In 2023, Nigeria's vegetable oil production stood at 1.90 million metric tons, marking a modest year-on-year growth of 0.8%. Over the last decade, the production has generally trended upwards, except for dips in 2020. Between 2014 and 2023, the compound annual growth rate (CAGR) was 0.72%. This trend indicates a relatively stable but slow growth in production.

Future trends to watch for include the forecasted annual growth through 2028, which is expected to maintain a CAGR of 0.64%. External factors such as agricultural policy changes, climate conditions, and technological advancements could significantly impact these forecasts. Keeping an eye on these will provide insights into whether Nigeria can enhance its vegetable oil production sustainably.