Nigeria’s agric sector grows 2.17 % in 2020 — NBS

Nigeria’s agriculture sector grew 2.17 per cent in 2020, from 2.36 per cent in 2019 and 2.12 per cent in 2018, the National Bureau of Statistics (NBS) said in a new report Thursday.
 
The report also revealed that the sector grew 3.42 per cent in real terms in the fourth quarter of 2020, when measured against the same quarter in 2019. The sector contributed 26.21 per cent to the Gross Domestic Product for the entire year.

The bureau said, “the sector grew by 14.03 year-on-year in nominal terms in Q4 2020, showing a rise of 0.23 per cent points from the same quarter of 2019.” The report showed the economy exited recession in the fourth quarter of 2020, recording its first growth in three quarters as coronavirus-linked lockdown was lifted across the country…
 
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