 100 hectares for one season alone

Therefore within 5 years, the cost of one tractor will be fully covered from manpower costs alone

A tractor can work for 10 years or more

Therefore an influx of private capital into tractor import financing can expand manpower productivity capacity by a factor of up to 2000% per annum on our farms

Surplus manpower capacity can be channeled into more productive areas such as weeding, plant nursing, processing, etc

This isn't an area for government, but rather the private sector.

Tractors are easier to make than passenger cars

Incentives should be channeled to automakers to manufacture tractors and financed by banks under higher purchase schemes.

The potential boost to our economy from

such a scheme will multiply growth and boost productivity, while increasing supply and bringing down costs of food and industrial feedstock

This will also increase our export competitiveness.

Agricultural productivity growth is directly proportionate to growth in mechanization

capacity

@cenbank and @FmardNg need to channel their focus to how we can increase supply of tractors into our agricultural space in Nigeria

There's plenty of room for collaboration between tractor investors and small holder farmers to increase productivity and share profits