Nigeria is a country rich in both people and material resources, and these resources are intertwined. As the country’s population grows, so does the demand to tap into its abundant natural resources.
Nigeria, for example, has an unending terrain overflowing with fertile land. Nonetheless, more than half of the country’s arable land—56% to be exact—remains uncultivated, representing a large expanse of untapped potential.
As a result, the country’s agriculture industry has underperformed for decades, contributing to high inflation.
Food inflation was already rather high in July, at 26.98%, which prompted the President to declare a state of emergency on food insecurity. Fast forward to September, and the figure has risen to an unsettling 30.64%.
The data available indisputably shows that Nigeria is falling short of generating enough food to support its population. As a result, the country has little choice but to rely on imports.
The United States is one of Nigeria’s primary import destinations. The country is the 38th most important market for agricultural exports from the United States. In 2022, the United States shipped about $631 million in agricultural produce to Nigeria.
Here are the top 10 US Agro exports to Nigeria in 2022, as compiled by Business Insider.
| Rank | Commodity | Total Value (USD) |
|---|---|---|
| 1 | Wheat | $481.67 Million |
| 2 | Ethanol (non-bev.) | $58.83 Million |
| 3 | Food preparations | $23.17 Million |
| 4 | Wine & Related Products | $19.75 Million |
| 5 | Fish and Seafood | $12.82 Million |
| 6 | Other Intermediate Products | $9.08 Million |
| 7 | Distilled spirits | $6.24 Million |
| 8 | Essential oils | $3.7 Million |
| 9 | Dairy products | $2.24 Million |
| 10 | Tobacco | $2.08 Million |
