Outlook for Agriculture in 2020: Impact of Border Trade on Agribusiness in Nigeria
Boosting agricultural production has been a focus in Nigeria, a net food importer, over the past few decades to spur economic growth in a country that is very dependent on its petroleum exports for revenue. Nigeria spends an average of US $22 billion each year on food imports. Its major food imports include wheat, sugar and fish. Rice import accounts for about US$1.65 billion. Most of the country’s rice is imported from Thailand and India.