As of 2016, Nigeria’s cotton production was 51,000MT on 253,000 hectares, its consumption and exports were 28,000MT and 25,000MT, respectively, according to International Cotton Advisory Committee (ICAC).
Does cotton production stimulate economic growth in Nigeria?
Recent initiatives to improve the contribution of the agricultural sector to economic growth in Nigeria have emphasized the importance of cotton production in stimulating the economy. Cotton production in Nigeria has been linked to the productivity of the Nigerian textile industry.
Which country produces the most cotton in Africa?
In 2010, with a total production capacity of 602,440metric tons, Nigeria was Africa’s leading cotton producer and the 12th largest in the world.18 Cotton production in Nigeria has slumped significantly since then. In 2017, it was the sixth-largest cotton-producing country in Africa and the 22nd globally.
Can Nigeria revive the cotton industry in Mali & Burkina Faso?
Nigeria needs to consider experiences in Mali and Burkina Faso as it looks to revive the nation’s cotton, textile and garment industries. Nigeria’s budgetary allocation to the agricultural sector hovers around 2% and would require a significant boost if the country wishes to achieve its growth desires for cotton production.