The production of primary oilseeds in Nigeria stood at 4.4435 million metric tons in 2023, showcasing steady growth over the decade. Year-on-year variations for the last two years indicate growth—1.65% in 2022 and 1.59% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years remains modest at 1.6%. Forecast data through 2028 predicts a forecast 5-year CAGR of 1.24%, projecting the production to reach around 4.8065 million metric tons.
Future trends to watch include the impact of technological advancements in agriculture, governmental policies on oilseed production, and global market demands. These factors could significantly influence the growth trajectory and overall production volumes in the coming years.
