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Nigeria Agriculture sector grew by 2.12% in 2018-NBS

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According to the Nigerian Gross Domestic Product Report- GDP (Q4 and Full year 2018 released by the Nigerian Bureau of statistics- NBS Nigeria’s Agriculture sector grew by 2.12% in 2018.

The Nigerian Agriculture sector grew by 18.58% year on-year in nominal terms in Q4 2018, showing an increase of 8.45% points from the same quarter of 2017, and 0.26% points increase from Q3 2018. Crop Production remains the major driver of the sector, accounting for 89.84% of nominal agriculture GDP. On an annual basis, agriculture GDP grew by 14.27%, higher than 11.29% recorded in 2017,

The sector contributed 23.08% to nominal GDP in Q4 2018, which is higher than its contribution in Q4 2017 (21.93%)but lower than it was in Q3 2018 (25.52% ). On an annual basis, the sector contributed 21.42% to nominal GDP in 2018.

In real terms, the agricultural sector grew by 2.46% (year-on-year), a decrease by –1.78% points from the corresponding period of 2017, but an increase of 0.55% points from the preceding quarter. Annual 2018 growth was 2.12%, which is lower than the 3.45% recorded in 2017.

The agricultural sector contributed 26.15% to overall GDP in real terms during the further quarter, slightly higher than the contribution in the fourth quarter of 2017 (26.13% ), but lower than the third quarter of 2018 (29.25%).
Agriculture sector contribution to real GDP in 2018 was recorded at 25.13%, up from 25.08% in 2017.

Find below Pictorial representation of the four major agricultural sectors of the country namely crop production, livestock, forestry and fishing

Agricultural Sector

Agric GDP at 2.46% in Q4 2018 compared to 1.91% in Q3 2018 & 4.23% in Q4 2017.

The 2018 Agric GDP at 2.12% from 3.45% in 2017 & 4.11% in 2016

Crop Production


Crop Production under Agric GDP at 2.48% in Q4 2018 compared to 1.87% in Q3 2018 & 4.58% in Q4 2017.

2018 Crop production under Agric GDP at 2.26% from 3.64% in 2017 & 4.34% in 2016.

Livestock


Livestock under Agric GDP at 2.35% in Q4 2018 compared to 2.56% in Q3 2018 & 0.19% in Q4 2017.

2018 Livestock under Agric GDP at 0.33% from 1.61% in 2017 & 2.94% in 2016.

Forestry


Forestry under Agric GDP at 1.73% in Q4 2018 compared to 3.72% in Q3 2018 & 2.83% in Q4 2017.

2018 Forestry under Agric GDP at 3.06% from 3.31% in 2017 & 2.62% in 2016

Fisheries

Fishing under Agric GDP at 1.97% in Q4 2018 compared to 0.84% in Q3 2018 & 4.05% in Q4 2017.

2018 Fishing under Agric GDP at 1.64% from 1.34% in 2017 & -0.72% in 2016

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