Nigeria's agricultural imports' share has been dropping, from 83.9% (2017) to a low of 42.9% (H1 2025)

  • Agricultural imports fell from 83.9% in 2017 to 42.9% in H1 2025, indicating a significant decline in import dependency.
  • Agricultural exports grew from 16.1% in 2017 to 54.0% in 2024, surpassing imports for the first time since 2017.
  • Total agricultural trade increased from ₦1.1 trillion in 2017 to ₦8.2 trillion in 2024.
  • Between 2022 and 2024, the import share dropped significantly from 75.7% to 46.0%.

Nigeria’s agricultural trade has seen a remarkable shift over the past eight years, with agricultural imports dropping sharply from 83.9% in 2017 to just 42.9% in the first half of 2025. This decline marks a significant turnaround, as exports now account for the larger share of agricultural trade — rising from 16.1% in 2017 to 57.1% in H1 2025.

Source:

National Bureau of Statistics

Period:

2017 - H1 2025
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Nigeria bought ₦305.66 billion worth of crude oil from Libya in Q2 2026
  • Nigeria imported ₦305.69bn from Libya in Q2 2026, up from ₦2.17bn in Q1.
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  • Libya became Nigeria’s ninth-largest import source, accounting for 2.12% of total imports in Q2.
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Crude oil and non-crude exports each accounted for roughly 50% of Nigeria's total export value in H1 2026
  • Nigeria’s crude and non-crude exports were nearly equal in H1 2026, at ₦24.1tn and ₦24tn, respectively.
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Nigeria sold almost as much non-oil to Africa as it bought, except in energy and agriculture
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  • Nigeria has 91 million goats, 17.0% of Africa’s total, nearly twice Ethiopia’s 54 million.
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Nigeria's exports to South Africa have far exceeded imports since 2002
  • Nigeria has exported more to South Africa than it has imported every year since 2002.
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  • Imports from South Africa have remained below $1 billion annually.
  • Nigeria recorded a $1.27 billion trade surplus with South Africa in 2025.
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Morocco nearly matched South Africa in Africa’s vehicle import market in 2025
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