• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Agriculture

Nigeria has lost out in agricultural export markets – Dr. Okonjo Iweala

Aghogho Udi by Aghogho Udi
March 13, 2024
in Agriculture, Sectors
Dr. Okonjo Iweala, WTO,

Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala

Share on FacebookShare on TwitterShare on Linkedin

Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala has stated that Nigeria has lost out in agricultural export markets and has become a net importer of food.

She stated this during the inauguration of the $1.2 million programme to improve the export standard of Nigeria’s sesame and cowpea products.

The ex-Minister of Finance stated that although Nigeria’s agriculture sector has the capacity to significantly boost export diversification and create jobs, many of these opportunities are still untapped due to existing obstacles.

RelatedStories

Top 10 African countries with the highest international airfare charges in 2024

Top 10 African countries with the highest international airfare charges in 2024

July 7, 2025
Lagos emerges the world’s fastest-growing tech city in 2025 

Most expensive African countries to rent a home in 2025 

June 24, 2025
  • She said, “We all know the story about Nigeria being a significant exporter of palm kernel, groundnuts, palm oil, cotton and cocoa, but the country has since become a net importer of many of these goods.”
  • “In fact, Nigeria has not only lost out in agricultural export markets, it is a net food importer spending about billions a year for goods, many of which we can also produce here.”
  • “Nigeria used to be a formidable agricultural exporter. Up to the mid-1960s, the country’s share of world agricultural exports was more than one per cent.”
  • “However, agricultural exports collapsed as the economy shifted towards petroleum exploitation, and by the mid-1980s Nigeria’s world market share for agricultural products has dwindled to less than 0.1 per cent,”

Challenges of Nigeria’s agricultural exports

The director-general highlighted that trade-related issues on the supply side are part of the reason for Nigeria’s untapped potential, which the project intends to address.

She noted that Nigeria is the leading producer and consumer of cowpeas globally and a major producer of sesame, exporting to the EU, Türkiye, Japan, South Korea, and other Asian countries.

However, Nigerian exports of cowpeas and sesame have faced increasing rejections in various international markets due to failure to meet the Standard Phytosanitary Measures (SPS) requirements.

Okonjo-Iweala explained that the project’s goal is to enhance the understanding of market access requirements among stakeholders in the sesame and cowpea value chains.

She added that the initiative would focus on improving agricultural practices, including pesticide use, hygiene, harvest and post-harvest processes, and food safety.


Follow us for Breaking News and Market Intelligence.
Tags: Agricultural ExportsDr. Okonjo- IwealaNigeriaWTO
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Related Posts

Top 10 African countries with the highest international airfare charges in 2024
Aviation

Top 10 African countries with the highest international airfare charges in 2024

July 7, 2025
Lagos emerges the world’s fastest-growing tech city in 2025 
Hospitality & Travel

Most expensive African countries to rent a home in 2025 

June 24, 2025
Independence day – Women, wealth, and the call for financial freedom 
Sectors

Nigeria slips to 66th position in 2025 Global Startup Ecosystem Index  

May 31, 2025
Developing countries may likely bear the brunt of OPEC’s oil production cuts – IEA
Energy

Nigeria, Ivory Coast, and Mozambique set for 10 offshore drilling projects by 2027 

May 5, 2025
Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 
Economy

Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

April 30, 2025
UK,Rwanda
"Japa"

Japa: UK deports immigration offenders and failed asylum seekers to Nigeria and Ghana 

April 27, 2025
Next Post
Dayo Mobereola

Meet Dr. Mobereola, the new DG of NIMASA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
Emple
Palmpay
first bank








DUNS

Recent News

  • Top 10 Nigerian banks with the biggest social media presence in July 2025  
  • Top 10 most affordable Nigerian states to live in July 2025 
  • Lagos tops global traffic congestion in 2025, ahead of Los Angeles, Delhi and San Jose — Report 

Follow us on social media:

Recent News

Top 10 Nigerian banks with the biggest social media presence in July 2025  

Top 10 Nigerian banks with the biggest social media presence in July 2025  

August 16, 2025
Top 10 most affordable Nigerian states to live in July 2025 

Top 10 most affordable Nigerian states to live in July 2025 

August 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics