Macro-economy & structure22 datasets
Annual % change at constant 2019 basic prices, NBS, 2020–2025
Year-on-year % change at constant 2019 prices, Q1 2024–Q2 2026
Current basic prices, NGN trillion, 2019–2025
Source: NBS — Own rounding of the NBS values in NGN million. The four activities add up to NGN 101.46 trillion in 2025 (own sum).
Agriculture, forestry and fishing, current US$ billion, 2010–2025 (World Bank)
Source: World Bank WDI · IMF · NBS — Two breaks affect the series. Values to 2018 are on the old 2010 base and values from 2019 on the 2019 base4. The fall in 2023 and 2024 coincides with the depreciation of the naira after the unification of the market segments in June 2023, from an annual average of 425.98 per US dollar in 2022 to 645.19 in 2023 and 1,478.97 in 2024, while value added in naira rose910.
IMF period-average rate, NGN per US dollar, 2010–2025
% of total employment, modelled ILO estimate, 2010–2025
Source: World Bank WDI · NBS — Modelled ILO estimates. The NBS Labour Force Survey 2023, on a revised methodology that counts subsistence agriculture separately, records 25,341,219 persons, 30.1% of employed persons, working in agriculture, forestry and fishing12.
Consumption poverty headcount 2018/19 and multidimensional poverty 2021/22, % of population
Poverty headcount, % of persons, by activity and sex of the household head, NLSS 2018/19
National Agricultural Sample Census 2022, million households
% of agricultural households carrying out each activity, NASC 2022
Source: NBS — A household can carry out several activities. Crop-cultivating households operate 3.3 plots on average.
% of cultivated plots, General Household Survey-Panel Wave 5, 2023/24
Source: NBS — Irrigation is the share of all plots. The average plot measured 0.5 hectares and the average landholding 1.3 hectares.
% of land area, 2010–2024
Source: World Bank WDI — World Bank (FAO) data. Irrigated land was 0.31% of agricultural land in 2017, the latest value.
Year-on-year % change of the CPI (2024 = 100), selected months, January 2025–September 2026
Twelve-month average change of the CPI, %, 2010–2025
Source: World Bank WDI · NBS — Values to 2024 rest on the CPI with base November 2009 and the 2025 value on the rebased CPI (2024 = 100), so 2024 and 2025 are not on the same basis. Food inflation averaged 39.12% in 2024 and 22.00% in 20252425.
Headline indicators, 2019–2025
| Indicator | 2019 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| GDP at current market prices (NGN trillion, NBS, 2019 base) | 205.09 | 274.23 | 314.02 | 372.82 | 441.54 |
| GDP (US$ billion, World Bank) | 668.22 | 646.95 | 487.39 | 252.26 | 290.79 |
| Real GDP growth at basic prices (%, NBS) | – | 4.32 | 3.04 | 3.38 | 3.87 |
| Agricultural value added, current basic prices (NGN trillion, NBS) | 52.78 | 78.30 | 87.04 | 96.46 | 101.46 |
| Agricultural value added (US$ billion, World Bank) | 171.97 | 184.71 | 135.10 | 65.27 | 66.82 |
| Agriculture, share of GDP at current basic prices (%, NBS) | 25.83 | 28.87 | 28.12 | 26.46 | 23.53 |
| Agriculture, share of GDP at constant 2019 prices (%, NBS) | 25.83 | 28.77 | 28.27 | 27.81 | 27.55 |
| Real growth of agriculture (%, NBS) | – | 2.46 | 1.24 | 1.69 | 2.92 |
| Employment in agriculture, modelled ILO estimate (% of total) | 39.0 | 35.3 | 34.7 | 34.1 | 33.5 |
| Population (million, World Bank) | 209.5 | 223.2 | 227.9 | 232.7 | 237.5 |
| Rural population (% of total, World Bank) | 41.0 | 38.6 | 37.8 | 37.0 | 36.2 |
| CPI inflation, twelve-month average (%) | 11.40 | 18.85 | 24.66 | 33.24 | 23.01 |
| NGN per US$, annual average (IMF) | 306.92 | 425.98 | 645.19 | 1,478.97 | 1,518.38 |
Source: NBS · World Bank WDI · IMF — NBS values are on the 2019 base. The 2025 GDP at market prices and agricultural value added come from the Q4 2025 workbook, and the shares at current prices for 2022–2024 are own calculations from the NBS levels at current basic prices, 2022 from the 2019–2024 rebased workbook and 2023–2024 from the Q4 2025 workbook. Inflation for 2025 is on the rebased CPI (2024 = 100) and earlier years on the November 2009 base.
Agriculture by activity, 2025
| Activity | Value added, current prices (NGN trillion) | Share of nominal GDP (%) | Real growth 2025 (%) | Real growth 2024 (%) |
|---|---|---|---|---|
| Crop production | 64.41 | 14.94 | 3.75 | 2.91 |
| Livestock | 25.66 | 5.95 | 0.08 | −2.14 |
| Forestry | 6.47 | 1.50 | 3.77 | 2.53 |
| Fishing | 4.92 | 1.14 | 1.39 | −0.61 |
| Agriculture, total | 101.46 | 23.53 | 2.92 | 1.69 |
Source: NBS — NBS Q4 2025 GDP report and workbook. The total value added is an own sum of the four activities.
Agriculture in employment statistics
| Indicator | Value | Basis |
|---|---|---|
| Persons employed in agriculture, forestry and fishing at their main job, 2023 | 25,341,219 | NBS Labour Force Survey 2023 |
| Share of employed persons in agriculture, forestry and fishing, 2023 (%) | 30.1 | NBS Labour Force Survey 2023 |
| Share of men among persons employed in agriculture, 2023 (%) | 63.8 | NBS Labour Force Survey 2023 |
| Working-age population in subsistence agriculture, Q2 2024 (%) | 3.7 | NBS Labour Force Statistics Q2 2024 |
| Employment in agriculture, modelled ILO estimate, 2025 (% of total) | 33.5 | World Bank WDI |
| Employment in agriculture, women, 2025 (% of female employment) | 23.6 | World Bank WDI |
| Employment in agriculture, men, 2025 (% of male employment) | 42.7 | World Bank WDI |
Source: NBS · World Bank WDI — Since 2023 NBS counts subsistence agriculture separately from employment, so its figures are not comparable with the ILO model.
Poverty and food security indicators
| Indicator | Value | Period | Source note |
|---|---|---|---|
| Consumption poverty headcount, Nigeria (%) | 40.1 | 2018/19 | Over 82.9 million people, Borno excluded |
| Consumption poverty, rural areas (%) | 52.1 | 2018/19 | NLSS 2018/19 |
| Consumption poverty, urban areas (%) | 18.0 | 2018/19 | NLSS 2018/19 |
| Poverty line (NGN per person per year) | 137,430 | 2018/19 | NLSS 2018/19 |
| Multidimensional poverty (%) | 63 | 2021/22 | 133 million people |
| Multidimensional poverty, rural areas (%) | 72 | 2021/22 | MPI 2022 |
| Prevalence of undernourishment (%) | 22.2 | 2022–2024 average | FAO, World Bank WDI |
| Cost of a healthy diet (NGN per adult per day) | 1,589 | April 2026 | NBS |
| People in Cadre Harmonisé Phase 3 or worse (million) | 36.3 | June–August 2026 (updated projection) | Cadre Harmonisé, July 2026 |
Source: NBS · World Bank WDI · Cadre Harmonisé — The measures differ and should not be compared directly. No official consumption poverty rate after 2018/19 had been published by October 2026.
Agricultural households in the 2022 census
| Indicator | Value |
|---|---|
| Agricultural households | 40,221,060 |
| Male-headed agricultural households ('000) | 33,908.64 |
| Female-headed agricultural households ('000) | 6,312.41 |
| Households cultivating crops (%) | 90.9 |
| Households keeping livestock (%) | 48.1 |
| Households keeping poultry (%) | 42.5 |
| Households in fisheries (%) | 5.4 |
| Plots operated by crop-cultivating households (million) | 121.4 |
| Plots per crop-cultivating household | 3.3 |
Source: NBS — National Agricultural Sample Census 2022, household listing. The NASS report text gives a different split by sex of the head (86.75% male), the census workbook is used here. NBS does not define farm-size classes.
Farms and plots, GHS-Panel Wave 5 (2023/24)
| Indicator | Value |
|---|---|
| Households engaged in crop farming (%) | 71.6 |
| Households engaged in crop farming, rural areas (%) | 87 |
| Households engaged in livestock (%) | 42.8 |
| Plots held per household | 2.4 |
| Plots cultivated per household | 1.5 |
| Average plot size (ha) | 0.5 |
| Average total landholding (ha) | 1.3 |
| Average cultivated area (ha) | 0.8 |
| Male-managed plots acquired by inheritance (%) | 64.9 |
| Plots irrigated (%) | 1.7 |
| Farming households receiving extension services (%) | 23.2 |
Source: NBS — Measured averages from the LSMS-ISA panel. The executive summary gives 24.4% for extension coverage.
Production, trade & prices21 datasets
Exports and imports of HS chapters 01–24 by partner country, US$ million (UN Comtrade, as reported by Nigeria)
Source: UN Comtrade — HS chapters 01–24 (live animals to tobacco). Partner values are as reported by Nigeria for 2025, the latest full year reported. Small territories without a shape on the 1:110m world map appear only in the ranked list.
Million tonnes, 2010–2024 (FAOSTAT)
Million tonnes, 2010–2024 (FAOSTAT)
NAERLS Agricultural Performance Survey, million tonnes
Million tonnes, 2010–2024 (FAOSTAT)
Source: FAOSTAT — Cowpea values for 2022–2024 are FAO imputations and groundnut and soybean values for 2022–2024 come from an external organisation.
Thousand tonnes, 2010–2024 (FAOSTAT)
Source: FAOSTAT — Cocoa values for 2011–2013, 2017–2019 and 2021–2024 and sesame values for 2021–2024 come from an external organisation (flag X). No official national cocoa production series was found.
Area harvested (million ha) and yield (t/ha), 2010–2024 (FAOSTAT)
Million head, 2010–2024 (FAOSTAT)
Capture and aquaculture, thousand tonnes live weight, 2010–2024
HS chapters 01–24, US$ billion, 2015–2025
Source: UN Comtrade — Own sums of the chapters reported by Nigeria to UN Comtrade. Nigeria imported more agri-food products than it exported in every year 2015–2025.
Largest HS chapters, US$ million, 2025
Source: UN Comtrade — As reported by Nigeria to UN Comtrade. Chapter 18 made up 64.4% of agri-food exports (own calculation).
Largest HS chapters, US$ million, 2025
Source: UN Comtrade — As reported by Nigeria to UN Comtrade. Cereals and sugar together made up 40.3% of agri-food imports (own calculation).
HS chapters 18 (exports), 10 and 17 (imports), US$ million, 2015–2025
NBS foreign trade statistics, NGN billion, 2020–2025
Source: NBS — NBS classification of agricultural goods, which differs from HS chapters 01–24. Agricultural goods were 6.0% of total exports in 2025. The naira values reflect the depreciation of 2023–2024 as well as volumes.
National average, NGN per kg, May 2025 and May 2026
Source: NBS — NBS Selected Food Price Watch. Local rice is short-grained and imported rice long-grained.
Production of selected crops, two sources
| Crop | FAOSTAT 2024 (t) | FAOSTAT flag | NAERLS 2024 (t) | NAERLS 2025 (t) |
|---|---|---|---|---|
| Yams | 65,322,032 | E | 54,577,973 | 55,784,099 |
| Cassava | 62,624,946 | E | 64,361,225 | 65,385,978 |
| Maize | 11,164,000 | X | 11,216,837 | 11,441,215 |
| Rice | 9,129,900 | A | 9,129,908 | 9,372,329 |
| Sorghum | 6,500,000 | X | 6,416,975 | 6,501,048 |
| Groundnuts | 4,300,000 | X | 5,084,549 | 5,241,016 |
| Cowpeas | 4,287,631 | I | 4,093,945 | 4,284,264 |
| Millet | 1,550,000 | X | 1,546,293 | 1,548,409 |
| Soya beans | 1,150,000 | X | 947,952 | 951,703 |
| Sesame | 450,000 | X | 508,921 | 536,827 |
| Cocoa beans | 350,000 | X | – | – |
Nigeria in world production, 2024
| Product | Rank | Countries | Quantity | World share (%) | FAOSTAT flag |
|---|---|---|---|---|---|
| Yams | 1 | 59 | 65.3 million t | 70.7 | E |
| Cassava | 1 | 97 | 62.6 million t | 18.3 | E |
| Cowpeas, dry | 1 | 41 | 4.29 million t | 42.4 | I |
| Sorghum | 2 | 107 | 6.50 million t | 10.1 | X |
| Ginger | 2 | 43 | 768,922 t | 15.7 | I |
| Groundnuts | 3 | 108 | 4.30 million t | 7.5 | X |
| Goats | 3 | 181 | 91.0 million head | 7.7 | I |
| Sesame | 4 | 69 | 450,000 t | 6.7 | X |
| Cocoa beans | 5 | 57 | 350,000 t | 6.7 | X |
Source: FAOSTAT — Own ranking among countries reporting production above zero, excluding regional aggregates and the China total. All the Nigerian values in this table are FAO estimates, imputations or figures from an external organisation, not official national data.
Livestock, two sources
| Animal | FAOSTAT 2024 (head) | NASC 2022 household listing (head) | Households raising the animal, NASC 2022 ('000) |
|---|---|---|---|
| Goats | 90,970,883 | 124,072,340 | 16,590.18 |
| Sheep | 52,136,324 | 63,965,345 | 8,797.85 |
| Cattle | 20,943,448 | 58,494,029 | 6,435.71 |
| Chickens | 241,700,000 | 613,826,636 | 16,690.97 |
Largest agri-food trading partners (by value), 2025
| Rank | Export partner | US$ m | Import partner | US$ m |
|---|---|---|---|---|
| 1 | Netherlands | 1,066.2 | Brazil | 886.1 |
| 2 | Belgium | 449.2 | China | 513.3 |
| 3 | Germany | 340.6 | United States | 438.0 |
| 4 | Viet Nam | 339.7 | Russia | 309.2 |
| 5 | India | 234.1 | Argentina | 256.9 |
| 6 | United States | 188.1 | Canada | 200.1 |
| 7 | Malaysia | 177.7 | Netherlands | 194.9 |
| 8 | China | 124.2 | India | 185.9 |
| 9 | Indonesia | 95.5 | Indonesia | 170.8 |
| 10 | Türkiye | 77.3 | Lithuania | 160.3 |
Source: UN Comtrade — HS chapters 01–24 as reported by Nigeria. Total exports US$3,677.4 million, imports US$5,591.5 million.
Leading agricultural export products as listed by NBS
| Product | Q4 2025 (NGN bn) | Q1 2026 (NGN bn) | Q2 2026 (NGN bn) |
|---|---|---|---|
| Superior quality cocoa beans | 586.46 | 596.90 | 58.82 |
| Standard quality cocoa beans | 292.16 | – | 154.31 |
| Sesame seeds | 201.13 | 153.78 | 96.03 |
| Cashew nuts in shell | – | 119.76 | 268.62 |
| Soya beans | 47.48 | 129.27 | 50.22 |
| Agricultural exports, total | 1,323.06 | 1,172.37 | 802.99 |
Source: NBS — A dash means the product was not among the leading items listed by NBS for the quarter. NBS classifies urea exports as raw materials, not agriculture.
Retail food prices, national average (NGN per kg)
| Item | Dec 2024 | Dec 2025 | May 2025 | May 2026 | Change May 2025–May 2026 (%) |
|---|---|---|---|---|---|
| Local rice, short-grained | 1,944.40 | 1,845.08 | 2,095.29 | 1,905.43 | −9.06 |
| Imported rice, long-grained | 2,520.78 | 2,201.22 | 2,604.69 | 2,245.70 | −13.78 |
| White maize grains | 1,151.13 | 798.97 | 1,216.55 | 815.83 | −32.94 |
| Brown beans | 2,501.32 | 1,250.11 | 2,385.15 | 1,344.93 | −43.61 |
| White garri | 1,184.77 | 776.36 | 1,341.79 | 813.24 | −39.39 |
| Yam tuber | 1,905.90 | 2,054.63 | 2,375.40 | 2,347.09 | −1.19 |
| Boneless beef | 6,150.18 | 6,885.09 | 6,662.92 | 7,171.41 | +7.63 |
Source: NBS — NBS Selected Food Price Watch. May 2026 was the latest issue in the NBS catalogue in October 2026.
Value chains & food security10 datasets
Federal Ministry of Agriculture and Food Security, recurrent, capital and loan-funded lines, NGN billion
Source: Budget Office — Appropriation documents, not releases or spending. The totals (own sums) are NGN 1,474.6 billion (3.39% of aggregate expenditure), NGN 1,782.6 billion (3.69%) and NGN 3,574.7 billion (5.23%). The 2025 bill also carries NGN 1.5 trillion for the recapitalisation of the Bank of Agriculture46.
NASIP 2026–2027, NGN billion
Kilograms of nutrients per hectare of arable land, 2010–2024
Source: World Bank WDI · NBS — World Bank (FAO) data. Inorganic fertiliser was used on 30.6% of cultivated plots in 2023/2418.
Average price per bag (NGN) and cost of production per hectare (NGN thousand), 2023 and 2024
Source: NAERLS — NAERLS Agricultural Performance Survey 2024. The bag size is not stated. Prices and costs are on different scales.
Cadre Harmonisé Phase 3 to 5, million people
Source: Cadre Harmonisé — The November 2025 analysis covers 27 states and the FCT. The July 2026 update revised nine states and counts about 2 million people in Emergency (Phase 4) and more than 10,000 in Catastrophe (Phase 5) in Borno State32.
% of population, three-year averages, 2010–2024
Federal Ministry of Agriculture and Food Security in the federal budget (NGN billion)
| Line | 2024 (repeal and enactment bill 2) | 2025 (repeal and enactment bill) | 2026 (Appropriation Act) |
|---|---|---|---|
| Recurrent (non-debt) | 110.2 | 155.4 | 147.5 |
| Capital | 1,334.8 | 1,418.7 | 3,259.0 |
| Multilateral and bilateral loan-funded projects | 29.5 | 208.5 | 168.1 |
| Total (own sum) | 1,474.6 | 1,782.6 | 3,574.7 |
| Share of aggregate expenditure (%, own calculation) | 3.39 | 3.69 | 5.23 |
| Aggregate federal expenditure | 43,561.0 | 48,316.2 | 68,323.3 |
Source: Budget Office · State House — Appropriations, not releases. The 2024 and 2025 repeal and enactment Acts were assented (Budget Office statement published by the State House, 7 January 2026), and their amounts are read from the bills51. The 2025 lines are from the repeal and enactment bill. The Appropriation (Repeal and Enactment) (Amendment) Act 2026 extended the implementation of the 2025 capital component from 31 March to 30 June 2026 (State House, 17 April 2026)52. The 2026 amounts are from the 2026 Appropriation Bill as passed (column headed 2026 Budget Proposal in the final bill), which came into force on 1 April 202652. The 2026 total is about US$2.68 billion at the end-August 2026 rate of 1,332.94 (own calculation)9. The Federal Ministry of Livestock Development has separate lines (NGN 177.6 billion in 2026, own sum).
NASIP 2026–2027 planned budget by programme
| Programme | NGN billion | Share (%) |
|---|---|---|
| Short-term productivity drivers | 2,400.9 | 37 |
| Expansion of crop, livestock and fisheries production, value chains and exports | 1,223.4 | 19 |
| Finance, marketing and insurance | 712.2 | 11 |
| Institutional development, knowledge creation and transfer | 611.7 | 9 |
| Sustainable land, water and biodiversity management | 611.7 | 9 |
| Gender equality and social inclusion | 611.7 | 9 |
| Digital and climate-smart agriculture | 305.8 | 5 |
| Total | 6,477.3 | 100 |
Source: FMAFS — A plan, not appropriations. NGN 3,084.9 billion is planned for 2026 and NGN 3,392.3 billion for 2027.
Food insecurity, Cadre Harmonisé
| Analysis | People in Phase 3 or worse (million) | Coverage |
|---|---|---|
| October–December 2025, current | 27.2 | 27 states and the FCT |
| June–August 2026, projected in November 2025 | 34.7 | 27 states and the FCT |
| June–August 2026, updated in July 2026 | 36.3 | Update of nine states |
| Of which in Emergency (Phase 4), updated | about 2 | Nigeria |
| Of which in Catastrophe (Phase 5), updated | more than 0.01 | Borno State |
Input and market laws
| Law | Act number | Assent | Commencement | Gazette |
|---|---|---|---|---|
| National Agricultural Seeds Council Act | No. 21 of 2019 | 24 Jun 2019 | 24 May 2019 (as printed) | No. 142B, 16 Sep 2019 |
| National Fertilizer Quality (Control) Act | No. 23 of 2019 | 15 Oct 2019 | 15 Oct 2019 | No. 115, 18 Dec 2019 |
| Plant Variety Protection Act | No. 5 of 2021 | 21 May 2021 | 21 May 2021 | No. 84, 26 May 2021 |
| Investments and Securities Act (commodity exchanges, warehouse receipts) | No. 2 of 2025 | 25 Mar 2025 | 25 Mar 2025 | No. 19, 2 May 2025 |
| Nigeria Agricultural Quarantine Service (Establishment) Act | 2018 | not printed (template block 'November 2017', Act cited as 2018) | blank in copy | not found |
Climate & environment12 datasets
Country average, °C, ERA5, 2000–2025
Source: World Bank CCKP — The 1991–2020 average was 27.05 °C and the 1961–1990 average 26.55 °C (own calculations). 2024 and 2025 were the two warmest years of 1950–2025 in this series.
Country average, mm, ERA5, 2000–2025
Source: World Bank CCKP — The 1991–2020 average was 1,090.2 mm (own calculation). 2021, at 888.9 mm, was 18.5% below that average.
Deviation of the June–September total from its 1991–2020 mean of 741.7 mm, %, 2010–2025
Source: World Bank CCKP — Own calculations from ERA5 monthly country averages. In the flood year 2022 the June–September total was 4.4% above average, with 251.2 mm in August.
Average monthly precipitation, mm, 1991–2020, ERA5
Source: World Bank CCKP — Own calculation. August was the wettest month on the 1991–2020 average and April the warmest (30.36 °C on average).
CMIP6 ensemble median annual temperature anomaly, °C, against 1995–2014
Source: World Bank CCKP — Median precipitation anomalies are positive, from +65.0 mm (SSP2-4.5, 2040–2059) to +131.1 mm (SSP5-8.5, 2080–2099).
MtCO2e, 2023 (Climate Watch)
Source: Climate Watch — Agriculture produced 27.7% of the 306.85 MtCO2e emitted excluding land use and forestry (own calculation). The national inventory in the BTR1 and NDC 3.0 uses different methods and puts 2018 emissions at 573.5 to 614 MtCO2e63.
Farm-gate emissions, kt CO2e (AR5), 2023 (FAOSTAT)
Source: FAOSTAT — FAO Tier 1 estimates. Livestock accounted for 65,329.4 kt of the 84,878.0 kt of farm-gate emissions.
MtCO2e, Climate Watch, 2010–2023
Source: Climate Watch — Agricultural emissions rose by 36.7% between 2010 and 2023 (own calculation).
Thousand km², 2010–2025
Source: World Bank WDI — Forest covered 18.95% of the land area in 2024. FAOSTAT estimates net forest conversion emissions of 44,151.9 kt CO2e in 202364.
Key climate indicators
| Indicator | Value | Source note |
|---|---|---|
| Mean temperature 2025 (°C) | 27.77 | ERA5, country average |
| Mean temperature 1991–2020 (°C, own calculation) | 27.05 | ERA5 |
| Mean temperature 1961–1990 (°C, own calculation) | 26.55 | ERA5 |
| Annual rainfall 1991–2020 (mm, own calculation) | 1,090.2 | ERA5 |
| Annual rainfall 2021 (mm) | 888.9 | 18.5% below the 1991–2020 mean |
| Warming by 2080–2099, SSP5-8.5 (°C, median) | 3.99 | CMIP6, against 1995–2014 |
| Agricultural emissions 2023 (MtCO2e) | 84.86 | Climate Watch, 27.7% of emissions excluding land use |
| Forest area 2024 (% of land) | 18.95 | World Bank |
| Land affected by desertification (%) | 43 | World Bank ACReSAL project abstract |
| Communities at high flood risk, 2026 outlook | 14,118 | 266 LGAs in 33 states and the FCT |
Source: World Bank CCKP · Climate Watch · World Bank WDI · World Bank · FMINO — Flood risk classes are forecasts of the Nigeria Hydrological Services Agency.
The 2022 floods
| Indicator | Value | Coverage |
|---|---|---|
| Households affected (%) | 64 | Six surveyed states |
| Affected households reporting destruction of crops (%) | 67.9 | Six surveyed states |
| Affected households reporting loss of food stock (%) | 52.6 | Six surveyed states |
| Crop-farming households reporting reduced yields (%) | 94.9 | Six surveyed states |
| People affected (million) | 3.2 | 34 states and the FCT |
| Farmland destroyed (hectares) | over 569,000 | National, as quoted in the report |
| Direct damages, GRADE preliminary estimate (US$ billion) | 3.79 to 9.12 (median 6.68) | National, World Bank and Federal Government |
Source: NBS / NEMA / UNDP · NEMA — The six states are Anambra, Bayelsa, Delta, Jigawa, Kogi and Nasarawa. The GRADE figure is a preliminary satellite-based estimate, not a post-disaster needs assessment.
Nigeria's climate commitments
| Document | Target | Base | Finance |
|---|---|---|---|
| NDC update 2021 | −20% unconditional, −47% conditional by 2030 | Against 2030 business as usual | – |
| NDC 3.0, September 2025 | −29% by 2030 and −32% by 2035 (168.2 and 184.9 MtCO2e) | Net national emissions of 2018 (573.5 MtCO2e) | US$337 billion for 2026–2035 |
| Climate Change Act 2021 | Net zero between 2050 and 2070 | – | Climate Change Fund |
| Energy Transition Plan | Net zero by 2060 | – | About US$410 billion above business as usual, 2021–2060 |
Agricultural finance22 datasets
Sectoral distribution of commercial bank loans and advances, agriculture, NGN billion, December 2010–2025
Loans to agriculture converted at the IMF end-of-period rate, US$ million, December 2010–2025
Source: CBN · IMF — Own conversion of the naira stock at the IMF end-of-period NGN/USD rate (the CBN official rate). The rates used are 150.66 (2010), 158.27 (2011), 157.33 (2012), 157.26 (2013), 169.68 (2014), 197.00 (2015), 305.00 (2016), 306.00 (2017), 307.00 (2018), 307.00 (2019), 381.00 (2020), 435.00 (2021), 460.00 (2022), 899.89 (2023), 1,535.82 (2024) and 1,435.76 (2025). The falls in 2023 and 2024 coincide with the depreciation of the naira after the June 2023 unification of the market segments, while the naira stock rose by 24.4% in 2023 and 26.6% in 2024 (own calculations)10.
IMF end-of-period rate, NGN per US dollar, 2010–2025
%, January 2022–September 2026
%, 2015–2025
Prime and maximum lending rates of deposit money banks, annual average, %, 2010–2025
Gross NPLs as % of gross loans, June 2022–June 2025
Value of loans guaranteed during the year, NGN million, 2010–2024
Anchor Borrowers' Programme and Commercial Agriculture Credit Scheme, NGN billion, 2021 and 2022
Cumulative loans disbursed since inception, all sectors, NGN billion, 2018–2025
Source: DBN — All sectors through participating financial institutions. The report prints 2025 disbursements of NGN 359.2 billion and NGN 358.8 billion in different places, and the cumulative series implies NGN 356.1 billion (own calculation). DBN states that in 2025 it channelled more than NGN 35 billion to over 9,000 agribusinesses85.
% of adults aged 15+, Global Findex survey years 2011–2024
Source: World Bank — The Global Findex 2025 report presents the 2024 survey round. Including mobile money, 9.1% of adults borrowed formally in 2024.
Access strand of adults whose main income is from farming activities, %, 2023
Source: EFInA — EFInA A2F 2023, adults aged 18 and over. The shares, read from the report's chart, add up to 101% because of rounding.
% of GDP, 2010–2023
Source: World Bank WDI — World Bank data. The ratio uses the rebased GDP from 2019, which lowers it against earlier years.
Bank credit to agriculture, snapshot
| Indicator | Dec 2023 | Dec 2024 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|
| Loans to agriculture (NGN billion) | 2,255.4 | 2,854.5 | 3,608.1 | 4,156.0 |
| Total sectoral credit (NGN billion) | 44,536.1 | 59,217.0 | 57,314.4 | 62,785.1 |
| Agriculture share (%, own calculation) | 5.06 | 4.82 | 6.30 | 6.62 |
| Loans to agriculture (US$ million, own conversion) | 2,506.3 | 1,858.6 | 2,513.0 | 3,012.3 |
| NGN per US$, end of period (IMF) | 899.89 | 1,535.82 | 1,435.76 | 1,379.68 |
| Banking system NPL ratio, all sectors (%) | 4.34 | 4.87 | – | – |
Monetary policy decisions, 2024–2026
| Meeting | Monetary Policy Rate (%) | Corridor (basis points) | Cash reserve ratio, commercial banks (%) |
|---|---|---|---|
| 26–27 Feb 2024 | 22.75 | +100/−700 | 45 |
| 25–26 Mar 2024 | 24.75 | +100/−300 | 45 |
| 20–21 May 2024 | 26.25 | +100/−300 | 45 |
| 22–23 Jul 2024 | 26.75 | +500/−100 | 45 |
| 23–24 Sep 2024 | 27.25 | +500/−100 | 50 |
| 25–26 Nov 2024 | 27.50 | +500/−100 | 50 |
| 19–20 Feb 2025 | 27.50 | +500/−100 | 50 |
| 19–20 May 2025 | 27.50 | +500/−100 | 50 |
| 21–22 Jul 2025 | 27.50 | +500/−100 | 50 |
| 22–23 Sep 2025 | 27.00 | +250/−250 | 45 (75 on non-TSA public deposits) |
| 24–25 Nov 2025 | 27.00 | +50/−450 | 45 |
| 23–24 Feb 2026 | 26.50 | +50/−450 | 45 |
| 19–20 May 2026 | 26.50 | +50/−450 | 45 |
| 20–21 Jul 2026 | 26.50 | +50/−450 | 45 |
| 21–22 Sep 2026 | 23.00 | +50/−300 | 45 |
Source: CBN — Decisions as printed on the CBN decisions page, the November 2024 decision from Communiqué No. 155.
Lending rates of deposit money banks (%)
| Year | Prime lending rate | Maximum lending rate | Monetary Policy Rate, end of year |
|---|---|---|---|
| 2020 | 12.32 | 28.64 | 11.5 |
| 2021 | 11.48 | 28.06 | 11.5 |
| 2022 | 12.33 | 28.11 | 16.5 |
| 2023 | 14.01 | 27.98 | 18.75 |
| 2024 | 16.29 | 29.20 | 27.5 |
| 2025 | 18.45 | 29.73 | 27 |
Source: CBN — Annual averages of the quarterly lending rates and end-of-year policy rate, CBN Statistical Bulletin Tables A.11 and A.12.
CBN development finance interventions in agriculture
| Scheme | Figure | Date or period | Basis |
|---|---|---|---|
| Anchor Borrowers' Programme | NGN 1,067.29 billion to over 4.6 million smallholder farmers | Cumulative to October 2022 | Disbursements since inception |
| Anchor Borrowers' Programme | NGN 620.4 billion | 31 December 2022 | Gross loan balance on the CBN's books |
| Anchor Borrowers' Programme | No disbursement, repayments NGN 10.39 billion and NGN 6.92 billion | July 2024–June 2025 | Flows by half-year |
| Commercial Agriculture Credit Scheme | NGN 745.31 billion for 680 projects | Cumulative to October 2022 | Disbursements since inception |
| Commercial Agriculture Credit Scheme | NGN 160.1 billion | 31 December 2022 | Loans to banks on the CBN's books |
| Agricultural Credit Guarantee Scheme Fund | 35,227 loans, NGN 10.44 billion | 2024 | Loans guaranteed during the year |
| P-AADS | Up to NGN 2 billion per obligor | Guidelines of 2020 | Loan ceiling |
| Interest Drawback Programme claims under the ACGSF | 6,837 claims | 2024 | Claims processed (22,133 in 2022) |
| Fertiliser handed to the agriculture ministry | 2.15 million bags valued at over NGN 100 billion | 13 March 2024 | CBN statement |
Source: CBN — No official cumulative ABP figure after October 2022 and no official repayment rate were found.
Bank recapitalisation programme 2024–2026
| Licence | Minimum capital (NGN billion) |
|---|---|
| Commercial bank, international authorisation | 500 |
| Commercial bank, national | 200 |
| Commercial bank, regional | 50 |
| Merchant bank | 50 |
| Non-interest bank, national | 20 |
| Non-interest bank, regional | 10 |
Financial inclusion
| Indicator | Value | Survey and population |
|---|---|---|
| Account ownership (%) | 63.3 | Global Findex, 2024, adults 15+ |
| Account ownership, women (%) | 52.2 | Global Findex, 2024, adults 15+ |
| Mobile money account (%) | 32.8 | Global Findex, 2024, adults 15+ |
| Borrowed from a formal financial institution (%) | 6.1 | Global Findex, 2024, adults 15+ |
| Formally included (%) | 64 | EFInA A2F 2023, adults 18+ |
| Financially excluded (%) | 26 | EFInA A2F 2023, adults 18+ |
| Adults living from farming who are banked (%) | 36 | EFInA A2F 2023, adults 18+ |
| Adults living from farming who are excluded (%) | 30 | EFInA A2F 2023, adults 18+ |
| Financially included Nigerians (%) | 74.00 | CBN, end-June 2025 |
Source: World Bank · EFInA · CBN — The three sources use different definitions and populations and should not be combined.
Agricultural insurance and guarantees
| Item | Value | Source note |
|---|---|---|
| NAIC gross premium written, 2023 | NGN 1,228.8 million | Audited accounts |
| NAIC loss after tax, 2023 | NGN 1,192.2 million | Audited accounts |
| Premium subsidy under the NAIC Act | up to 50% (37.5% federal, 12.5% state) | NAIC Act s.9 |
| Cover for farmers with agricultural loans | compulsory | NAIC Act s.13 |
| Insurance industry gross premium, 2025 | NGN 2,301.8 billion | NAICOM, no separate agricultural class |
| ACGSF maximum guarantee | 75% of the loan | ACGSF Act s.6 |
| NIRSAL credit risk guarantee | up to 75% | NIRSAL website |
Source: NAIC · PLAC, LFN 2004 · NAICOM · NIRSAL — No official figure for agricultural insurance premiums across the market was found.
Sustainable finance7 datasets
Amount issued or allotted, NGN billion
Series II, amounts committed by sector, NGN million
Source: FGN / DMO — Of NGN 15,000 million, NGN 14,316 million (95.44%) had been utilised by March 2025. The agriculture project demonstrated agroforestry and conservation agriculture in ten states.
Nigeria's share of approved GCF financing, US$ million
US$ billion, 2026–2035
Source: FGN — Total needs of US$337 billion. The domestic and international shares split the same total.
Green bonds issued in Nigeria
| Instrument | Date | Amount (NGN billion) | Terms |
|---|---|---|---|
| FGN sovereign green bond Series I | Dec 2017 | 10.69 | 5-year, 13.48%, matured 22 Dec 2022 |
| NSP-SPV Powercorp green bond | 27 Feb 2019 | 8.50 | Refinancing of solar assets |
| Access Bank green bond | 18 Mar 2019 | 15.00 | 5-year, 15.50%, Climate Bonds certified |
| FGN sovereign green bond Series II | 13 Jun 2019 | 15.00 | 7-year, 14.5%, matured 13 Jun 2026 |
| FGN sovereign green bond Series III | Jun 2025 | 47.355 | 5-year, 18.95%, due June 2030, listed 13 May 2026 |
| Lagos State Series 3 green bond | Listing approved Feb 2026 | 14.82 | 5-year, 16.00% |
Source: DMO · SEC Nigeria · FMDQ · FGN / DMO — Amounts as published by the DMO, the SEC and FMDQ.
Green Climate Fund projects covering agriculture in Nigeria
| Project | Approved | GCF financing, whole project (US$ m) | Nigeria allocation (US$ m) | Accredited entity |
|---|---|---|---|---|
| FP078 Acumen Resilient Agriculture Fund | 1 Mar 2018 | 26.0 | 5.20 | Acumen |
| FP092 Integrated development and adaptation in the Niger Basin | 20 Oct 2018 | 67.8 | 12.60 | AfDB |
| FP183 Inclusive Green Financing Initiative (IGREENFIN I) | 29 Mar 2022 | 116.9 | 8.99 | IFAD |
| FP252 Acumen Resilient Agriculture Fund II | 24 Oct 2024 | 34.0 | 5.10 | Acumen |
| FP268 Resilience in Africa's Great Green Wall (SURAGGWA) | 3 Jul 2025 | 150.0 | 37.50 | FAO |
| FP293 Food Securities Fund, cocoa and coffee tranche | 28 Mar 2026 | 56.0 | 5.60 | Clarmondial |
Sustainable finance framework
| Instrument | Issuer | Date | Status |
|---|---|---|---|
| Nigerian Sustainable Banking Principles and sector guidelines | CBN and Bankers' Committee | 2012 | Reporting template 2014, recalled in the FRC roadmap of 2026 |
| Rules on green bonds | SEC | 2018 | Listed by the SEC in 2022, text not opened |
| Guidelines on Sustainable Financial Principles for the Capital Market | SEC | April 2021 | Applies to regulated entities and public companies |
| Sustainable Bond Framework of the Federal Republic | DMO | March 2025 | Basis of Series III |
| IFRS S1 and S2 roadmap (amended 2026) | FRC | 2026 | Mandatory for public interest entities from 1 January 2028 |
| National Carbon Market Framework | NCCC | October 2025 | Approved by the NCCC |
Source: IFC SBN · SEC Nigeria · DMO · FRC · FMINO — No national sustainable finance taxonomy had been published by October 2026. The CBN circulars on the Sustainable Banking Principles could not be opened and are cited through the IFC Sustainable Banking Network report.
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