The Current State Of Agriculture In Nigeria Shows:

The Current State Of Agriculture In Nigeria Shows:

1. The agriculture sector remains the largest employer in Nigeria, employing more than 60% of the labour force.
2. More than 80% of Nigeria’s farmers are small hold farmers (SHF’s), these numbers account for 90% of Nigeria’s Agriculture Produce.
3. Only about ₦40 billion was earmarked by the government for agricultural research and development (R&D) in 2019.
4. Agriculture budget represents 1.8% (or ₦183 billion) of the total 2020 budget size. This significantly falls short of the 10% specified in the Maputo Declaration.
5. Nigeria’s Agricultural trade deficit widened by ₦689.7 billion in 2019 compared to ₦549.3 billion in 2018.
6. In four years (2016-2019), Nigeria’s cumulative agricultural imports stood at ₦3.35 trillion, four times higher than the agricultural export of ₦803 billion within the same period.
7. Nigeria spent about ₦22.8 trillion on food items in 2019, representing more than half (56.7%) of the total household expenditure of ₦40.2 trillion.
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