An analysis from 2015 and 2020 shows that agriculture has contributed largely to the growth of Nigeria’s economy consistently for six years.
During these years, the agricultural sector has contributed almost a quarter to the country’s economy among other five major contributors. These other sectors include Trade, Crude Petroleum & Natural Gas, Manufacturing, Telecommunication and Real Estate.
In 2015, the agricultural sector had 23.11 percent contribution to the nation’s economy and this subsequently grew to 24.45 percent in 2016.
Following the third quarter report in 2020 by the National Bureau of Statistics, the agricultural sector is recording a growing rate of 30.77 percent, in spite of challenges posed by a pandemic.
However, other leading sectors include Trade, Manufacturing, Telecommunications, Crude Petroleum & Natural Gas and Real Estate.