This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 6/20/2016


Unit:  USD thousands






Total Market Size





Total Local Production





Total Exports





Total Imports





Imports from the U.S.





Exchange Rate:   1 USD





Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
Data Sources: 
Total Local Production:   All Farmers Association of Nigeria (AFAN), Poultry Association of Nigeria
Total Exports:   All Farmers Association of Nigeria (AFAN), Poultry Association of Nigeria
Total Imports:   All Farmers Association of Nigeria (AFAN), Poultry Association of Nigeria
Imports from U.S.:   U.S. Census Bureau.
Nigeria’s agricultural sector is dominated by smallholder farmers who work an average of 4–5 acres each, with rain-fed conditions.  Nationwide, there are over 30 million hectares of land under cultivation season to season, falling substantially short of the estimated 78.5 million hectares of land that is required for farming to feed Nigeria’s growing population.  These farmers lack knowledge of modern practices, capital and own little or no equipment of their own.  As a result, much of the farm machinery, seeds and chemicals they require are purchased by the government and distributed to them under various agricultural assistance/subsidy programs including the e-Wallet system introduced in 2014.  Under this arrangement, farmers get alerts on their mobile phones about allocation of seeds and fertilisers.  They then pay government-subsidized rates of up to 50% for these inputs at agro dealerships located in their villages.  This initiative has proven to be both effective and efficient in providing poor farmers with much needed resources and eliminating corruption in the subsidy program.  There are about ten relatively large commercial scale farms in Nigeria with operations utilizing basic mechanized processes. These and a few construction companies are able to purchase tractors for agricultural and non-agricultural purposes.
The Nigerian economy has taken a serious hit from declining oil revenues, motivating the government to seek ways to increase even more the diversification of the economy.  President Buhari has set to pursue agricultural development as one of the key goals of his administration to help address the country’s dependence on food imports totaling nearly 3-4 billion dollars annually. He has commenced a campaign to redirect focus from oil to agriculture, manufacturing and solid minerals development. Though he has not unveiled any new policies or programs yet, he has pledged to sustain those of his predecessor, President Goodluck Jonathan, including the Growth Enhancement Support (GES) scheme and the E-Wallet system.  The President recently constituted an economic management team to advise him.  A key recommendation they have put forward is to enhance and support local farmers’ capacity to grow major staple foods like rice, wheat and cashew nuts.  It is expected that the pursuit of this agenda will trigger investments in the value chain.  U.S. companies in the agricultural equipment sector should therefore, continue to look at the Nigerian market for long term market opportunities.  As Nigeria’s agro-processing sector is relatively undeveloped, multinational firms have taken advantage of building agricultural products processing businesses while importing raw agriculture inputs.  Challenges exist in setting up agribusinesses involving cultivation due to landownership issues, lack of infrastructure including water irrigation and roads, and security and corruption issues. 
The livestock production segment of the Nigerian agricultural sector has continued to record increased growth with new entrants and private sector investments, especially in the poultry and fisheries.  These segments have high market demand, and enjoy faster turnaround time, and as such appear to be growing at a faster pace than crop production.

Subsector Best Prospects

New and used agricultural tractors (55-75HP); agricultural chemicals (fertilizers, herbicides and pesticides), irrigation systems; food (grain and fruit) processing and storage systems.
Used poultry housing equipment, poultry feeding, watering and cleaning systems; incubators; feed milling machinery; poultry drugs; fish farming equipment, fish feeds; fish medicines.


Opportunities exist for new and used equipment required in the poultry industry, which has been experienced consistent growth in the past 10 years and is expected to continue to grow in coming years due to rising food demand.
Post-harvest losses, which the Nigerian Government currently estimates to be about 60 percent, are a major setback to food availability.  Therefore, farms, processing companies and food vendors will seek preservation technologies.  Note, however, that machines used in Nigeria are generally very basic.  High-tech systems are not well received due to the country’s low level of agricultural advancement and ongoing power supply problems.

Web Resources
Nigerian Agricultural Statistics

Local Trade Shows

AgrikExpo West Africa
September 26-28, 2016
International Conference Center
Abuja, Nigeria
April 13-15, 2016
Eko Hotel and Suites
Lagos, Nigeria

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More Information

Nigeria Agribusiness Trade Development and Promotion