The forecasted domestic consumption of corn in Nigeria is set to rise steadily from 12.95 million metric tons in 2024 to 13.73 million metric tons by 2028. Based on historical data, corn consumption in 2023 was 12.76 million metric tons. Year-on-year variations indicate a consistent increase in consumption, with annual growth rates showing a slight increment of around 1.54% in 2025, 1.45% in 2026, 1.50% in 2027, and 1.40% in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.54%.
Future trends to watch for include potential impacts of climate change on corn production, government policies on agriculture, and shifts in consumer dietary patterns. These factors could influence domestic consumption patterns and ultimately affect the forecasted growth in the long term.
