Public Management

Nigeria's wheat importation for Q1 2021 valued at $625 million

Wednesday, 09 June 2021 17:55
Nigeria's wheat importation for Q1 2021 valued at $625 million

(Ecofin Agency) - Trading reports from the Nigerian National Bureau of Statistics show that the country spent N258.3 billion (about $625 million) during the first quarter of this year to import wheat to meet up with the country’s food security.

Wheat, which falls among the most imported goods for the period, accounted for 3.77 percent of total imports (mainly imported from Lithuania and Latvia). According to the Standard International Trade Classification, Nigeria imported $162 million worth of Durum wheat from Lithuania, about $100 million from Latvia, and another $100 million from Canada.

In the quest to meet up with the fast-growing population, the country turns to import since it produces only about 2% of the total wheat consumed. According to IJAEMD, Nigeria is constantly caught up in a “wheat trap” where its growing population’s demand for wheat products - flour and flour-based foods- keeps increasing.

Key food staples produced from wheat flour such as semolina, bread, noodles, and pasta among others form a regular part of daily meals in most Nigerian households, thereby resulting in the increasing demand in wheat importation.

Efforts made by various stakeholders – State Governments, FMAN, WFAN, LCRI National Agricultural Seed Council, and CBN- in boosting local wheat production in recent years has been disrupted by the Boko Haram insurgency in the North-Eastern region of Nigeria which is the major wheat production area. Added to that, the novel coronavirus is another obstruction, with the recent movement restrictions imposed to control the pandemic creating significant challenges for wheat farmers.

Solange Che

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

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

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.