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
Natural resources & energy Economy What is the contribution of the oil sector to Nigeria’s GDP? Source National Bureau of Statistics: Nigerian Gross Domestic Product Report Q3 2023 Short answer What is the contribution of the oil sector to Nigeria’s GDP? In nominal terms, Nigeria's GDP stood at N60.66 trillion in the third quarter of 2023. The oil sector contributed 5.48%) to the total real GDP that quarter, lower than the 5.66% figure recorded in the corresponding period of 2022, and also less than in the preceding quarter, when it contributed 5.34... 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
#YouAsked Natural resources & energy How many artisanal miners are there in Nigeria? Source Delve Database - Nigeria Short answer How many artisanal miners are there in Nigeria? According to Delve, a global platform for artisanal and small scale mining data, there are an estimated 400,000 to 500,000 people working in the Artisinal and Small Scale Mining Sector in Nigeria. ... Back Full answer
Natural resources & energy How much electricity does Nigeria generate? Source USAID: Power in Nigeria Factsheet Short answer How much electricity does Nigeria generate? Nigeria has large oil, gas, hydro and solar resources, and it has the potential to generate 12,522 MW of electric power from existing plants. On most days, however, it is only able to dispatch around 4,000 MW, which is insufficient for a country of over 195 million people. ... 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