Agric Funding Hits N3.8trn as Nigeria Battles Production, Import Gaps
Fidelis David in Akure Despite a sharp rise in financing to Nigeria’s agricultural sector, the country is yet to fully translate the growing capital inflow into increased productive capacity, a
Nigeria's agricultural sector has seen a significant surge in financing, reaching N3.81 trillion, according to a recent report by Regius Capital Limited. However, the report raises concerns over the lack of corresponding growth in food production, despite the increased bank credit to the sector. While Nigeria's agricultural GDP stood at about N103.9 trillion in 2025 and the annual household food bill was estimated at N82 trillion, the report highlights that the increase in nominal value of agricultural output should not be equated to physical production growth.
The country recorded both N5.07 trillion in agricultural exports and N4.76 trillion in imports in 2025, indicating gaps in domestic production and processing capacity. The report suggests that to unlock the sector's full potential, financing must not only increase but also be better structured to match the realities, risks, and timelines of agricultural production.
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