Press Release

The Nigeria Agriculture & Industrial Equipment Engine Market to Surge at a CAGR of Around 12.21% During 2024-30

The Nigeria Agriculture & Industrial Equipment Engine Market is anticipated to grow at a CAGR of about 12.21% during the forecast period of 2024–30, cites MarkNtel Advisors in the recent research report. The upwelling in investment within various sectors such as marine, industrial, and agricultural domains has prompted an intensified demand for engines, serving purposes such as power generation and propulsion. The Nigerian government's attention has notably pivoted towards boosting agricultural output in the country, aiming to augment food security and decrease dependency on imports. A key milestone in this route was the Nigerian government's unveiling of the National Agricultural Technology and Innovation Policy (NATIP) for 2021-2025, targeting to heighten agriculture through improved inputs, research, mechanization, funding, and sustainability.

The Nigeria Agriculture & Industrial Equipment Engine Market is anticipated to grow at a CAGR of about 12.21% during the forecast period of 2024–30, cites MarkNtel Advisors in the recent research report. The upwelling in investment within various sectors such as marine, industrial, and agricultural domains has prompted an intensified demand for engines, serving purposes such as power generation and propulsion. The Nigerian government's attention has notably pivoted towards boosting agricultural output in the country, aiming to augment food security and decrease dependency on imports. A key milestone in this route was the Nigerian government's unveiling of the National Agricultural Technology and Innovation Policy (NATIP) for 2021-2025, targeting to heighten agriculture through improved inputs, research, mechanization, funding, and sustainability.