Overview
Agriculture has remained one of the largest and resilient sectors of the Nigerian economy. Indeed, agriculture was one of the few sectors with consistent positive growth during the recession. Soybeans and sorghum (also known as guinea corn) are important agriculture produce for the Nigerian economy, providing nutrition, employment as well as foreign exchange through export. Corporates use these products for the manufacturing of various food and beverage products in addition to consumption by households in form of various staples. Nigeria is also strategically important to the global sorghum market as the country is one of the largest producers. Uncertainties regarding tariffs on produce emanating from the United States of America could also enhance the position of other major producers such as Nigeria.