The agricultural sector in Nigeria contributed less to the GDP of the country in the first quarter of 2021 than it did in the last quarter of 2020, a painful reminder of the reducing farming activities occasioned by insecurity.

According to a report by the National Bureau of Statistics, the Agricultural sector contributed 22.35% to Nigeria’s economy, representing a sharp decline of 28.61%.

“In terms of contribution, the sector accounted for 22.35 percent of overall GDP in real terms in Q1 2021, higher than the contribution in the first quarter of 2020 but lower than the fourth quarter of 2020 which stood at 21.96% and 26.95% respectively,” the NBS said.

Hits: 5