Nigeria's transformation into a major oil producer in the late 1960s overwhelmed its status as one of the most promising agricultural producers in the world. Between 1960 and 1969, net exports of agricultural products constituted 6 to 7 percent of Nigeria's GDP and the country was able to feed itself.
But as the country began to depend on oil to drive growth and development, Nigeria's status as an agricultural powerhouse steeply declined, and by 1975 it became a net importer of agricultural products. In 2013, Nigeria's agricultural net imports reached $3 billion, according to a World Bank estimate, with the largest imports, by value, including wheat, sugar, rice, and fish.
And, yet, Nigeria's agricultural story need not be finished. It has abundant resources to support a more substantial agricultural economy: large areas of arable land, two of Africa’s largest rivers, and a large, youthful workforce. As former President of Nigeria Obasanjo wrote in Forbes last year, agriculture could become the new oil for Nigeria, providing long-term sustainable growth in the new world of low energy prices.
In this series, Knoema presents data and visuals on Nigeria's agricultural sector, land use, and water resources as well as the crowdsourced retail food prices, collected by contributors of our MarketTap program.
Sources: World Development Indicators (WDI), November 2015; FAO Value of Agricultural production, February 2015; FAO AQUASTAT, 2015; OECD-FAO Agricultural Outlook 2015-2024; FAO Food Balance Sheets, 2015; Socio-Economic Data, Nigeria 2014; Agriculture Sector of Nigeria, 2012; Regional Geographic Data of Nigeria, 2010; Food Prices
It's a one pager PDF full of live links to agriculture-related data, statistics, and dashboards from leading industry sources. It will be a useful resource for any analyst, business executive, or researcher with an interest in the food security and prices, agricultural production and supply and much more.
Laissez Knoema vous envoyer des visualisations spécialement conçues directement dans votre boîte de réception.
Agricultural products covers the following commodity categories:Food and live animals: Live animals other than animals of division 03Meat and meat preparationsDairy products and birds' eggsFish, crustaceans, molluscs and preparations thereofCereals and cereal preparationsVegetables and fruitsSugar, sugar preparations and honeyCoffee, tea, cocoa, spices, and manufactures thereofFeedstuff for animals (excluding unmilled cereals)Miscellaneous edible products and preparations Source: United Nations Conference on Trade and Development, Merchandise trade matrix, exports and imports, annual, 1995-2014.
Due to many reasons people all over the world have different composition of their daily diet. Here we suggest you to look at how the composition of daily diet varies across different countries with the change of per capita income. People in high income countries consume more vegetable oils, sugar and sweeteners, milk and meat. With the decrease of income among countries, consumption of cereals accounts for bigger share of daily diet. People living at extreme poverty level consume much more starchy roots. Name of each country on the chart below is followed by value of gross national income (GNI) per capita in current US$ for 2009 (source:...
The Agricultural Outlook, 2015-2024, is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations. It brings together the commodity, policy and country expertise of both organisations and input from collaborating member countries to provide an annual assessment of prospects for the coming decade of national, regional and global agricultural commodity markets. Source: OECD/Food and Agriculture Organization of the United Nations (2015), OECD-FAO Agricultural Outlook 2015, OECD Publishing,...
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