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Nigeria Ramps Up Agricultural Exports By 123%

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Newly released data by the Nigerian Bureau of Statistics has revealed that exports of agricultural goods from Nigeria to other countries, increased by 123 per cent over the value recorded in the fourth quarter of 2023 (₦463.97bn), and also by 270 per cent when compared to the value recorded in Q1, 2023 (₦279.64 billion). The NBS’s report on ‘Foreign Trade in Goods Statistics’ for Q1, 2024, noted that most of the agricultural products were exported to Asia, valued at ₦572bn, followed by exports to Europe with ₦366bn. The reports added that export of agricultural products was dominated by ‘Sesamum seeds’ valued at ₦247.75bn, ‘Superior quality Cocoa beans,’ with ₦231bn and ‘Standard quality Cocoa beans’ with₦140bn.

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