The agricultural sector of Africa's largest economy has suffered since the oil boom of the 1970s, reducing the country to a growing dependence on imported food. Despite repeated assurances from successive governments, the country has consistently underfunded its agricultural sector, resulting in poverty, food shortages, and slowing economic growth. The lack of infrastructure, insecurity, as well as the negative impacts of climate change, hamper the growth of the sector while offering countless opportunities for France in an area that remains a priority for the Federal Government.
Original content
The agricultural sector of Africa's largest economy has suffered since the oil boom of the 1970s, reducing the country to a growing dependence on imported food. Despite repeated assurances from successive governments, the country has consistently underfunded its agricultural sector, resulting in poverty, food shortages and slowing economic growth. The lack of infrastructure, insecurity, as well as the negative impacts of climate change hamper the growth of the sector, while offering countless opportunities for France in an area that remains a priority for the Federal Government. In 1960, food exports contributed more than 70% of the GDP and Nigeria was the world's largest producer of rubber, peanuts and palm oil, as well as second for cocoa. In 2020, the agricultural sector contributes 22% of the GDP while the sector formally or informally employs more than 70% of the population. The federal government supported by the Central Bank gives an ambitious place to the agricultural ...
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