The projected corn feed and residual in Nigeria for 2024 is forecasted at 2.68 million metric tons, continuing a trend observed over the past actual data years. In 2023, the value stood at 2.60 million metric tons. The year-on-year variation from 2023 to 2024 is approximately 3.08%, from 2024 to 2025 is 2.61%, from 2025 to 2026 is 2.91%, from 2026 to 2027 is 2.48%, and from 2027 to 2028 is 2.41%. The Compound Annual Growth Rate (CAGR) over the last five years is estimated at around 2.70%. These trends indicate steady and moderate growth in corn feed and residual consumption in Nigeria.
Future trends to watch for include potential impacts of climate change on corn yield, government policy changes regarding agricultural support, advances in agricultural technology, and socio-economic factors influencing both demand and supply of corn feed.
