From The Report: Nigeria 2023
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Agriculture remains a linchpin of Nigeria’s economy, contributing nearly 25% to GDP and employing 70% of the country’s workforce. To leverage its arable land and favourable climate, and reverse its status as a net food importer, greater investment is needed to develop Nigeria’s downstream food processing and agri-business industries. The sector faces a number of challenges across its value chain, while global factors continue to affect prices. Climate change is exacerbating these challenges, as Nigeria experienced widespread flooding in September and October 2022. A combination of new initiatives and a stronger resolve to address the challenges facing the sector could improve output and quality.

This chapter contains interviews with Ayodeji Balogun, CEO, AFEX Commodities Exchange; and Sefihait Kone, Managing Director, Bayer Nigeria.