News Agriculture

Nigeria Records $2bn Net Cereal Deficit in 2023

Nigeria Records $2bn Net Cereal Deficit in 2023
Wednesday, 11 June 2025 19:01

• Nigeria posted Sub-Saharan Africa’s largest net cereal deficit in 2023 at $2 billion
• Wheat and rice imports remain high despite local maize self-sufficiency
• South Africa reported a net cereal surplus of $170 million due to strong corn exports

Nigeria ranked as the top cereal importer in Sub-Saharan Africa in 2023, recording a net cereal deficit of $2 billion. This figure represented about 15 percent of the region’s total cereal deficit, which reached $13 billion, according to the World Bank’s latest report titled Transport Connectivity for Food Security in Africa: Strengthening Supply Chains.

As the second-largest cereal producer south of the Sahara, Nigeria’s growing needs for both human consumption and industrial use have driven an increase in imports over the last two decades. Although the country is nearly self-sufficient in maize—its most consumed and produced cereal—it maintains a substantial trade deficit in rice and wheat.

Urbanization and weak local production capacity have contributed to rising import volumes. Wheat, which ranks fourth in Nigeria’s cereal consumption behind maize, rice, and sorghum, remains the country’s most imported grain. Each year, Nigeria imports about 5 million tons of wheat, mainly from Russia, the European Union, and Canada, to supply its milling industry.

Rice imports also remain high. Despite public initiatives to boost domestic production of paddy and milled rice, Nigeria continues to import more than 2.4 million tons of rice annually.

In contrast, South Africa recorded a net cereal surplus of $170 million in 2023. Although the country imports all its rice and more than half of its wheat, it offsets these imports with large-scale corn exports. According to Trademap data, South Africa’s corn exports generate between $800 million and $1.2 billion per year.

Beyond Nigeria and South Africa, the World Bank estimates that seven African countries recorded cereal deficits exceeding $500 million in 2023. Another 24 countries had deficits ranging from $100 million to $500 million, while 17 countries recorded deficits of up to $100 million.

On the same topic
Tanzania invested $9 million in irrigation equipment to accelerate nationwide irrigation projects. The government plans to drill 500 irrigation...
Liberia is preparing a national agricultural traceability system to comply with the EU Deforestation Regulation (EUDR) due to fully apply in late...
Senegal has inaugurated a vegetable oil refinery with a capacity of 600 tons per day. The CFA60bn project aims to cut imports and strengthen food...
Cameroon coffee export revenues tripled to 3.5 billion CFA francs Marketed output rose 10% in 2024-2025, NCCB data show Producer prices...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.