Browse Data and Analysis

FAS-Lagos forecasts a 12 percent increase in raw sugar imports in marketing year (MY) 2025/26 compared to the prior year. This is due to increased foreign exchange availability, appreciation of the naira, and the projected increase in consumption.

This report was revised to reflect all major export certificates and import permits that the government of Nigeria (GON) requires for exporting agricultural and related products from the United States to Nigeria.

Corn, wheat, rice, and sorghum consumption is expected to increase in marketing year (MY) 2025/26 due to the appreciation of the naira, slowing food price inflation, and macroeconomic stabilization.

In April 2015, Nigeria signed its biosafety bill and established the National Biosafety Management Agency (NBMA). NBMA functions to regulate the law and provide oversight for utilizing...

MY2016/17 imports of wheat, rice and corn, combined, are estimated at nearly 6.8 million tons. Post’s MY2016/17 wheat consumption estimate is noted at almost 4.2 million tons...

MY2016/17 sugar production is expected to remain relatively flat at 70,000 tons, which signals limited progress of Nigeria’s backward integration plans for sugar production.

The Central Bank of Nigeria continues to restrict access to foreign exchange in an effort to reduce rapid spending of U.S. dollars outside of Nigeria.