Economy of Nigeria of 5%. By 2012, expenditures stood at $31.61 billion, while revenues was $54.48 billion. Nigeria ranks sixth worldwide and first in Africa in farm output. The sector accounts for about 18% of GDP and almost one-third of employment. Nigeria has 19 million head of cattle, the largest in Africa. Though Nigeria is no longer a major exporter, due to local consumer boom, it is still a major producer of many agricultural products, including: cocoa, groundnuts (peanuts), rubber, and palm oil. Cocoa production, mostly from obsolete varieties and overage trees has increased from around 180,000 tons annually to 350,000 tons. Major
Nigeria and the World Bank pillars that were focused on were social service delivery, community empowerment, and creating a basis for non-oil growth. These all proved to be moderately unsatisfactory according to the World Bank evaluation. Although change was slow, by 2007 better results started to come from the projects in Nigeria. In 2016, Nigeria ranked as the 12th highest loan recipient from the World Bank with 6.6 billion dollars.As of 2018, the World Bank has a total of 31 projects in 772 locations in Nigeria. This all adds up to $9.21 billion worth of programs in sectors of like social protection, health, agriculture, fishing,