• Home
  • Agricultural Imports

Tag: Agricultural Imports

NGF blames naira redesign, flood for agric sector's underperformance
News

US faults Nigeria’s agricultural imports duty suspension

The United States has criticized Nigeria’s implementation of a temporary suspension of import duties on certain agricultural products, aimed at curbing inflation. According to the US Department of State’s 2025 Nigeria Investment Climate Statement, the policy had limited impact due to lack of transparency in its implementation. The report highlights that Nigeria’s economy faced significant […]

Agribusiness shareholders to raise N5bn capital
Agribusiness

$10 billion spent yearly on agricultural imports – Report

The Deputy Managing Director of the African Reinsurance Corporation, Ken Aghoghovbia, has stated that the International Trade Administration estimated that Nigeria relies on about $10 billion in imports to satisfy its food and agricultural output gaps. According to The Punch, Aghoghovbia gave a speech on Wednesday at the Africa Reinsurance Corporation Agriculture Workshop in Lagos. The two-day event brought […]