Nigeria earns $400m from agro exports, imports gulp $10bn annually – FG
Nigeria's agro exports bring in $400 million, while imports cost $10 billion annually, according to the Federal Government. At the FirstBank Nigeria 2025 Agric Export Expo in Lagos, it was revealed that imports include food items like wheat, rice, sugar, fish, and tomato paste.
The Special Adviser to the Minister, Ibrahim Alkali, emphasized the need for financing to boost local exports. Despite agriculture contributing 35% to the GDP and employing 35% of the workforce, Nigeria spends billions on imports.
The government aims to achieve food sovereignty and increase exports, with President Bola Tinubu's administration focusing on agricultural investment. Niger State Governor Umaru Bago reiterated the commitment to driving agricultural investment and urged more financing for farmers.
The event highlighted the benefits of investing in agriculture and the importance of diversifying Nigeria's economy away from oil dependency.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FG decries low agricultural export earnings, below $400 million despite major GDP contribution
FG Prioritising Ending $10bn Food Imports – Kyari
Nigeria's GDP Growth Accompanied by 28.6% Surge in Agricultural Imports to N1.84trn
FirstBank Hosts 2025 Agric & Export Conference to Drive Non-Oil Export Growth
Nigeria’s non-oil exports hit $3.23billion in first half of 2025
Nigerian Government Launches $3.14bn Agric Investment Scheme with FAO to Boost Key Value Chains
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
