On-the-Ground Updates

Nigerian agriculture sector feeling COVID-19 impact

Market & Price Trends
Innovation & Technology
Anthonia Egbe
Published May 6, 2020
With the emergence of COVID-19, it is expected that the value-added per capita of the country’s agriculture would slow further amid an inability to export essential agricultural and allied commodities fueled by a continuous decline in the production of those commodities.
The Lagos Chamber of Commerce and Industry (LCCI) disclosed that Nigeria has lost $10 billion in annual export opportunity due to a continuous decline in the production of some essential agricultural commodities.
Although agriculture remained the largest sector of the Nigerian economy and employs two-thirds of the entire labor force, production hurdles have significantly stifled the performance of this sector.
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