Dear Subscriber,

With an agricultural output of approximately $120bn, Nigeria is the nation with the 5^th largest agric output in the world, just ahead of Brazil (6^th). The sector is growing at 3% (2017), higher than GDP growth (0.8%). This performance is driven primarily by import substitution, policy initiatives and favourable weather.

Agriculture’s growth is higher than the population growth and is primarily responsible for the non-oil sector’s superior performance.

The attached bulletin addresses this and other issues in the domestic and global commodities market.

Enjoy your read,