Achieving Sustainable Development Goals 2 of Food Security and Zero Hunger in Nigeria Through Land Remediation

Authors

  • Yusuf Martins Sotomiwa * Department of Agricultural and Resource Economics, Federal University of Technology, P.M.B. 704, Akure, Ondo State, Nigeria.
  • Oluwafunmilayo Gloria Thompson Department of Information and Communication Technology (ICT), Agro Traders Limited, Plot 2, Block XLII, Prince Afolabi Obasuyi Street, Alagbaka GRA, Akure, Ondo State, Nigeria.

https://doi.org/10.22105/tqfb.v2i2.61

Abstract

The study was carried out to analyze the cost of remediation of arable crops farmland from sand mining in Ondo State, Nigeria to ensure availability of land for farming. This will enhance the achievement of SDGs 2 of food security and zero hunger. A total of 120 respondents using multistage sampling technique were sampled. Data were analyzed using descriptive statistics, soil analysis and Net Present Value (NPV). The study showed that there is a severe nutrient depletion of the physical and chemical properties of farmland due to sand mining activities. The study further revealed that arable crop farmers are losing money by giving out their farmland to the sand miners in the study area. From the study, it will cost N2,586,000 ($1,668.39) to remediate an hectare of farmland that has been mined by sand miner for at least two years. The result of the NPV revealed that  in the long run, the arable crop farmers who continue with their arable crop farming for five years will make N12,377,023 ($7,985.18) while their counterpart who lease their farmland to sand miners will only earn N7,245,240 ($4,674.35). The study therefore recommends that agricultural land owners should stop leasing out their land to sand miners in the study area. Government and other stakeholders should aim to regulate the activities of sand miners and assist the arable crop farmers to diversify their income especially during off season farming

Keywords:

Sustainable development goals 2, Sand mining, Food security, Soil analysis, Net present value

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Published

2025-06-02

Issue

Vol. 2 No. 2 (2025): Transactions on Quantitative Finance and Beyond

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Articles

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Copyright (c) 2025 Transactions on Quantitative Finance and Beyond

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How to Cite

Sotomiwa, Y. M., & Thompson, O. G. (2025). Achieving Sustainable Development Goals 2 of Food Security and Zero Hunger in Nigeria Through Land Remediation. Transactions on Quantitative Finance and Beyond, 2(2), 109-119. https://doi.org/10.22105/tqfb.v2i2.61
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