In 2023, Nigeria's corn production stood at 12.19 million metric tons. From 2024 to 2028, forecasted data indicates a steady increase in production:
- 2024: 12.38 million metric tons, a 1.56% increase from 2023.
- 2025: 12.57 million metric tons, a 1.54% increase from 2024.
- 2026: 12.76 million metric tons, a 1.51% increase from 2025.
- 2027: 12.95 million metric tons, a 1.49% increase from 2026.
- 2028: 13.13 million metric tons, a 1.39% increase from 2027.
Over the forecast period, the Compound Annual Growth Rate (CAGR) for corn production is approximately 1.5% per year.
Future trends to watch for include technological advancements in agriculture, policy changes, and climate conditions, which could significantly influence corn production. Monitoring these factors will be crucial for making accurate future projections.
