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Nigeria’s Agricultural Import Bill surged 30% to N920 billion in Q1 2024, underscoring the nation's growing reliance on imported agricultural products like wheat and essential foods to meet consumer demand, which domestic farming struggles to satisfy. Nigeria's imported food inflation grew to over 36.38% in June 2024 according to reports. [23]
The Ministry, formerly known as the Federal Ministry of Agriculture and Rural Development (FMARD), was established in 1966. [4] The Ministry is responsible for the formulation and implementation of policies to provide food for a growing population, supply raw materials for industry, expand markets for agricultural products, create jobs, and diversify the economy.
Along with climate and corresponding types of vegetation, the economy of a nation also influences the level of agricultural production. Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat. Products ...
A farmer and his cow. The majority of herders in African countries are livestock owners. Livestock farming is a part of Nigeria's agriculture system.In 2017, Nigeria had approximately over 80 million poultry farming, 76 million goats, 43.4 million sheep, 18.4 million cattle, 7.5 million pigs, and 1.4 million of its equivalent. [1]
The following list, derived from the statistics of the United Nations' Food and Agriculture Organization (FAO), lists the most valuable agricultural products produced by the countries of the world. [1] The data in this article, unless otherwise noted, was reported for 2016.
Nigeria ranks sixth worldwide and first in Africa in farm output. [63] The sector accounts for about 18% of GDP and almost one-third of employment. Though Nigeria is no longer a major exporter, due to local consumer boom, it is still a major producer of many agricultural products. [64] Further agricultural products include palm oil and rubber.
Agricultural sustainability in Northern Nigeria requires flexibility in both ecological management as well as economic activity. [1] The population densities of the rural area in this region climbed from 243 to 348 people per square kilometer between 1962 and 1991, but the land area under permanent cultivation remained approximately the same. [ 1 ]
The crop was a major foreign exchange earner for Nigeria in the 1950s and 1960s and in 1970 the country was the second largest producer in the world but following investments in the oil sector in the 1970s and 1980s, Nigeria's share of world output declined. In 2010, cocoa production accounted for only 0.3% of agricultural GDP. [1]