With a population of more than 200 million and land mass of 923,768 km2, Nigeria is well positioned to be one of the largest exporters of agricultural produce. Ironically, this is not yet the case as Nigeria significantly relies on the importation of agricultural products, usually finished products, to meet its immense demands.
The agricultural industry contributed around 24% of Nigeria’s Gross Domestic Product (GDP) in 2020. The industry is also the largest employer of labour in Nigeria accounting for more than 36% of the country’s workforce.
Interestingly, the optics for agricultural exports in 2020 was positive with exported agricultural products worth N321.5 Billion in 2020 representing, a 19.16% increase to the N269.8 Billion recorded in 2019 and a 6.27% increase to the N302.28 Billion recorded in 2018. Some popular agricultural produce exports include cocoa, sesame seeds, cashew nuts, ginger, soybeans.