Nigeria Loses ₦543.75bn Annually to Beans Export Ban, Say Stakeholders

Stakeholders in Nigeria’s agricultural sector have warned that the country is losing about ₦543.75 billion annually due to the continued ban on beans exports, calling for urgent policy reforms to unlock the crop’s economic potential.

12/3/2025
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Nigeria Loses ₦543.75bn Annually to Beans Export Ban, Say Stakeholders

Abuja, Dec. 3, 2025 — Agricultural stakeholders have raised alarm over the financial losses Nigeria incurs yearly as a result of the ban on beans exports, estimating the figure at ₦543.75 billion.

Speaking at a forum in Abuja, representatives of farmers’ associations and exporters lamented that Nigeria, despite being one of the largest producers of beans globally, remains unable to access international markets due to restrictions imposed by the European Union (EU) in 2015.

The EU ban was triggered by concerns over pesticide residues in Nigerian beans, which were deemed unsafe for consumption. Although Nigeria has since made efforts to improve food safety standards, the ban remains in place, effectively shutting out local producers from lucrative export opportunities.

Stakeholders argue that the losses are not only financial but also affect employment, rural livelihoods, and Nigeria’s foreign exchange earnings. They urged the Federal Government to intensify negotiations with the EU, strengthen regulatory oversight, and invest in modern farming practices to meet international standards.

According to analysts, lifting the ban could transform beans into a major export commodity, given its high demand in Europe and other regions. They stressed that Nigeria’s agricultural diversification agenda cannot succeed without addressing such barriers.

The Ministry of Agriculture has acknowledged the challenges and said it is working with relevant agencies to ensure compliance with global food safety requirements.


Sources:

#Nigeria#beans export ban#agriculture#EU restrictions#food safety#foreign exchange#economic loss
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Alexander Ore

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