Accurate rainfall information is fundamental for agricultural planning, climate risk management, and food security in rainfed systems, particularly in regions with sparse ground-based observations. Limited meteorological stations in southeastern Nigeria hamper access to reliable, spatially representative rainfall observations, necessitating the use of satellite and reanalysis precipitation products. However, the performance of these datasets varies across climatic and agro-ecological settings, requiring local-scale validation prior to application. In this study, we assess the accuracy and agricultural relevance of eleven widely used rainfall products over Southeastern Nigeria using long-term gauge observations from the Nigerian Meteorological Agency (NiMet) as reference data. We apply a comprehensive evaluation framework that combines statistical performance metrics, Taylor diagrams, analyses of seasonal and interannual rainfall variability, Standardized Precipitation Index (SPI)-based drought assessment, and trend detection using the Mann-Kendall test and Sen's slope estimator. Five satellite-based rainfall estimates-Global Precipitation Measurement Integrated Multi-satellite Retrievals for GPM [GPM-IMERG], Climate Hazards Group InfraRed Precipitation with Station Data [CHIRPS], Climate Prediction Centre Morphing Technique [CMORPH], Tropical Rainfall Measuring Mission Multi-satellite Precipitation Analysis [TRMM/TMPA], and Centre for Hydrometeorology and Remote Sensing product [CHRS]-four reanalysis products-ECMWF Reanalysis v5 [ERA5], ERA5-Land, Agrometeorological indicators from ERA5 [AgERA5], and Modern-Era Retrospective Analysis for Research and Applications v2 [MERRA-2]-and two gridded gauge datasets-Global Precipitation Climatology Centre [GPCC] and Climatic Research Unit Time Series [CRU]-were assessed over six meteorological stations in southeastern Nigeria from 2000 to 2025. The results reveal that ERA5-Land, CHIRPS, GPCC, ERA5, GPM-IMERG, and TRMM align closely with NiMet observations, effectively capturing rainfall intensity, variability, and seasonal patterns with strong correlations (r > 0.8) and minimal bias. These high-performing datasets also accurately represent drought and wet-year indicators, highlighting their suitability for agricultural risk assessment and climate-informed decision-making. Conversely, AgERA5 and MERRA-2 exhibit systematic biases, inflated variability, and weaker correlations, limiting their reliability for agricultural and climate applications in the region. Trend analyses reveal weak and largely insignificant long-term rainfall trends, suggesting that agricultural vulnerability in southeastern Nigeria is driven more by interannual variability and intra-seasonal extremes than by monotonic rainfall changes. Interestingly, this study provides a clear, evidence-based ranking of rainfall products relevant to Southeastern Nigeria and highlights the datasets best suited for climate-smart agriculture, drought monitoring, and hydroclimatic evaluation in data-scarce environments.