Millet production in Nigeria reached 2.19 million metric tons in 2023, showing a year-on-year variation of 2.24%. Over the last two years, production increased modestly from 2.09 million metric tons in 2021, representing an average annual growth rate (CAGR) of around 0.68% during this period. Analyzing the longer term, from 2014 to 2023, the variation trends indicate fluctuations with significant jumps in certain years, such as 2018's surge of 41.27%. The longer-term CAGR from 2014 to 2023 stands at approximately 0.68% annually.
Future forecasts show optimism with millet production expected to grow steadily, reaching 2.45 million metric tons by 2028. This projection translates to an average annual growth rate (CAGR) of 1.72% over the next five years, with a total forecasted growth rate of 8.91% by 2028.
Future trends to watch for:
- Technological advancements in agricultural practices enhancing yield per hectare.
- Government policies promoting millet production and exports.
- Climate change impacts on crop productivity and potential adaptation strategies.
