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Nigeria · Data

Statistics

Every dataset used in this profile, without commentary. Hover for values, switch to the table view or download CSV. Each dataset links to its public source.

1 map · 64 charts · 29 tables

Macro-economy & structure22 datasets

Agriculture's share of GDP on the 2019 base
Agriculture, forestry and fishing, % of GDP at basic prices, current and constant 2019 prices, 2019–2025
Source: NBS — NBS rebased series. The current-price shares for 2020–2024 are own calculations from the NBS levels at current basic prices in the 2019–2024 rebased workbook (2023–2024 identical in the Q4 2025 workbook), and the 2025 share (23.53%) is printed by NBS. The constant-price shares are printed by NBS. In 2025 nominal agricultural value added grew by 5.18% and nominal GDP at basic prices by 18.25% (own calculations from the Q4 2025 workbook).
Agriculture's share of GDP, World Bank series
Agriculture, forestry and fishing value added, % of GDP at market prices, 2010–2025
Source: World Bank WDI · NBS — The series breaks between 2018 and 2019. Values to 2018 rest on the old 2010 base and values from 2019 on the NBS 2019 base, on which agriculture's 2019 share is 25.83% against 22.12% on the old base4. The World Bank divides by GDP at market prices and NBS by GDP at basic prices.
Real growth of agriculture and of GDP
Annual % change at constant 2019 basic prices, NBS, 2020–2025
Source: NBS — NBS rebased series at basic prices. The World Bank series of GDP growth at market prices gives -6.37% for 2020 and 4.01% for 20255, while its agricultural growth rates equal the NBS figures6.
Quarterly real growth of agriculture
Year-on-year % change at constant 2019 prices, Q1 2024–Q2 2026
Source: NBS — NBS quarterly GDP reports. GDP grew by 4.43% in Q2 20267.
Agricultural value added by activity
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).
Agricultural value added in US dollars
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.
NGN/USD exchange rate, annual average
IMF period-average rate, NGN per US dollar, 2010–2025
Source: IMF · CBN — Annual averages, identical to the World Bank series PA.NUS.FCRF. Used to convert full-year flows. The CBN merged all foreign exchange market segments into the Investors and Exporters window on 14 June 202310.
Employment in agriculture
% 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.
Poverty by area
Consumption poverty headcount 2018/19 and multidimensional poverty 2021/22, % of population
Source: NBS — Two different measures. The NLSS poverty line is NGN 137,430 per person per year and excludes Borno State. No official consumption poverty rate after 2018/19 had been published by October 202615.
Poverty by the household head's activity
Poverty headcount, % of persons, by activity and sex of the household head, NLSS 2018/19
Source: NBS — Infographic on page 21 of the NBS executive summary, excluding Borno State.
Agricultural households by geopolitical zone
National Agricultural Sample Census 2022, million households
Source: NBS — Total 40,221,060 agricultural households. The North-West holds 25.76% of them.
What agricultural households do
% 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.
Use of inputs and irrigation on plots
% 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.
Agricultural, arable and forest land
% 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.
Headline and food inflation on the 2024 base
Year-on-year % change of the CPI (2024 = 100), selected months, January 2025–September 2026
Source: NBS — Values as printed in the September 2026 workbook. NBS has revised the 2025 rates since first publication, for example January 2025 was first published as 24.48%22. The weight of food fell from 51.8% to 40.0% with the rebasing.
Consumer price inflation, annual average
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
Indicator20192022202320242025
GDP at current market prices (NGN trillion, NBS, 2019 base)205.09274.23314.02372.82441.54
GDP (US$ billion, World Bank)668.22646.95487.39252.26290.79
Real GDP growth at basic prices (%, NBS)–4.323.043.383.87
Agricultural value added, current basic prices (NGN trillion, NBS)52.7878.3087.0496.46101.46
Agricultural value added (US$ billion, World Bank)171.97184.71135.1065.2766.82
Agriculture, share of GDP at current basic prices (%, NBS)25.8328.8728.1226.4623.53
Agriculture, share of GDP at constant 2019 prices (%, NBS)25.8328.7728.2727.8127.55
Real growth of agriculture (%, NBS)–2.461.241.692.92
Employment in agriculture, modelled ILO estimate (% of total)39.035.334.734.133.5
Population (million, World Bank)209.5223.2227.9232.7237.5
Rural population (% of total, World Bank)41.038.637.837.036.2
CPI inflation, twelve-month average (%)11.4018.8524.6633.2423.01
NGN per US$, annual average (IMF)306.92425.98645.191,478.971,518.38
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
ActivityValue added, current prices (NGN trillion)Share of nominal GDP (%)Real growth 2025 (%)Real growth 2024 (%)
Crop production64.4114.943.752.91
Livestock25.665.950.08−2.14
Forestry6.471.503.772.53
Fishing4.921.141.39−0.61
Agriculture, total101.4623.532.921.69
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
IndicatorValueBasis
Persons employed in agriculture, forestry and fishing at their main job, 202325,341,219NBS Labour Force Survey 2023
Share of employed persons in agriculture, forestry and fishing, 2023 (%)30.1NBS Labour Force Survey 2023
Share of men among persons employed in agriculture, 2023 (%)63.8NBS Labour Force Survey 2023
Working-age population in subsistence agriculture, Q2 2024 (%)3.7NBS Labour Force Statistics Q2 2024
Employment in agriculture, modelled ILO estimate, 2025 (% of total)33.5World Bank WDI
Employment in agriculture, women, 2025 (% of female employment)23.6World Bank WDI
Employment in agriculture, men, 2025 (% of male employment)42.7World 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
IndicatorValuePeriodSource note
Consumption poverty headcount, Nigeria (%)40.12018/19Over 82.9 million people, Borno excluded
Consumption poverty, rural areas (%)52.12018/19NLSS 2018/19
Consumption poverty, urban areas (%)18.02018/19NLSS 2018/19
Poverty line (NGN per person per year)137,4302018/19NLSS 2018/19
Multidimensional poverty (%)632021/22133 million people
Multidimensional poverty, rural areas (%)722021/22MPI 2022
Prevalence of undernourishment (%)22.22022–2024 averageFAO, World Bank WDI
Cost of a healthy diet (NGN per adult per day)1,589April 2026NBS
People in Cadre Harmonisé Phase 3 or worse (million)36.3June–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
IndicatorValue
Agricultural households40,221,060
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 household3.3
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)
IndicatorValue
Households engaged in crop farming (%)71.6
Households engaged in crop farming, rural areas (%)87
Households engaged in livestock (%)42.8
Plots held per household2.4
Plots cultivated per household1.5
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

Agri-food trade partners, 2025
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.
Cereal production
Million tonnes, 2010–2024 (FAOSTAT)
Source: FAOSTAT — FAOSTAT marks the maize, sorghum and millet values for 2022–2024 as figures from an external organisation (flag X). Rice values are official (flag A) and equal the NAERLS estimates for 2023 and 202436.
Cassava and yam production
Million tonnes, 2010–2024 (FAOSTAT)
Source: FAOSTAT · NAERLS — FAOSTAT values for 2022–2024 are imputed or estimated (flags I and E). NAERLS estimates cassava at 64.36 Mt and yams at 54.58 Mt in 202436.
Crop production estimates, 2024 and 2025 wet seasons
NAERLS Agricultural Performance Survey, million tonnes
Source: NAERLS — The 2025 values were read from slide 16 of the NAERLS presentation of 7 October 2025, whose table was extracted out of order and matched to the 2024 report, and the full 2025 report was not found37. Cassava was estimated at 65.39 Mt and yams at 55.78 Mt in 2025.
Cowpea, groundnut and soybean production
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.
Cocoa and sesame production
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.
Maize area and yield
Area harvested (million ha) and yield (t/ha), 2010–2024 (FAOSTAT)
Source: FAOSTAT · NBS — Values for 2022–2024 come from an external organisation. The household-sector NASS 2022/2023 records 12.26 million hectares of maize harvested in the major season, a different exercise that is not comparable with FAOSTAT16.
Livestock numbers
Million head, 2010–2024 (FAOSTAT)
Source: FAOSTAT · NBS — FAOSTAT values for 2022–2024 are imputed (flag I). The NASC 2022 household listing counted 58.49 million cattle, 124.07 million goats and 63.97 million sheep, a census of agricultural households that is not comparable with the FAOSTAT series17.
Fish production
Capture and aquaculture, thousand tonnes live weight, 2010–2024
Source: FAO FishStat — Own sums of species in the FAO FishStat 2026.1 release.
Agri-food exports and imports
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.
Agri-food exports by product group
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).
Agri-food imports by product group
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).
Cocoa exports and cereal and sugar imports
HS chapters 18 (exports), 10 and 17 (imports), US$ million, 2015–2025
Source: UN Comtrade — As reported by Nigeria to UN Comtrade.
Agricultural goods trade in naira
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.
Retail prices of selected foods
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
CropFAOSTAT 2024 (t)FAOSTAT flagNAERLS 2024 (t)NAERLS 2025 (t)
Yams65,322,032E54,577,97355,784,099
Cassava62,624,946E64,361,22565,385,978
Maize11,164,000X11,216,83711,441,215
Rice9,129,900A9,129,9089,372,329
Sorghum6,500,000X6,416,9756,501,048
Groundnuts4,300,000X5,084,5495,241,016
Cowpeas4,287,631I4,093,9454,284,264
Millet1,550,000X1,546,2931,548,409
Soya beans1,150,000X947,952951,703
Sesame450,000X508,921536,827
Cocoa beans350,000X––
Source: FAOSTAT · NAERLS — The FAOSTAT flags are A for an official figure, E for an estimate, I for an imputation and X for a figure from an external organisation. NAERLS values are wet-season survey estimates rounded to the tonne, with the 2025 values from the presentation of October 2025.
Nigeria in world production, 2024
ProductRankCountriesQuantityWorld share (%)FAOSTAT flag
Yams15965.3 million t70.7E
Cassava19762.6 million t18.3E
Cowpeas, dry1414.29 million t42.4I
Sorghum21076.50 million t10.1X
Ginger243768,922 t15.7I
Groundnuts31084.30 million t7.5X
Goats318191.0 million head7.7I
Sesame469450,000 t6.7X
Cocoa beans557350,000 t6.7X
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
AnimalFAOSTAT 2024 (head)NASC 2022 household listing (head)Households raising the animal, NASC 2022 ('000)
Goats90,970,883124,072,34016,590.18
Sheep52,136,32463,965,3458,797.85
Cattle20,943,44858,494,0296,435.71
Chickens241,700,000613,826,63616,690.97
Source: FAOSTAT · NBS — FAOSTAT 2024 values are imputed. NASC values are published in thousand head to three decimals and are shown here in head. The two sources differ and should not be combined.
Largest agri-food trading partners (by value), 2025
RankExport partnerUS$ mImport partnerUS$ m
1Netherlands1,066.2Brazil886.1
2Belgium449.2China513.3
3Germany340.6United States438.0
4Viet Nam339.7Russia309.2
5India234.1Argentina256.9
6United States188.1Canada200.1
7Malaysia177.7Netherlands194.9
8China124.2India185.9
9Indonesia95.5Indonesia170.8
10Türkiye77.3Lithuania160.3
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
ProductQ4 2025 (NGN bn)Q1 2026 (NGN bn)Q2 2026 (NGN bn)
Superior quality cocoa beans586.46596.9058.82
Standard quality cocoa beans292.16–154.31
Sesame seeds201.13153.7896.03
Cashew nuts in shell–119.76268.62
Soya beans47.48129.2750.22
Agricultural exports, total1,323.061,172.37802.99
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)
ItemDec 2024Dec 2025May 2025May 2026Change May 2025–May 2026 (%)
Local rice, short-grained1,944.401,845.082,095.291,905.43−9.06
Imported rice, long-grained2,520.782,201.222,604.692,245.70−13.78
White maize grains1,151.13798.971,216.55815.83−32.94
Brown beans2,501.321,250.112,385.151,344.93−43.61
White garri1,184.77776.361,341.79813.24−39.39
Yam tuber1,905.902,054.632,375.402,347.09−1.19
Boneless beef6,150.186,885.096,662.927,171.41+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 appropriations for the agriculture ministry
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.
Planned agri-food investment by programme
NASIP 2026–2027, NGN billion
Source: FMAFS — A plan costed on the MTEF 2025–2027, totalling NGN 6,477.3 billion, about US$4.86 billion at the end-August 2026 rate of 1,332.94 (own calculation)9.
Fertiliser use
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.
Fertiliser prices and production costs
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.
People in food crisis or worse
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.
Prevalence of undernourishment
% of population, three-year averages, 2010–2024
Source: World Bank WDI — FAO estimates published by the World Bank.
Federal Ministry of Agriculture and Food Security in the federal budget (NGN billion)
Line2024 (repeal and enactment bill 2)2025 (repeal and enactment bill)2026 (Appropriation Act)
Recurrent (non-debt)110.2155.4147.5
Capital1,334.81,418.73,259.0
Multilateral and bilateral loan-funded projects29.5208.5168.1
Total (own sum)1,474.61,782.63,574.7
Share of aggregate expenditure (%, own calculation)3.393.695.23
Aggregate federal expenditure43,561.048,316.268,323.3
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
ProgrammeNGN billionShare (%)
Short-term productivity drivers2,400.937
Expansion of crop, livestock and fisheries production, value chains and exports1,223.419
Finance, marketing and insurance712.211
Institutional development, knowledge creation and transfer611.79
Sustainable land, water and biodiversity management611.79
Gender equality and social inclusion611.79
Digital and climate-smart agriculture305.85
Total6,477.3100
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
AnalysisPeople in Phase 3 or worse (million)Coverage
October–December 2025, current27.227 states and the FCT
June–August 2026, projected in November 202534.727 states and the FCT
June–August 2026, updated in July 202636.3Update of nine states
Of which in Emergency (Phase 4), updatedabout 2Nigeria
Of which in Catastrophe (Phase 5), updatedmore than 0.01Borno State
Source: Cadre Harmonisé — The analysed population was 217.9 million in November 2025.
Input and market laws
LawAct numberAssentCommencementGazette
National Agricultural Seeds Council ActNo. 21 of 201924 Jun 201924 May 2019 (as printed)No. 142B, 16 Sep 2019
National Fertilizer Quality (Control) ActNo. 23 of 201915 Oct 201915 Oct 2019No. 115, 18 Dec 2019
Plant Variety Protection ActNo. 5 of 202121 May 202121 May 2021No. 84, 26 May 2021
Investments and Securities Act (commodity exchanges, warehouse receipts)No. 2 of 202525 Mar 202525 Mar 2025No. 19, 2 May 2025
Nigeria Agricultural Quarantine Service (Establishment) Act2018not printed (template block 'November 2017', Act cited as 2018)blank in copynot found
Source: NASC · FAOLEX · SEC Nigeria — Dates as printed in the gazette copies or texts opened.

Climate & environment12 datasets

Annual mean temperature
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.
Annual rainfall
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.
June–September rainfall against the 1991–2020 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.
Rainfall through the year
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).
Projected warming
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).
Greenhouse gas emissions by sector
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.
Agricultural emissions by source
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.
Emissions from agriculture
MtCO2e, Climate Watch, 2010–2023
Source: Climate Watch — Agricultural emissions rose by 36.7% between 2010 and 2023 (own calculation).
Forest area
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
IndicatorValueSource note
Mean temperature 2025 (°C)27.77ERA5, country average
Mean temperature 1991–2020 (°C, own calculation)27.05ERA5
Mean temperature 1961–1990 (°C, own calculation)26.55ERA5
Annual rainfall 1991–2020 (mm, own calculation)1,090.2ERA5
Annual rainfall 2021 (mm)888.918.5% below the 1991–2020 mean
Warming by 2080–2099, SSP5-8.5 (°C, median)3.99CMIP6, against 1995–2014
Agricultural emissions 2023 (MtCO2e)84.86Climate Watch, 27.7% of emissions excluding land use
Forest area 2024 (% of land)18.95World Bank
Land affected by desertification (%)43World Bank ACReSAL project abstract
Communities at high flood risk, 2026 outlook14,118266 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
IndicatorValueCoverage
Households affected (%)64Six surveyed states
Affected households reporting destruction of crops (%)67.9Six surveyed states
Affected households reporting loss of food stock (%)52.6Six surveyed states
Crop-farming households reporting reduced yields (%)94.9Six surveyed states
People affected (million)3.234 states and the FCT
Farmland destroyed (hectares)over 569,000National, 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
DocumentTargetBaseFinance
NDC update 2021−20% unconditional, −47% conditional by 2030Against 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 2021Net zero between 2050 and 2070–Climate Change Fund
Energy Transition PlanNet zero by 2060–About US$410 billion above business as usual, 2021–2060
Source: FGN · ETO — In NDC 3.0, 20% of the reductions are unconditional and 80% conditional on international support, and agriculture provides 0.4% of the planned reductions.

Agricultural finance22 datasets

Bank loans to agriculture
Sectoral distribution of commercial bank loans and advances, agriculture, NGN billion, December 2010–2025
Source: CBN — CBN Statistical Bulletin Table A.10, end-December stocks. Figures comply with IFRS from March 2014. The stock reached NGN 4,156.0 billion in June 202672.
Bank loans to agriculture in US dollars
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.
Agriculture's share of bank loans
% of the sectoral distribution of commercial bank loans and advances, December 2010–2025
Source: CBN — Own calculations from CBN Table A.10, whose total includes credit to government. The CBN Financial Stability Report prints 4.8 per cent for December 202473. The share was 6.62% in June 2026 (own calculation)72. Agriculture produced 23.53% of nominal GDP in 20252.
NGN/USD exchange rate, year-end
IMF end-of-period rate, NGN per US dollar, 2010–2025
Source: IMF · CBN — The naira moved from 460 per dollar at the end of 2022 to 899.89 at the end of 2023 and 1,535.82 at the end of 2024, after the unification of the market segments on 14 June 202310. It stood at 1,332.94 at the end of August 2026.
Monetary Policy Rate at each MPC decision
%, January 2022–September 2026
Source: CBN — No MPC meeting was held between July 2023 and February 2024. The November 2024 decision is taken from Communiqué No. 15575. On 21–22 September 2026 the MPC reset the rate at 23 per cent. The communiqué dates follow the CBN listing76.
Monetary Policy Rate at the end of each year
%, 2015–2025
Source: CBN — CBN Statistical Bulletin Table A.11.
Bank lending rates
Prime and maximum lending rates of deposit money banks, annual average, %, 2010–2025
Source: CBN — CBN Statistical Bulletin Table A.12, averages of the four quarters. The interest rate on CBN intervention facilities returned from 5% to 9% a year in 202277.
Non-performing loan ratio of the banking system
Gross NPLs as % of gross loans, June 2022–June 2025
Source: CBN — All sectors. The CBN does not publish an NPL ratio for agriculture. The ratio of June 2025 exceeded the regulatory benchmark of 5%78. MPC communiqués gave 4.4% for April 2023 and 4.1% for end-June 20237980.
Loans guaranteed by the Agricultural Credit Guarantee Scheme Fund
Value of loans guaranteed during the year, NGN million, 2010–2024
Source: CBN — CBN Statistical Bulletin Table C.3.6. The number of loans fell from 72,322 in 2014 to 28,903 in 2019 and was 35,227 in 2024, of which 34,491 to individuals. In January–October 2020, 6,724 of 26,830 guaranteed loans went to women82.
CBN agricultural interventions, disbursements and repayments
Anchor Borrowers' Programme and Commercial Agriculture Credit Scheme, NGN billion, 2021 and 2022
Source: CBN — Flows during the year from the CBN 2022 Annual Economic Report. The CBN recorded no ABP or CACS disbursements in July 2024–June 2025, and ABP repayments of NGN 10.39 billion and NGN 6.92 billion in the two half-years78.
Development Bank of Nigeria cumulative disbursements
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.
Accounts and borrowing
% 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.
Financial access of adults living from farming
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.
Premiums of the Nigerian Agricultural Insurance Corporation
Gross premium written, NGN million
Source: NAIC — Five-year summary of the 2023 audited accounts. NAIC made a loss after tax of NGN 1,192.2 million in 2023. The industry wrote NGN 2,301.8 billion of gross premiums in 2025, without a separate agricultural class89.
Domestic credit to the private sector
% 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
IndicatorDec 2023Dec 2024Dec 2025Jun 2026
Loans to agriculture (NGN billion)2,255.42,854.53,608.14,156.0
Total sectoral credit (NGN billion)44,536.159,217.057,314.462,785.1
Agriculture share (%, own calculation)5.064.826.306.62
Loans to agriculture (US$ million, own conversion)2,506.31,858.62,513.03,012.3
NGN per US$, end of period (IMF)899.891,535.821,435.761,379.68
Banking system NPL ratio, all sectors (%)4.344.87––
Source: CBN · IMF — CBN Table A.10, whose total includes credit to government. The NPL ratio was 5.76% at end-June 202578.
Monetary policy decisions, 2024–2026
MeetingMonetary Policy Rate (%)Corridor (basis points)Cash reserve ratio, commercial banks (%)
26–27 Feb 202422.75+100/−70045
25–26 Mar 202424.75+100/−30045
20–21 May 202426.25+100/−30045
22–23 Jul 202426.75+500/−10045
23–24 Sep 202427.25+500/−10050
25–26 Nov 202427.50+500/−10050
19–20 Feb 202527.50+500/−10050
19–20 May 202527.50+500/−10050
21–22 Jul 202527.50+500/−10050
22–23 Sep 202527.00+250/−25045 (75 on non-TSA public deposits)
24–25 Nov 202527.00+50/−45045
23–24 Feb 202626.50+50/−45045
19–20 May 202626.50+50/−45045
20–21 Jul 202626.50+50/−45045
21–22 Sep 202623.00+50/−30045
Source: CBN — Decisions as printed on the CBN decisions page, the November 2024 decision from Communiqué No. 155.
Lending rates of deposit money banks (%)
YearPrime lending rateMaximum lending rateMonetary Policy Rate, end of year
202012.3228.6411.5
202111.4828.0611.5
202212.3328.1116.5
202314.0127.9818.75
202416.2929.2027.5
202518.4529.7327
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
SchemeFigureDate or periodBasis
Anchor Borrowers' ProgrammeNGN 1,067.29 billion to over 4.6 million smallholder farmersCumulative to October 2022Disbursements since inception
Anchor Borrowers' ProgrammeNGN 620.4 billion31 December 2022Gross loan balance on the CBN's books
Anchor Borrowers' ProgrammeNo disbursement, repayments NGN 10.39 billion and NGN 6.92 billionJuly 2024–June 2025Flows by half-year
Commercial Agriculture Credit SchemeNGN 745.31 billion for 680 projectsCumulative to October 2022Disbursements since inception
Commercial Agriculture Credit SchemeNGN 160.1 billion31 December 2022Loans to banks on the CBN's books
Agricultural Credit Guarantee Scheme Fund35,227 loans, NGN 10.44 billion2024Loans guaranteed during the year
P-AADSUp to NGN 2 billion per obligorGuidelines of 2020Loan ceiling
Interest Drawback Programme claims under the ACGSF6,837 claims2024Claims processed (22,133 in 2022)
Fertiliser handed to the agriculture ministry2.15 million bags valued at over NGN 100 billion13 March 2024CBN statement
Source: CBN — No official cumulative ABP figure after October 2022 and no official repayment rate were found.
Bank recapitalisation programme 2024–2026
LicenceMinimum capital (NGN billion)
Commercial bank, international authorisation500
Commercial bank, national200
Commercial bank, regional50
Merchant bank50
Non-interest bank, national20
Non-interest bank, regional10
Source: CBN — Paid-in capital only, with compliance between 1 April 2024 and 31 March 2026. 14 banks had complied by September 2025 and 16 by November 20259899. The CBN press release of 1 April 2026 concluding the programme is titled as NGN 4.65 trillion raised by banks97.
Financial inclusion
IndicatorValueSurvey and population
Account ownership (%)63.3Global Findex, 2024, adults 15+
Account ownership, women (%)52.2Global Findex, 2024, adults 15+
Mobile money account (%)32.8Global Findex, 2024, adults 15+
Borrowed from a formal financial institution (%)6.1Global Findex, 2024, adults 15+
Formally included (%)64EFInA A2F 2023, adults 18+
Financially excluded (%)26EFInA A2F 2023, adults 18+
Adults living from farming who are banked (%)36EFInA A2F 2023, adults 18+
Adults living from farming who are excluded (%)30EFInA A2F 2023, adults 18+
Financially included Nigerians (%)74.00CBN, 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
ItemValueSource note
NAIC gross premium written, 2023NGN 1,228.8 millionAudited accounts
NAIC loss after tax, 2023NGN 1,192.2 millionAudited accounts
Premium subsidy under the NAIC Actup to 50% (37.5% federal, 12.5% state)NAIC Act s.9
Cover for farmers with agricultural loanscompulsoryNAIC Act s.13
Insurance industry gross premium, 2025NGN 2,301.8 billionNAICOM, no separate agricultural class
ACGSF maximum guarantee75% of the loanACGSF Act s.6
NIRSAL credit risk guaranteeup 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

Sovereign green bonds
Amount issued or allotted, NGN billion
Source: DMO · FGN / DMO — Series I was a 5-year bond at 13.48%, Series II a 7-year bond at 14.5% and Series III a 5-year bond at 18.95%, allotted from an offer of NGN 50 billion that drew NGN 91.42 billion of subscriptions.
Use of proceeds of the 2019 sovereign green bond
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.
Green Climate Fund allocations to Nigeria in agriculture-related projects
Nigeria's share of approved GCF financing, US$ million
Source: GCF — All are multi-country projects, and the values are the country allocations in the GCF data, totalling US$75.0 million (own calculation). These are approvals, not disbursements. The GCF country page listed 19 projects worth US$257 million for Nigeria in October 2026107.
Climate finance needs in NDC 3.0
US$ billion, 2026–2035
Source: FGN — Total needs of US$337 billion. The domestic and international shares split the same total.
Green bonds issued in Nigeria
InstrumentDateAmount (NGN billion)Terms
FGN sovereign green bond Series IDec 201710.695-year, 13.48%, matured 22 Dec 2022
NSP-SPV Powercorp green bond27 Feb 20198.50Refinancing of solar assets
Access Bank green bond18 Mar 201915.005-year, 15.50%, Climate Bonds certified
FGN sovereign green bond Series II13 Jun 201915.007-year, 14.5%, matured 13 Jun 2026
FGN sovereign green bond Series IIIJun 202547.3555-year, 18.95%, due June 2030, listed 13 May 2026
Lagos State Series 3 green bondListing approved Feb 202614.825-year, 16.00%
Source: DMO · SEC Nigeria · FMDQ · FGN / DMO — Amounts as published by the DMO, the SEC and FMDQ.
Green Climate Fund projects covering agriculture in Nigeria
ProjectApprovedGCF financing, whole project (US$ m)Nigeria allocation (US$ m)Accredited entity
FP078 Acumen Resilient Agriculture Fund1 Mar 201826.05.20Acumen
FP092 Integrated development and adaptation in the Niger Basin20 Oct 201867.812.60AfDB
FP183 Inclusive Green Financing Initiative (IGREENFIN I)29 Mar 2022116.98.99IFAD
FP252 Acumen Resilient Agriculture Fund II24 Oct 202434.05.10Acumen
FP268 Resilience in Africa's Great Green Wall (SURAGGWA)3 Jul 2025150.037.50FAO
FP293 Food Securities Fund, cocoa and coffee tranche28 Mar 202656.05.60Clarmondial
Source: GCF — All are multi-country projects. Approved amounts, not disbursements. The single-country FP104 solar programme (US$100 million) lapsed106.
Sustainable finance framework
InstrumentIssuerDateStatus
Nigerian Sustainable Banking Principles and sector guidelinesCBN and Bankers' Committee2012Reporting template 2014, recalled in the FRC roadmap of 2026
Rules on green bondsSEC2018Listed by the SEC in 2022, text not opened
Guidelines on Sustainable Financial Principles for the Capital MarketSECApril 2021Applies to regulated entities and public companies
Sustainable Bond Framework of the Federal RepublicDMOMarch 2025Basis of Series III
IFRS S1 and S2 roadmap (amended 2026)FRC2026Mandatory for public interest entities from 1 January 2028
National Carbon Market FrameworkNCCCOctober 2025Approved 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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AI-assisted content, human-reviewed: This page was generated with the assistance of artificial intelligence and reviewed by a human editor. (last review: October 2026) Despite review, errors or outdated values may remain; please verify critical figures against the linked primary sources before relying on them. Nothing here is investment, legal or financial advice.

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