Nigeria’s agricultural sector grew by 1.3% in real terms in the second quarter of 2021, a decrease compared to 1.58% recorded in the same period of 2020, and a decrease of -0.97% points from the Q1 2021 which recorded a growth rate of 2.28%.
As of the time of filling this report,, the sector has grown by 1.77% in 2021 compared to 1.88% for the first half of 2020.
According to a report, released by the National Bureau of Statistics (NBS) on Sunday. Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the Q2 of 2021.
NBS added that Crop Production grew by 1.38% in Q2 2021 from 2.31% in Q1 2020 and 1.44% in Q2 2020.
Below is breakdown of performance of sub-sectors in agriculture;
Livestock under agriculture sector grew by 0.13% in Q2 2021 from 1.65% in Q1 2020 and 2.26% in Q2 2020.
Forestry under agriculture sector grew by 1.06% in Q2 2021 from 1.28% in Q1 2020 and 1.08% in Q2 2020.
Fishing recorded a growth of 2.27% in Q2 2021 from 3.24% in Q1 2020 and 5.68% in Q2 2020.
The sector accounted for 23.78% of overall GDP in Q2 of 2021, lower than the contribution in the second quarter of 2020 which stood at 24.65% but higher than the first quarter of 2021 which recorded 22.35% and also contributed 22.13% to nominal GDP in the second quarter of 2021.
