Actual agriculture-specific expenditures in Nigeria from 2015–2021 stood at an average of NGN (Nigerian naira) 151 billion, with the lowest of the period being NGN 61 billion in 2016, and the highest being around NGN 342 billion in 2021. 

In the last 6 years (2015–2021), budgeted spending on food and agriculture stood at an average of NGN 1 trillion, while actual spending stood at NGN 518 billion, implying a budget execution rate of 58%. 

Nigeria’s agriculture expenditure progress was still below the CAADP 10% target. Between 2015 and 2021, the share of agriculture spending over total public expenditure ranged from a low of 1% in 2020 to a high of 2.2% in 2019 and 2021, with an annual average over the period of 1.6%. 

On average, between 2015–2021, 75% of actual agriculture-specific expenditures was directed towards the general-sector support to the sector (i.e. public goods such as research, extension and infrastructure), followed by 18% for payments to consumers mostly through food aid, and around 7% to producers in the form of farm input subsidies. Payments to other agri-food sector agents (i.e. input suppliers, processors & traders), represented less than 1 percent.