NIAEXPO 2025

Why Nigeria Agritech Space

Nigeria is the largest agriculture business hub in West Africa, its economic statistics reveal annual economic growth rates that averaged over 7% in recent decades, making Nigeria one of the fastest growing economies in West Africa. Agro inputs contributed 75% to the agricultural development in Nigeria and other West Africa countries. More than 25 million people is the estimated commercial farmers while about 55 million are in rural farming, both are managing assets of about 320 billion USD.

NIGERIAN AGRI PRODUCE IN NUMBERS

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Nigeria is Africa’s largest producer of maize with annual production of 12mmt.
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Worlds largest producer of Cassava with production of 59.2 mmt.
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5th largest palm oil producer globally with 1.4 mmt annual production.
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Africa’s largest producer of rice with 5mmt annually and is among the top 15 producers globally.
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Nigeria produces 7mmt of Sorghum and it's the second only to the USA.
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Nigeria is the worlds largest producer of Yam with annual production of 50mmt.
7
4th largest coco bean producer in the world at 3.28 lakh mt.

Industry Facts

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Share of Agricultral in Nigeria's GDP

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The agricultural sector remains the largest employer in Nigeria, employing more than 36% of the labor force

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Nigeria’s tractor density is at 0.27 hp/hectare which is far below the FAO’s recommended tractor density of 1.5 hp/hectare

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About N40 billion was earmarked by the government for agricultural research and development (R&D) in 2019

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Nigerians spent about N22.8 trillion on food items in 2019, that's 56.7% of the total household expenditure of N40.2 trillion