Nigeria's Agriculture Sector Contributes ₦19.3 Billion to GDP in 2023

  • Nigeria’s agricultural GDP reached ₦19.3 billion in 2023, showing minimal growth.
  • From 2013 to 2023, agriculture played a key role in Nigeria’s economic growth, averaging 24.43% of the total annual GDP.
  • Agriculture's share in the total GDP in 2020 (25.90%) dropped to 24.76% in 2023.
  • Post-pandemic recovery in the agricultural sector has been robust, with consistent growth from ₦18.3 billion in 2020 to ₦19.3 billion in 2023.
  • Agriculture remains a critical driver of Nigeria’s economy, ensuring food security and supporting livelihoods across the country.

Nigeria’s agricultural sector has been a cornerstone of the nation’s economic resilience, with its contribution to the GDP over the past decade. Despite the disruptions caused by the COVID-19 pandemic in 2020, the sector contributed significantly to the overall GDP growth, from ₦18.3 billion in 2020 to ₦19.3 billion in 2023.

Source:

Central Bank of Nigeria

Period:

2013-2023
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