Niger State Governor Mohammed Umaru Bago has revealed that the state generated over N600 billion from agriculture and related businesses in 2024, driven by combined efforts from the public and private sectors.
Nigeria's agriculture sector remains the country's largest employer in 2023, with over 25 million individuals engaged in agriculture, forestry, and fishing activities representing 30.1% of the total workforce.
The Chairman of the Poultry Association of Nigeria (PAN), Oyo State chapter, Mr. Omidokun Oyekunle, has revealed that nearly half of the poultry farmers in the state have gone out of business.
A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income tax payment by companies in manufacturing, agriculture and 12 others declined by a minimum of 16%.
President Bola Tinubu has said that the high price of food items in the country can be attributed to the loss of 60% to 70% of the food produce to external damages such as bad roads, banditry, and terrorism.
The Nigerian Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter (Q1) of 2024.
In Q4 of 2023, Nigeria shifted back into net importer status, primarily attributed to a substantial acquisition of tanks and armoured vehicles in October, valued at N5.06 trillion.
A new report by SB Morgan Intelligence has revealed that farmers across Northern Nigeria pay as much as N100,000 to access their farmlands during the planting or harvest season.
The Nigerian agricultural sector recorded a meagre $19.91 million in foreign investment for the year 2023 representing just 0.50%.
The Nigerian Senate has urged the executive to allocate a minimum of 10% of the total annual budget revenue to agricultural production.
In the first half of 2023, Nigeria's dominant sectors collectively contributed N75.22 trillion, comprising 72.8% of the total non-oil sector input, marking a modest 1.6% increase compared to 2022 year-end figures of 71.2%.
The Nigerian Government recently revealed that Nigeria recorded a total foreign trade of N12.05 trillion in the first quarter of 2023, representing a 17.5% decrease compared to N14.6 trillion recorded in Q1 2022.
