08
Feb
2020
Members:
SWAC:
Body:
The food sector, which comprises agriculture, food processing, food marketing and food-away-from-home, is a key pillar of all ECOWAS economies. In 2020, the sector’s value is estimated at USD 259 billion or 35% of regional GDP. The economic giant Nigeria alone accounts for 72% of the sector’s value. By 2030, the ECOWAS food economy is expected to nearly double to reach USD 473 billion or 33% of regional GDP. This unprecedented expansion occurs in a context of rapid urban development. Read on