As of December 2023, Nigeria’s total gross domestic product (GDP) was N229.9 trillion in nominal terms, though it grew by only 2.74% in real terms. This suggests that the country’s debt-to-GDP ratio is now above 50% for the first time.
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The Nigerian Youth for Agricultural Revolution Initiative (YOFAGRI), an NGO, says the agriculture sector contributes about 21 per cent to the Nigerian Gross Domestic Product (GDP).
The Minister of State for Agriculture and Food Security, Aliyu Abdullahi says the livestock sector has the potential to contribute more than 11 billion dollars annually to Nigeria’s economy if properly harnessed.
The Central Bank of Nigeria (CBN) in the last ten years spent around N2.07 trillion on interventions in the agricultural sector
Niger State, located in north-central Nigeria, boasts a rich agricultural heritage, with vast arable land and mineral resources. Agriculture, mining, and hydroelectric power generation are key pillars of its economy. Government initiatives to enhance infrastructure and attract private investments are crucial for driving Niger State’s economic growth.
Starting with agriculture, no state in Nigeria engages in agriculture more than Niger State. Take rice, for example, the most consumed staple food globally.
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The Deputy Governor of Nasarawa State, Dr. Emmanuel Agbaduhas called on stakeholders and development partners to invest massively in agriculture to transform Nigeria into a virile country for food security and value chain addition.
From yesterday continues the argument that economic prosperity depends on productivity rather than the control of resources