Key Market Indicators
Nigerian tobacco production is projected to decline significantly over the next few years. By 2028, the country's tobacco output is expected to fall to approximately 2,600 metric tons, down from around 4,100 metric tons in 2023. This represents an average annual decrease of about 7.5%. Historical data underscores this downward trend. Since 1966, Nigeria's tobacco supply has been decreasing at an average rate of 7.9% per year. These figures highlight a consistent reduction in tobacco production within the nation, raising questions about the future of the industry.
