Nigeria’s agricultural sector contributed 23.78 per cent to the country’s overall Gross Domestic Product in the second quarter of 2021, theThe figure is lower than the contribution in the second quarter of 2020 which stood at 24.65 per cent but higher than the first quarter of 2021 which recorded 22.35 per cent.The report noted that four sub-activities make up the country’s agricultural sector: crop production, livestock, forestry and fishing.
It stated that the sector grew by 6.36 per cent year-on-year in nominal terms in Q2 2021, indicating a fall of -13.54 per cent points from the same quarter in 2020. “Compared with the preceding quarter’s growth rate of 15.14 per cent this represented a decrease of -8.78 per cent points,” the report reads.
It said crop production remains the major driver of the sector, accounting for 68.60 per cent of the overall nominal growth of the sector in Q2 2021.
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