Browse Data and Analysis

In 2023, food and agricultural imports have become increasingly expensive as the government has been largely unsuccessful at stemming the naira’s decline relative to the U.S. dollar.

Nigeria wheat millers are diversifying their sources of wheat import due to the Russia-Ukraine crisis. FAS Lagos (Post) estimates wheat imports for MY 2022/23 at 6 million metric ton (MMT), a 3 percent reduction from last year’s Post estimate. Meanwhile, insurgency and floods in the northern part of the country greatly impacted corn and rice production respectively.