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The manufacturing sector leads Nigerian MSME revenues with ₦8.27 million monthly, far outpacing service sectors
  • Manufacturing records the highest monthly revenue at ₦8.27m, nearly double that of the next sector.
  • Healthcare (₦5.02m) and Transportation (₦3.70m) follow, reflecting essential service demand.
  • Industries like Marketing & Advertising (₦191k), Food & Beverages (₦320k), and Education (₦440k) earn significantly less on average.
  • The difference between top earners (Manufacturing, Healthcare) and bottom sectors highlights a stark inequality in industry.

Trade and agriculture led Nigeria’s ₦51.20 trillion economy in Q2 2025, as oil’s share remained modest
  • Trade contributed 18.28%, making it the largest sector in Q2 2025's GDP.
  • Crop production followed with 17.8%, underscoring agriculture’s central role.
  • Oil and gas added just 4.05%, highlighting its shrinking share compared to non-oil sectors.
  • Real estate and telecoms reinforced the growing strength of services in the Nigerian economy.

India leads global banana production with 36.6M tonnes in 2024 as Nigeria ranks 4th among top producers with 7.3M tonnes
  • India dominates global banana output with 36.6 million tonnes, accounting for over a third of total production among the top 10 countries.
  • China (11.7M) and Indonesia (9.34M) round out the top three, contributing significantly to Asia’s dominance in banana farming.
  • Nigeria ranks 4th globally, producing 7.3 million tonnes, slightly ahead of Ecuador and Brazil.
  • Africa is well represented, with Nigeria, Angola, and Tanzania collectively contributing 15.86 million tonnes, or about 16% of the top 10 output.

Top ten African countries by arable land in hectares as of 2024
  • Nigeria leads Africa in total arable land with 36,872,000 hectares, more than twice that of Niger, the second-ranking country.
  • Niger ranks second with 17,700,000 hectares.
  • The Democratic Republic of Congo (DRC) ranks third with 13,680,000 hectares, revealing the role of Central Africa in agricultural land availability.
  • Other notable countries include Chad (5.3M hectares), Zambia (3.8M hectares), and Guinea (3.1M hectares).
  • The countries at the bottom of the top ten list, such as Congo (550,000 hectares), Liberia (500,000 hectares), and Mauritania (450,000 hectares), have relatively limited arable land compared to leading nations.

Yams led Nigeria's crop value in 2022 with $25 billion
In 2022, yams topped the list of over 44 agricultural products in Nigeria, with 61.2 million tonnes valued at $25 billion, making Nigeria the leading producer of yam globally. Cassava followed with $8.8 billion, and maize ranked third with $4.5 billion. These crops underscore Nigeria's agricultural strength.

Indonesia and Malaysia accounted for 84% of global palm oil production in 2021
Asian countries dominated the global palm oil market in 2021. Indonesia and Malaysia accounted for 67.8 million tonnes out of 80.7 million tonnes produced. Smaller producers like Nigeria (1.4 million tonnes) and Guatemala (0.8 million tonnes) had modest contributions.

Finance and Insurance sectors lead with 30% growth in H1 2024
While Agriculture and Telecommunications remain the largest contributors to Nigeria's GDP in H1 2024, the Finance & Insurance sector stands out with a 30% growth rate. Other sectors, including Water & Waste Management and Mining & Quarrying, also experienced significant growth.

Nigeria: Sectors that experienced the most growth in H1 2024
Nigeria's GDP in H1 2024 is driven by 22% from Agriculture, 19% from Information & Communication, and 16% from Trade, collectively accounting for 57% of the economy. Total GDP grew by 3.08% during this period.

42% of Nigeria’s agricultural households rear chickens
Chickens and goats are Nigeria's most-reared livestock. Per the National Bureau of Statistics' survey, of the estimated 40.2 million agricultural households in Nigeria, 41.5% rear chickens and 41.3% rear goats. These numbers show that a significant portion of Nigeria's agricultural households focus on these two animals. Here are the most-reared livestock in Nigeria's agricultural households.

91% of agricultural households in Nigeria engage in crop farming
Nigeria's agricultural landscape is diverse, with households engaging in various farming activities. Crop farming dominates, but livestock rearing and poultry farming are also significant. Each sector plays a crucial role in the economy, with crop farming driving food production and livestock providing protein.

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