Analyzing the data on wheat feed consumption in Nigeria, we observe substantial yearly variations. The value in 2023 stood at 43.0 thousand metric tons, with a year-on-year increase of 2.38%. From 2014 to 2017, fluctuations were significant, including a notable drop of 40.48% in 2017 followed by an 80% rise in 2018. The last five years displayed a modest average annual decline (CAGR) of -0.91%, whereas the upcoming forecast indicates a potential growth with a 5-year CAGR of 0.91%, projecting a total increase of 4.65% by 2028.
Future trends to watch for include advancements in agricultural practices, government policies promoting local wheat production, and potential impacts of climate change on crop yields.
