Key Market Indicators
Nigerian meat consumption is projected to decline to approximately 1.3 million metric tons by 2028, down from around 1.4 million metric tons in 2023. This represents a 0.7% decrease on an annual average rate. Since 2019, the country's demand for meat has been falling by an average of 1.3% per year. In contrast, Nigerian meat production is anticipated to grow. By 2028, production is expected to reach nearly 1.6 million metric tons, up from about 1.6 million metric tons in 2023. This reflects an average annual growth rate of 0.8%. Historically, since 1966, Nigeria's meat supply has seen a consistent annual increase of 0.8%.
