Milk production in Nigeria experienced fluctuations from 2013 to 2023, with a noticeable dip in production in 2015 and 2016. After gradually recovering, production reached 532.7 thousand metric tons in 2023. Year-on-year variations highlight periods of both decline and growth, with a notable improvement in 2021 (+5.79%). The last five years show an average annual growth rate (CAGR) of approximately 0.63%. Forecasted data from 2024 to 2028 suggest a steady increase in production, with an anticipated CAGR of 0.39% over five years, reflecting a gradual upward trend.
Future trends to watch for:
- Improved dairy farming techniques and technology adoption.
- Government policies and incentives aimed at boosting milk production.
- Potential impacts of climate change on agricultural productivity.
- Market demand fluctuations due to consumer behavior changes.
