Nigeria’s Halal Market is expected to grow from $107 billion in 2022 to $180 billion by 2027.
 
This was disclosed by the Emir of Kano, Alhaji Aminu Bayero, during the presentation, of the 2023 Halal Markets report, as the report revealed that the market is expected to grow at an annual growth rate of 10.7 per cent.
 
More details at:
https://nairametrics.com/2023/04/27/nigerias-halal-market-worth-107-billion-to-grow-10-annually-emir-of-kano/
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Nigeria’s Crude Palm Oil (CPO) imports from Malaysia – the top global producer – have risen by 505 per cent in the first quarter of 2023 despite a local production push by the federal government, data from Malaysian Palm Oil Council (MPOC) shows.
 
The country’s CPO import from Malaysia increased to 63,788 metric tons (MT) in the first three months, January to March 10, 536MT in the same period in 2022, up by 53, 252 MT on a year-on-year basis, the data states.
 
More details at:
https://leadership.ng/nigerias-palm-oil-imports-from-malaysia-rises-by-505-in-q1 

Nigeria has grown its rice production from 1.5 metric tonnes per hectare to around eight metric tonnes per hectare in the space of four years.
 
According to the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele was due to the impact of the Anchor Borrowers Programme in the agricultural sector.
 
Speaking at the Business and Investment forum organised by the Nigerian embassy in The Netherlands, Emefiele noted that, with the Anchor Borrowers Programme, Nigeria had been transformed from the largest importer of rice to self-sustaining.
 
More details at:
https://leadership.ng/nigeria-grows-rice-production-to-8mt-per-hectare
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The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria exported cashew nuts worth $252 million in 2022.
 
Executive Director of the NEPC, Dr Ezra Yakusak, made the disclosure in Abuja on Thursday at the launch of the organic cashew certification programme for exports.
 
Dr Yakusak noted that Nigeria is now the 4th leading producer of Raw Cashew Nut (RCN) in Africa with about 19 producing states.
 
He said, “According to statistical data obtained from the various Pre-shipment Inspection Agents, RCN was the 5th leading non-oil exportable product in Nigeria in the 2022 Non-Oil Performance Report. In the period under review, Nigeria exported 315,677MT of RCN worth $252 million in 2022, which accounts for 5.24% of Nigeria’s non-oil export portfolio”.
 
More details at:
https://dailytrust.com/nigerias-cashew-export-hits-n116bn-in-2022-nepc
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Fertiliser statistics provider, AfricaFertiliser, has revealed that the official fertiliser imports to Nigeria increased by 65 per cent to 706,922MT in 2021 from 429,303 in the previous year.
 
It said Nigeria currently imports raw materials to enable the local NPK industry.
 
It added that there was a restructuring in the modalities of the PFI in 2020, from the allocation process to demand-driven based on capacities (finance, ability to blend) of fertiliser companies.
 
More details at:
https://punchng.com/nigerias-fertiliser-imports-rise-by-277-619mt-says-africafertiliser
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Disrupted supply from Ukraine has prompted Nigerian noodles producers to shift to Canada to buy wheat valued at $179.59 million in 2022. About 6.26 million tonnes of Ukrainian wheat were exported to Nigeria and other West African countries in the 2021 marketing year before the outbreak of war between Russia and Ukraine last year. It was learnt that Nigeria’s wheat imports from Ukraine were 259,000 tonnes, while its imports from Russia were 912,000 tonnes in 2021. Currently, seven vessels laden with 243,806 tonnes of wheat are jostling to secure berthing space at the Ecomarine terminal in Calabar Port and Josepdam terminal at Tincan island Port and Apapa Bulk Terminal Limited (ABTL), Lagos. According to shipping data by the Nigerian Ports Authority (NPA) from this week, three ships will be moored to offload 106,324 tonnes at Josepdam, while 26,000 tonnes and 111,482 tonnes of the commodity will be discharged at Ecomarine and ABTL respectively. 
 
More details at:
https://www.newtelegraphng.com/nigeria-imports-n83bn-wheat-from-canada-over-ukraine-disruption
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The nation’s poultry industry is now worth $6.5 billion even as it has been able to contribute to the local domestication of investments in the country.
 
Poultry farmers under the auspices of the Poultry Farmers Association of Nigeria (PAN) said this in a statement issued in Abuja, noting that, the sector ought to be given proper recognition by the government at all levels for its contribution to job creation.
 
Onallo-Akpa described the poultry industry in Nigeria as one of the most consolidated sub-sectors of Nigeria’s agriculture contributing about 25 per cent of the Agricultural Gross Domestic Product (AGDP), creating over 25 million direct and indirect jobs.
 
More details at:
https://leadership.ng/nigerian-poultry-industry-now-worth-n3trn

The value of Nigerian soya beans in the global market has reached $1.18 billion. A total of 2.12 million tonnes was produced between January 2021 and December 2022. Currently, the global price of the oil is $550 per tonne as of February 2023. Soybean oil has become the major ingredient in producing chicken feed across the country as poultry farmers now depend on it to feed their birds. Data by Index Mundi, a global trade portal, revealed that the country has produced 2.15 million tonnes of oil seed in the last two years.
 
The local tonnage of the beans made the country to become the largest producer of the beans in sub-Saharan Africa. Findings by New Telegraph revealed that the huge production had led to the exportation of the commodity. Nigeria recorded zero imports in 2019 through the anchor borrower scheme introduced by the Central Bank of Nigeria (CBN). This year four vessels have loaded 33,600 tonnes between February and March 2023 at the Lagos Port.
 
More details at:
https://www.newtelegraphng.com/nigerias-soya-beans-market-hits-n462-2bn-in-2-years 

Nigeria accounts for over 70% of yams produced in the world and is also a leading producer of cassava and sweet potato.
 
This was disclosed by the National Root Crops Research Institute (NRCRI) on Wednesday in Abuja.
 
Global producer: He noted that Nigeria is the leading producer of yam, cassava and sweet potato with 34, 59, and 30 metric tonnes…
 
More details at:
https://nairametrics.com/2023/03/17/nigeria-leads-the-world-in-yam-cassava-and-sweet-potato-production-says-national-root-crops-research-institute
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Mediterranean Shipping Line is making a new move to grab 350,000 tonnes of cashew nuts for export from Nigeria to Vietnam and other countries. Nigeria accounts for about 30 per cent of West Africa’s total production of quality cashew nuts. Currently, West Africa produces over 60 per cent of the world’s total production of cashews.
 
Other leading countries in producing cashew nuts are Ivory Coast, Benin, Togo, Burkina Faso, Ghana and Guinea-Bissau. The shipping company said that it would be attending the World Cashew Conference in Dubai between 23 and 25 February 2023 to explain its expertise, reliability and flexibility in handling peak season cashew exports with its transportation and logistics services.
 
He explained: “It is estimated to represent over 10 per cent of Gross Domestic Product (GDP) based on export data of 2022 and it is becoming a commercial crop in Nigeria and is cultivated in 27 states, including the FCT...
 
More details at:
https://www.newtelegraphng.com/liner-moves-to-grab-350000-tonnes-of-cashew-nut-export-in-nigeria
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