Nigerian Agricultural Sector Contracts in January Amid Rising Costs and Insecurity

In January, Nigeria's agricultural sector witnessed a decline attributed to the surge in input costs and prevailing insecurity issues. The rising costs of agricultural inputs, coupled with security challenges such as farmer-herder conflicts and banditry, have significantly impacted the sector's performance.

This contraction underscores the urgent need for interventions to address these issues and support the growth of the agricultural industry, a critical sector for Nigeria's economy.