The cereals production in Nigeria has witnessed notable fluctuations over the past decade, reaching 29.879 million metric tons in 2023. From 2013 to 2016, there was a significant upward trend culminating in an 11.44% increase in 2016. However, subsequent years showed variable trends including a slight drop of -5.39% in 2017 and modest growth in the years that followed, notably a 6.68% increase in 2021 and a 1.3% increase in 2022. The average Compound Annual Growth Rate (CAGR) over the last 5 years stands at 0.97%. Forecasts indicate a continuing upward trajectory, with a projected growth rate of 0.99% annually, reaching 31.816 million metric tons by 2028.
Future trends to watch for include the potential impact of climate change on crop yields, advancements in agricultural technology, and government policies aimed at supporting the agriculture sector. Monitoring these factors will be crucial in understanding and adapting to the emerging trends in cereals production in Nigeria.
