In the first six months of the year, the total value of trade in agricultural goods stood at $3.7bn (N1.5tn), data from the National Bureau of Statistics have shown.
Imports accounted for $3.2bn (N1.3tn) of total trade in the sector while exports stood at N292.5bn within the review period. This resulted in a trade deficit of N1.07tn in the agriculture sector.
Top imported agricultural products during the period under review included Durum wheat, mackerel, Herrings, edible mixtures, crude palm oil and malt, imported from countries such as Canada, Lithuania, Denmark, Russia, Netherlands and France…
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