Nigeria’s rice importation data in 2020 has been described as the lowest in 20 years as a result of total land border control,
disincentives to neighbouring countries (which imported rice to re-export), m.guardian.ng/features/agro-…
and home-grown Anchor Borrowers’ scheme in the rice value chain.
The Foreign Affairs Service (FAS) of the United States Department of Agriculture (USDA) indicated this in its August 2020 report. Similarly, the National Bureau of Statistics’ (NBS’) Top Products by Imports and
Exports for Q1 2020 recent report showed that though Nigeria’s total export value decreased by 14.42% in Q1, 2020 compared to the value recorded in Q4, 2019,
the value of agricultural exports grew 85.36% in Q1, 2020 compared to Q4, 2019 and 46.76% compared to Q1, 2019
good fermented cocoa beans were exported mainly to The Netherlands (valued at N16.5 billion) and Germany (valued at N6.6 billion).
Superior raw cocoa beans were also exported mainly to The Netherlands at a value of N11.2 billion.
Netherlands buys our cocoa, and will sell us chocolates, beverages and other foods for 10 times the price.
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