Key Market Indicators
**Nigerian Oilseeds Consumption and Production Projected for Steady Growth** Nigeria's oilseeds consumption is expected to climb to approximately 1.8 million metric tons by 2028, up from around 1.7 million metric tons in 2023. This represents an annual growth rate of 1.1%, continuing a trend that has seen demand rise by 1.7% each year since 2019. On the production side, Nigeria is set to boost its oilseeds output to nearly 4.8 million metric tons by 2028, up from about 4.4 million metric tons in 2023. The country's oilseeds production has been increasing at an average rate of 1.2% annually. This upward trajectory is part of a longer historical pattern, with supply growing by 1.6% per year since 1966.
