Tridge summary
A study has been conducted by the LNV West Africa to understand the procedures, policies, and challenges of exporting agricultural products from Nigeria to the Netherlands. Nigeria is looking to increase its food trade to meet the projected demand for 2028, as it is the largest employer and contributor to the country's GDP. However, the country has lost USD 10 billion in annual export opportunities due to challenges such as corruption, high cost of doing business, and limited access to investment capital. The Netherlands offers potential for collaboration to address these challenges and enhance the transformation of the Nigerian agro-export sector. The article also highlights the complexities and requirements for Nigerian agricultural commodities to be exported to the EU, including the need for simplification of the certification process and improved information on export requirements and product certification among value chain actors.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Netherlands is amongst Nigeria's biggest trading partners. Nigeria exports agricultural products like cocoa beans, cashew nuts in shell, frozen shrimps, ginger, fish, crustaceans, mollusks, aquatic invertebrates, oilseed, grain, seed, fruits to the Netherlands. The Nigerian government policies on agriculture are focused on agro-export promotion amongst others. There is also a growing interest of Dutch agribusiness companies in Nigeria, the focus of the Nigerian industrial policies towards earning more forex, and the growing private capital investments in the agro-export value chain has triggered an interest to study the agro-export value chain . A study was commissioned by the LNV West Africa to provide clear insights into the procedures, policies, and challenges of exporting agricultural-related products and services from Nigeria. The information is expected to guide international trade between the Netherlands and Nigeria. Increased food trade can help Nigeria meet the ...
Source: Agroberichtenbuitenland
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.