Here is a list of the top 10 agro-food products exported by Nigeria in 2020
The value of imported agricultural goods rose by 5.75% to N532.39billion in Q4, 2020 from N503.4billion in Q3, 2020.
According to experts, protectionism if properly implemented can help boost Nigeria's local production and the economy.
Nigeria recorded its highest foreign trade deficit since 1981 as the country's trade balance stood at -N7.38 trillion in 2020
Nigeria's total foreign trade for the fourth quarter (Q4) of 2020 rose 8.8% to N9.12 trillion in Q4 2020
Total import for the period stood at N4.02 trillion while total export was N2.22 trillion.
Nigeria’s total foreign trade (import and export) rose marginally by 0.8% year on year, when compared to N8.24 trillion recorded in the corresponding quarter of 2019.
Many Nigerians have taken to Twitter to express their displeasure over news that members of the House of Rep have chosen foreign cars over local carmakers like Innoson.
Nigeria’s foreign trade rose to N9.18 trillion in the Q3f 2019, up from N8.60 trillion recorded in the previous quarter. That is, the nation's total foreign...