Crop production is a primary contributor to Nigeria’s GDP, alongside trade and telecommunications. In the fourth quarter, the GDP experienced a 3.84% growth according to the National Bureau of Statistics. Chike Nwagwu from Novus Agro discussed strategies for inflation control and boosting crop production areas.
Crop production, along with trade and telecommunications, ranked as the leading sectors contributing to Nigeria’s GDP in the last quarter of this year. The National Bureau of Statistics reported a real GDP growth of 3.84%. Chike Nwagwu, Director at Novus Agro, discussed the implications of this data, strategies to mitigate inflation, and initiatives to enhance crop production in key agricultural regions.
In summary, crop production continues to play a significant role in Nigeria’s GDP, alongside trade and communication services. The recent data shows positive economic growth and highlights the necessity for strategic measures to combat inflation and improve agricultural productivity.
Original Source: www.cnbcafrica.com
