Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now

Help

简体中文

Nigeria Spends $60m on Agricultural Machinery in 2018

Nigeria Spends $60m on Agricultural Machinery in 2018

Image from Internet


It is reported that Nigeria spends $60m on agricultural machinery from January to November 2018, which is $10 million higher than the amount imported in 2017.

Nigeria's agricultural sector is dominated by smallholder farmers who work on an average of four to five acres each, under rain-fed conditions. Most of them lack knowledge of modern practices, have insufficient capital and own little or no equipment of their own. As a result, much of the farm machinery, seeds and chemicals they require are purchased and distributed to them by the government.

According to the report, there are about 10 relatively large commercial scale farms in Nigeria, deploying some form of mechanised processes, adding that these and a few construction companies can purchase tractors for agricultural and non-agricultural purposes.

The report noted that US agricultural equipment manufacturers and suppliers were beginning to actively play in the Nigerian market.

AGCO, which is increasing its investment in the African continent, preparing to open an office in Nigeria and partner with some Nigerian Universities to provide manpower/technical training and support to undergraduates in agricultural machinery handling and maintenance.

Nigeria, according to reports, invests over $11bn on food imports annually.

Nigeria with such a large population had growing food needs and large scale mechanised farming was needed to solve the hunger challenge and reduce food imports in the country.

Advertising
As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Investigation
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Data
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!
Others

Buyers Suppliers

Hot Search