Agriculture Which agricultural commodity has the highest trade value in Nigeria? Source Foreign Trade in Goods Statistics (Q3 2023) (Nigeria National Bureau of Statistics) Short answer Which agricultural commodity has the highest trade value in Nigeria? In the third quarter of 2023 ‘superior quality Cocoa beans’ had the highest export value in Nigeria at N42.24 billion. This was followed by other cut flowers and flower buds’ with N36.32 billion and ‘Sesamum seeds’ with N23.22 billion. Topagriculturalimports in the third quarter of 2023 in... Back Full answer
Agriculture What is Nigeria’s biggest agricultural export? Source Foreign Trade in Goods Statistics (Q3 2023) (Nigeria National Bureau of Statistics) Short answer What is Nigeria’s biggest agricultural export? Raw cocoa beans are Nigeria's largest agricultural export commodity. The crop accounts for N42.24 billion of the country’s total agricultural exports as of the third quarter of 2023. ... Back Full answer
Housing Is there any data available on housing affordability in Africa? Source The Centre for Affordable Housing Finance in Africa (CAHF): Housing Finance in Africa Yearbook 2022 Short answer Is there any data available on housing affordability in Africa? Housing affordability is based on three things: household income, the price of the house, and the terms of the finance. Across Africa, a combination of low urban household incomes, high mortgage interest rates and a lack of access to finance, results in very low housing affordability. In 2022, th... Back Full answer
Housing Which countries have the largest housing shortages in Africa? Source The Centre for Affordable Housing Finance in Africa (CAHF): Housing Finance in Africa Yearbook 2022 Short answer Which countries have the largest housing shortages in Africa? African cities become new homes to over 40,000 people a day. According to the latest statistics from the CAHF, Africa faces a shortfall of at least 51 million housing units. Nigeria has a housing deficit of 28 million units, the Democratic Republic of Congo has a deficit estimated at 3.9 million (or... Back Full answer
Agriculture What is the contribution of agriculture to Africa's GDP? Source World Bank: Agriculture, forestry, and fishing, value added (% of GDP) - Sub-saharan Africa ag Short answer What is the contribution of agriculture to Africa's GDP? Farming is key to the majority of African economies and accounts for at least 17% of sub-Saharan Africa's GDP. ... Back Full answer
Agriculture Which African country is most dependent on agriculture? Source World Bank: Agriculture, forestry, and fishing, value added (% of GDP) Short answer Which African country is most dependent on agriculture? Somalia. According to the World Bank, agriculture made up 62.7% of the country's GDP in 2021. ... Back Full answer
Agriculture Which African country is the world’s largest producer of yams? Source Food and Agriculture Organization of the United Nations Short answer Which African country is the world’s largest producer of yams? According to the Food and Agriculture Organization of the United Nations, Nigeria was the world's largest producer of yams in 2021, with an output of 50 million tonnes ... Back Full answer
Economy Agriculture How much does agriculture contribute to Nigeria’s GDP? Source Nigerian Gross Domestic Product Report Q1 2023 (Nigeria National Bureau of Statistics) Short answer How much does agriculture contribute to Nigeria’s GDP? Agriculture contributed 19.63% to nominal GDP in the first quarter of 2023. This figure was lower than the share recorded in the first quarter of 2022 and in the fourth quarter of 2022 which were 21.09% and 24.90% respectively. However, the sector contributed 21.66% of total GDP in real terms in the... Back Full answer
Housing Do more people in Africa live in urban areas or rural areas? Source World Bank: Rural population (% of total population) - Sub-Saharan Africa Short answer Do more people in Africa live in urban areas or rural areas? Sub-Saharan Africa remains mostly rural, with 53% of its population living in rural areas. ... Back Full answer