Business
Agric Imports Exceed Exports By N443.35bn – NBS

Nigerian agricultural product importation has exceeded that of the export by N443.35billion, data reports from the Nigerian Bureau of Statistics (NBC) has revealed.
According to the data, the value of agricultural goods imported into the country exceeded exports by N443.35billion in the first quarter of 2022 amid rising security challenges that have continued to affect the fortunes of the sector.
The data also revealed that the value of total trade in agricultural goods in the first quarter, 2022, stood at N644.94billion of which exports were valued at N201.59billion.
It would be recalled that the banking industry, particularly the Central Bank, had decried the effect of insecurity on several interventions introduced for the agricultural sector.
Godwin Emefiele, Governor of Central Bank, had said that the Bankers’ Committee called on the Federal Government to prioritise efforts to curb the menace of insecurity to enable farming and other business activities return to normalcy.
A member of the Monetary Policy Committee, Mohammed Salisu, said “Drivers of inflation, especially food inflation, in Nigeria include disruption to farming activities and inter-state trade because of worsening security conditions, rural road infrastructural deficits, persistent supply chain disruptions, post-harvest losses, and sustained exchange rate pressures”.
The NBS data further showed that exports of agricultural goods increased by 51.89 per cent and 58.35 per cent when compared to the value recorded in the fourth quarter, 2021 (N132.71billion) and first quarter of 2021 (N127.31billion).
During the quarter, agricultural products exported to Asia were valued at N101.99billion, followed by Europe with N27.49billion.
The export of agricultural products was dominated by superior quality cocoa beans valued at N72.59billion, followed by ‘Sesamum seeds, whether or not broken’ with N56.45billion and standard quality cocoa beans with N13.21billion.
Sesamum seeds worth N24.34billion and N11.11billion were exported to China and Japan respectively, while exports of standard quality cocoa beans worth N6.70 and N2.74billion were exported to Germany and Malaysia respectively.
Total imports of agricultural goods imported in the first quarter, 2022 stood at N443.36billion or 7.51 per cent of total imports in the quarter.
By: Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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