Nigeria: Grain and Feed Annual
Post's combined estimates of Nigeria's MY2017/18 production for wheat, rice, corn and sorghum is set at about 16.3 million tons, representing a slight drop from the current MY2016/17 estimate of nearly 16.5 million tons. Overall MY2017/18 imports will likely decline by nearly three percent to 6.6 million tons from 6.8 million tons in MY2016/17. MY2017/18 exports are noted at 850,000 tons, an increase of more than 21 percent over that of MY2016/17 due to growing demand in neighboring landlocked countries. Limited GON support to farmers over recent years, rising cost of farming inputs and insecurity are limiting private efforts at increasing agricultural productivity. Additionally, unfavorable foreign exchange measures and weakening purchasing power combined are causing declines of local consumption and imports of food and agricultural imports. After USDA’s year-long efforts, its Export Credit Guarantee Program (GSM-102) has increased U.S. wheat sales to Nigeria of 216,000 tons (valued at $50 million) at the date of this report.