Wheat, ethanol top list of U.S. agricultural exports to Nigeria in 2021

Published 2022년 10월 28일

Tridge summary

In 2021, Nigeria's imports from the United States included wheat and ethanol, with a total value of $626.59 million, as per US Department of Agriculture data. This marks a 45% increase in the value of US agricultural exports to Nigeria between 2020 and 2021. Despite Nigeria's vast land, the country relies heavily on imported food and agricultural products due to underperformance in its agricultural sector. Nigeria spent N1.97 trillion on food and agricultural imports in 2021, a figure expected to rise due to ongoing floods. The country imports over 90% of its wheat. Kabir Ibrahim, president of the All Farmers Association of Nigeria, attributed low agricultural productivity to factors such as inflation, insecurity, and recent flooding.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat and ethanol topped the list of agricultural items Nigeria imported from the United States of America in 2021. This is according to data by the United State Department of Agriculture. The data shows wheat, alongside ethanol and food preparation topped the list with a total value of $626.59 million. Other items were wine and related products, fish and seafood, intermediate products, essential oils, dairy products, tobacco and distilled spirits. According to the report, the value of the agricultural commodities exported by the U.S. to Nigeria rose 45 per cent between 2020 and 2021. In 2020, Nigeria spent $487 million on U.S. agricultural products, less than $653.27 million recorded in 2019. The amount rose to $710.25 million in 2021. Of that total, wheat alone gulped $503.63 million, representing the amount paid to import 1.6 million metric tonnes of the crop, the data showed. Tobacco and distilled spirits, least on the list, cost Nigeria $3.82 million and $3.72 million ...

Source: Premiumtimesng