From 2014 to 2023, Nigeria's meat production has experienced fluctuating growth, peaking in specific years. In 2023, production reached 1.45 million metric tons, marking a stable trend from 2022 with a year-on-year increase of 0.28%. Over the long term, the 5-year CAGR leading up to 2023 stands at a marginal 0%, indicating overall stagnant growth during this period. Notably, significant year-on-year increases were observed in 2015 (3.1%) and 2018 (4.69%), while dips occurred in 2016 (-4.26%) and 2020 (-4.67%).
Looking ahead, the forecast for 2024 to 2028 suggests a slight upward trend with a forecasted 5-year CAGR of 0.22%, translating to a moderate increase of 1.1% over the period. By 2028, production is expected to reach 1.47 million metric tons.
Future trends to watch for include the impact of climate change on livestock, technological advancements in farming, shifts in local and international demand, and government policies influencing the agricultural sector. Sustainable practices and investment in infrastructure may also play crucial roles in shaping Nigeria's meat production landscape.
