Foreign direct investment (FDIs) into the agricultural sector surged to its highest in four years, driven by a surge in the livestock subsector.

Food sector’s FDI rose by over 1,000 percent to $24.25 million (N3.7 trillion) in the first quarter (Q1) of 2025 from $1.76 million (N268.6 billion) in the corresponding quarter of 2022, according to a BusinessDay’s analysis of the Capital Importation Data.

Experts say the growth signals the huge potential of the agric sector and the boost in investors’ confidence despite worsening insecurity.

Foreign direct investment (FDIs) into the agricultural sector surged to its highest in four years, driven by a surge in the livestock subsector.

Food sector’s FDI rose by over 1,000 percent to $24.25 million (N3.7 trillion) in the first quarter (Q1) of 2025 from $1.76 million (N268.6 billion) in the corresponding quarter of 2022, according to a BusinessDay’s analysis of the Capital Importation Data.

Experts say the growth signals the huge potential of the agric sector and the boost in investors’ confidence despite worsening insecurity.