{"id":1968,"date":"2025-07-31T21:54:19","date_gmt":"2025-07-31T21:54:19","guid":{"rendered":"https:\/\/eandelmagazine.com\/eandelmagazine\/?p=1968"},"modified":"2025-07-31T21:54:19","modified_gmt":"2025-07-31T21:54:19","slug":"nigerias-agricultural-exports-rose-by-11-quarter-on-quarter-and-65-year-on-year-in-q1-2025","status":"publish","type":"post","link":"https:\/\/eandelmagazine.com\/eandelmagazine\/nigerias-agricultural-exports-rose-by-11-quarter-on-quarter-and-65-year-on-year-in-q1-2025\/","title":{"rendered":"Nigeria\u2019s Agricultural Exports Rose by 11% Quarter-on-Quarter and 65% Year-on-Year in Q1 2025"},"content":{"rendered":"<p>FBNQuest MB Research examines the Q1 2025 Foreign Trade Report released by the National Bureau of Statistics (NBS) today, with a particular focus on Nigeria\u2019s trade performance in agricultural commodities.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone  wp-image-1972\" src=\"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/Nigeria-agricultural-exports-300x171.png\" alt=\"\" width=\"704\" height=\"401\" srcset=\"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/Nigeria-agricultural-exports-300x171.png 300w, https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/Nigeria-agricultural-exports.png 700w\" sizes=\"(max-width: 704px) 100vw, 704px\" \/> <img decoding=\"async\" class=\"alignnone  wp-image-1970\" src=\"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/94d07357-agro-allied-300x226.png\" alt=\"\" width=\"536\" height=\"404\" srcset=\"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/94d07357-agro-allied-300x226.png 300w, https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/94d07357-agro-allied.png 564w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/><\/p>\n<p>According to the data, agricultural exports rose by 11% quarter-on-quarter (Q-o-Q) and 65% year-on-year (Y-o-Y) to N1.7 trillion in Q1 2025. Consequently, agriculture\u2019s contribution to total exports increased to 8.3%, up from 7.7% in the previous quarter.<\/p>\n<p>On the import side, the total value of agricultural goods declined by 5% Q-o-Q but grew by 13% Y-o-Y, reaching over N1 trillion. This resulted in an agricultural trade surplus of N668.3 billion, extending the positive trend that began in Q1 2024.<\/p>\n<p>The sustained surplus largely reflects the effects of naira depreciation, which has boosted naira-denominated earnings from agricultural exports.<\/p>\n<ul>\n<li>In Q1 2025, Nigeria\u2019s major agricultural exports included standard quality cocoa beans valued at \u20a6719.9 billion, superior quality cocoa beans at \u20a6507.3 billion, and cashew nuts in shell worth \u20a6157.6 billion.<\/li>\n<li>Europe was the primary destination for Nigeria\u2019s agricultural exports during the quarter, accounting for \u20a61.1 trillion, followed by Asia with \u20a6431.1 billion.<\/li>\n<li>On the import side, Nigeria sourced most of its agricultural products from Europe (\u20a6406.8 billion), followed by the Americas (\u20a6311.8 billion).<\/li>\n<li>Following the rebasing of Nigeria\u2019s GDP using 2019 as the new base year, agriculture\u2019s share of GDP increased to 27.8% in Q1 2025, up from 24.64% under the previous calculation.<\/li>\n<li>Despite this, the sector recorded weak growth of just 0.1% year-on-year in Q1 2025, a notable slowdown from the 2.5% growth posted in the preceding quarter.<\/li>\n<li>Structural challenges such as insecurity, poor infrastructure, and systemic inefficiencies continue to constrain the sector\u2019s growth and productivity.<\/li>\n<li>Going forward, tackling persistent security issues in key agricultural regions remains essential for boosting domestic food production and advancing toward food self-sufficiency.<\/li>\n<\/ul>\n<h6><\/h6>\n<h6><em>Source: National Bureau of Statistics<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>FBNQuest MB Research examines the Q1 2025 Foreign Trade Report released by the National Bureau&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,125,31],"tags":[],"class_list":["post-1968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-export","category-nigeria"],"featured_image_urls":{"full":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",650,350,false],"thumbnail":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains-150x150.jpg",150,150,true],"medium":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains-300x162.jpg",300,162,true],"medium_large":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",640,345,false],"large":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",640,345,false],"1536x1536":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",650,350,false],"2048x2048":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",650,350,false],"wpucv-grid-three":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",360,194,false],"wpucv-grid-two":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",600,323,false],"wpucv-grid-one":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",650,350,false],"wpucv-classic":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",316,170,false],"wpucv-classic-small":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",150,81,false],"wpucv-galary":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",400,215,false],"covernews-slider-full":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",650,350,false],"covernews-slider-center":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",650,350,false],"covernews-featured":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains.jpg",650,350,false],"covernews-medium":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains-540x340.jpg",540,340,true],"covernews-medium-square":["https:\/\/eandelmagazine.com\/eandelmagazine\/wp-content\/uploads\/2025\/07\/food-grains-400x250.jpg",400,250,true]},"author_info":{"info":["Saint Rich"]},"category_info":"<a href=\"https:\/\/eandelmagazine.com\/eandelmagazine\/category\/agriculture\/\" rel=\"category tag\">Agriculture<\/a> <a href=\"https:\/\/eandelmagazine.com\/eandelmagazine\/category\/export\/\" rel=\"category tag\">Export<\/a> <a href=\"https:\/\/eandelmagazine.com\/eandelmagazine\/category\/nigeria\/\" rel=\"category tag\">Nigeria<\/a>","tag_info":"Nigeria","comment_count":"0","_links":{"self":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts\/1968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/comments?post=1968"}],"version-history":[{"count":1,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts\/1968\/revisions"}],"predecessor-version":[{"id":1973,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/posts\/1968\/revisions\/1973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/media\/1971"}],"wp:attachment":[{"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/media?parent=1968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/categories?post=1968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eandelmagazine.com\/eandelmagazine\/wp-json\/wp\/v2\/tags?post=1968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}