From 2014 to 2023, cassava production in Nigeria experienced fluctuations, with notable peaks and troughs. The production has generally shown an upward trend, averaging around 57 to 59 million metric tons annually over the past decade. However, there were significant year-on-year variations, such as a 7.55% decline in 2017 and an 8% increase in 2018. More recently, the year-on-year variation is relatively stable at around 0.29% in 2023. Over the last five years, the compound annual growth rate (CAGR) was -0.022%, indicating a minor overall decline in production. In 2023, production stood at 59.41 million metric tons.
Looking ahead to the forecasted period from 2024 to 2028, cassava production is expected to exhibit modest growth. The CAGR for this period is projected at 0.24%, with an overall growth rate of 1.2% by 2028, showing a more consistent increase in production volume. The primary trend to watch for in the future will be the continuous but slight increase in production, coupled with potential shifts due to environmental factors, government policies, and advancements in agricultural practices.
