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Nigeria recorded the lowest score on food affordability in the 2022 global food security index, with 25 points
  • Among the 113 countries measured in the 2022 Global Food Security Index, Nigeria is ranked 107th overall, putting it deep in the bottom ten globally.
  • Nigeria has the lowest affordability score globally in the GFSI 2022, scoring only 25.0 in that pillar.
  • The country performs marginally better in other pillars: its score in “Quality and Safety” is relatively higher (55.6), and “Sustainability and Adaptation” is 53.7. But other pillars like “Availability” (39.5) remain weak.
  • Globally, a group of countries, including Nigeria, DR Congo, Sudan, Venezuela, Burundi, Madagascar, Sierra Leone, Yemen, Haiti, and Syria, all cluster at low overall GFSI scores (below ~45), reflecting severe challenges.

China dominates Nigeria’s imports while Spain leads as top export destination in Q2 2025
  • China remains Nigeria’s largest import partner, accounting for ₦4.96T or 32.45% of total imports—more than double the U.S.'s share.
  • The United States holds second place in imports, contributing ₦2.16T (14.12%), while India, the Netherlands, and the UAE follow with smaller shares below 6%.
  • Spain tops Nigeria’s export market, receiving ₦2.47T worth of goods, representing 10.85% of total exports.
  • Europe features strongly among export partners, with Spain, France, and the Netherlands together absorbing nearly a quarter of Nigeria’s outbound trade.

Togo emerges as Nigeria’s largest African trading partner in Q2 2025
  • Togo leads on both sides of trade, supplying ₦211.99B in imports and receiving ₦811.97B in exports, making it Nigeria’s strongest African partner by value.
  • South Africa ranks second, with imports of ₦115.15B and exports of ₦473.65B, reflecting deep bilateral trade ties.
  • Côte d’Ivoire also features prominently, sending ₦106.15B worth of goods to Nigeria while importing ₦408.97B, showing balanced engagement.
  • West Africa dominates Nigeria’s intra-African trade, with Togo, Côte d’Ivoire, and Ghana collectively accounting for a significant share of regional exports.

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.

After years of volatility, Nigeria’s crude oil production has increased in four consecutive quarters, rising to 1.68 mbpd in Q2 2025
  • Production dipped sharply in 2022, with the steepest quarterly decline of –16.08% in Q3, before recovering at year-end.
  • 2023 marked a rebound year, highlighted by strong quarterly growth of 18.85% in Q3, lifting production back above 1.5 mbpd.
  • 2024 showed relative stability, with modest fluctuations; production only briefly fell below 1.5 mbpd before gradually recovering.
  • By Q2 2025, output hit 1.68 mbpd, the highest in the series, supported by consistent growth in three straight quarters.

Nigerian nationals received 880 H-1B visas in FY 2024, with the highest number of approvals recorded in December 2023
  • Nigeria received a total of 880 H-1B visas in FY 2024, averaging about 73 per month.
  • December 2023 was the peak month, with 118 issuances, while June 2024 recorded the lowest at just 46.
  • Issuances fluctuated throughout the year, reflecting no clear upward trend but significant month-to-month volatility.
  • Despite peaks and dips, overall activity remained steady, with most months ranging between 60–90 approvals.

Africa secured just 1.5% of the US Skilled Worker (H-1B) Visas in 2024 — Nigeria tops the list
  • Nigeria ranked first in Africa, with 880 H-1B visas issued in FY 2024, far ahead of Ghana (499) and Egypt (364).
  • East and Southern Africa featured prominently, with Kenya (320), South Africa (208), and Zimbabwe (132) among the top 10.
  • North African representation was modest, with Morocco (78) and Egypt (364) being the only countries in the region on the list.
  • Despite these numbers, Africa’s collective total is marginal globally, especially compared to India’s ~150,000 issuances and China’s large volumes.
  • President Donald Trump’s $100,000 fee for new U.S. H-1B skilled worker visas will have limited impact on Africa, which has historically received only a small fraction of these visas.

Nigeria’s H-1B visa approvals hit a record 880 in 2024 following the decline during the COVID-19 pandemic
  • 2024 recorded the highest number of H1-B issuances to Nigerians at 880, nearly double 2022’s level.
  • Issuances dropped sharply to 231 in 2020 and 197 in 2021, marking the lowest levels in nearly two decades.
  • Between 2006 (483) and 2017 (354), there was a gradual decline in approvals before a steeper fall in 2020.
  • From 2021 to 2024, issuances surged by more than 340%, suggesting strong demand for U.S. tech and professional opportunities among Nigerians.

Manufactured goods drove imports as oil products pushed total to ₦15.29 trillion in Q2 2025
  • ₦7.88 trillion worth of manufactured goods made up 51.6% of imports, underscoring Nigeria’s dependence on foreign industrial products.
  • Other petroleum oil products accounted for ₦2.79 trillion (18.2%) of imports, showing continued reliance on external energy supplies despite Nigeria’s oil-rich status.
  • ₦1.72 trillion in raw material imports (11.3%) highlights the gap in local processing capacity.
  • Solid minerals (₦70.9 bn, 0.46%) and energy goods (₦150 mn, almost 0%) show almost no role in imports.

Nigeria’s foreign trade hit ₦38 trillion in Q2 2025, driven by strong export growth
  • Total trade in Q2 2025 was valued at ₦38.04tn.
  • Imports accounted for ₦15.29tn, led by manufactured goods and petroleum products.
  • Exports reached ₦22.75tn, boosted mainly by crude oil.
  • The trade gap favoured Nigeria with a surplus of ₦7.46tn.

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