Nigeria's milled rice production is forecasted to increase from 5.43 million metric tons in 2024 to 5.74 million metric tons in 2028. This steady upward trend represents a year-on-year percentage increase of approximately 1.47% from 2024 to 2025 and similarly gradual increments in following years. Looking back at actual data from prior to 2024, the base production in 2023 stood at 5.35 million metric tons. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to hover around 1.4%.
Future trends to watch for include the impacts of government agricultural policies, technological advancements in rice farming, and potential changes in global rice market dynamics which could affect production incentives and capacity in Nigeria.
