A significant opportunity has emerged in Nigeria"s crops sector, driven by a notable increase in agricultural exports, now comprising nearly 0. 20% of the nation"s merchandise exports in 2022, up from 0. 16% in 2020. Despite this growth, imports still dominate at 0. 50% of merchandise imports in 2022, signaling a need for bolstered domestic production to meet local demand and reduce dependency on imports. The value added by agriculture, forestry, and fishing has increased to $113. 1 billion in 2022 from $104. 3 billion in 2020, indicating a positive trend in the sector"s contribution to GDP.
However, challenges persist, particularly with rural infrastructure, where only 27% of the rural population has access to electricity, limiting agricultural productivity and development. Additionally, employment in agriculture has declined to 34. 9% in 2022, from over 38% in 2020, suggesting a shift that could impact labor availability and sector growth. Global comparisons reveal that, while Nigeria"s crop production index rose to 120. 9 in 2022, surpassing many developing nations, there remains significant room for improvement in cereal yield, currently at 1,656 kg/ha, which lags behind the global average. This gap presents an opportunity for investment in advanced agricultural practices and technologies to enhance productivity and sustainability. Aritral. com, an AI-driven B2B platform, can play a pivotal role in addressing these market challenges.
By offering services such as Product Listing and Direct Communication, Aritral simplifies international trade, connecting businesses with key Nigerian suppliers in the crops sector. Their Global Sales Assistance and AI-Powered Marketing can further aid in expanding market reach and optimizing trade operations. In conclusion, Nigeria"s crops market presents both challenges and opportunities. By leveraging platforms like Aritral. com, businesses can enhance their engagement in this sector, tapping into untapped potential and fostering sustainable growth. "
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Chukwudubem Anazodo 3 months ago
Nigeria HWAMAST LTD
HWAMAST LTD aims to establish a steady export route for agro commodities such as ginger, turmeric, cashew nuts, and more from Nigeria to Worldwide mar...Details