The forecasted indigenous meat gross production in Nigeria is observed to grow consistently from 2024 to 2028. Starting at $5.0696 billion US Dollars PPP in 2024, the value gradually increases to $5.2411 billion US Dollars PPP by 2028. This represents a year-on-year growth of approximately 0.86% from 2024 to 2025, and a similar trend continues through to 2028. It is important to note that the figures for 2023 indicate a stabilization point before this forecasted rise.
Year-on-year variations for the last two years show a consistent incremental growth, providing a positive outlook for the industry. The compound annual growth rate (CAGR) over the five-year forecasted period averages out to around 0.84%, reflecting steady progress.
Future trends to watch for include potential impacts of climate change on meat production, shifts in domestic demand, policy changes affecting agriculture, and advancements in meat production technology. Monitoring these factors will be crucial for anticipating further developments in Nigeria's indigenous meat production industry.
