Industry Dynamics

Apart from the Power Purchase Agreement (PPA) based on plant life cycle of 20 years, electricity distribution companies (DisCos) are mandated to procure minimum of 1000MW, representing 50 per cent of the projected renewable sourced electricity.

Although agriculture contributes a lot to Nigeria’s Gross Domestic Product, with millions of people involved in it, a lot of the farming is still artisanal with many of the farmers relying on rainwater for irrigation of their fields.

The National Bureau of Statistics (NBS) on Wednesday said that the Federal Government imported into the country in 2019 was 20.89billion litres.

Tomato is an important vegetable crop in Nigeria. It is widely grown for home consumption and for sale. Its demand is high both for domestic use and markets.

The Nigerian Senate introduced a bill on Wednesday, March 11, 2020, banning the use of generators in the country.

In Nigeria, the most populous country in Africa, fish is an important part of the household diet. Fish makes up around 40% of the country's protein intake, with fish consumption at 13.3 kg/person/per year.

Nigeria has prioritized the release and utilization of the country's vast natural gas resources to increase domestic and industrial power supplies, improve living standards and support sustainable economic growth and diversification.

Africa is one of the fastest growing markets in the world, and demand for cosmetics is growing at a frantic pace.

According to data obtained from the export website, Nigeria imported USD 60 million worth of agricultural machinery between January and November 2018, which was USD 10 million higher than the same period in 2017.