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
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 How much does the Nigerian government budget for social housing in a year? Source Public Presentation of Approved 2022 FGN Budget – Breakdown and Highlights Short answer How much does the Nigerian government budget for social housing in a year? The federal government allocated N10 billion for its Social Housing Scheme (Family Homes Fund) in 2022. ... Back Full answer
Housing What is Nigeria’s housing deficit? Source World Development Sustainability Journal 1 (2022): Insights of housing providers’ on the critical barriers to sustainable affordable housing uptake in Nigeria Short answer What is Nigeria’s housing deficit? Nigeria is currently experiencing the worst housing deficit and crisis in decades since the 2015 economic recession. The country has a homeownership rate of no more than 20% and a housing shortage of more than 20 million units. ... Back Full answer
Agriculture Has Nigeria banned the importation of rice? Source Dubawa fact check: Osofo Kyiri Abosom’s claim about Nigeria banning importation of rice fact-checked Short answer Has Nigeria banned the importation of rice? While Nigeria has banned the importation of rice through its land borders, the country still imports rice via its shipping ports in order to meet local demand.... Back Full answer