Nigeria: Grain and Feed Annual
Nigeria’s MY2018/19 wheat consumption is projected at 5 million tons, a 5 percent increase over last year’s. The country’s domestic rice production, estimated at 3.7 million metric tons, is not keeping pace with increasing domestic demand. The growing domestic demand for animal feed coupled with increasing foreign investment in the sector are expected to boost corn imports to 550,000 tons, a nearly 40 percent increase compared to the preceding year. After Nigeria’s economic recession that ended in late 2017, business activities are rebounding while forex supply is improving and stabilizing. However, the country’s grain production is expected to be constrained mainly by lack of government financial support to farmers, inadequate basic infrastructure, rising cost of farming inputs and insecurity.
