The Nigerian food sector is witnessing a notable shift. With agricultural raw material exports constituting a mere 0. 20% of merchandise exports in 2022, down from 0. 26% in 2021, the emphasis is shifting towards domestic consumption and value addition. This decline in export percentage, juxtaposed with a consistent increase in food production indices – 119. 85 in 2022 from 117. 33 in 2021 – underscores a critical opportunity for local businesses to enhance the domestic supply chain and reduce reliance on imports, which account for 0. 50% of merchandise imports.

The rural population, which makes up over 46% of the total populace, plays a crucial role in this sector. Despite a slight decline in rural population growth to 0. 44% in 2022, rural areas remain pivotal for agricultural output and employment. Employment in agriculture, however, has decreased, with total employment at 34. 86% in 2022, down from 38% in 2020. This signals potential challenges in labor availability and skills, necessitating investment in modern agricultural practices and technology to boost efficiency. Comparatively, Nigeria"s cereal yield has seen a modest increase to 1656. 2 kg per hectare in 2022, indicating gradual improvements in crop management.

Yet, the reliance on low fertilizer consumption – only 7. 28 kg per hectare in 2022 – highlights a significant gap in maximizing agricultural output. The burgeoning food production index, coupled with the need for improved agricultural inputs, presents an untapped opportunity for stakeholders to invest in sustainable farming techniques and infrastructure. In this evolving landscape, Aritral. com offers a seamless AI-driven B2B platform for businesses looking to leverage these opportunities. With services like Product Listing, Direct Communication, and AI-Powered Marketing, Aritral simplifies international trade in commodities and raw materials. By connecting with key suppliers and enhancing profile management, businesses can effectively navigate the Nigerian food market, fostering growth and innovation. "