In Nigeria, maize is the most widely grown and consumed cereal. The authorities are working to ensure a steady supply for the local market, amid growing pressures on availability.
On December 6, the Nigerian Senate passed a bill aimed at curbing the export of raw maize. Reuters reported that under the new bill, any shipment of unprocessed maize weighing a ton or more would be illegal. Offenders would face a fine equal to the value of the seized goods or up to one year in prison.
The main objective of this move is to ensure a stable supply for the domestic market. Many traders have been selling maize to neighboring West and Central African countries to take advantage of higher profits when converting their earnings back to the weaker naira, compared to the stronger CFA franc.
Official data indicate that Nigeria exports between 50,000 and 75,000 tons of maize annually, but observers believe these figures may underestimate the volume of unrecorded trade in the region.
The Senate's proposal, which still needs approval from President Tinubu, comes amid severe food insecurity affecting over 30 million Nigerians. The maize sector, which plays a critical role in the country's diet, is under growing pressure. The U.S. Department of Agriculture (USDA) forecasts Nigeria's maize production will reach 11 million tons in 2024-2025, marking the second consecutive year it will fall below 12 million tons, a level also seen in 2018/2019, according to Ecofin Agency.
Several factors are contributing to the decline in maize production. Rising insecurity in the northern "maize belt," which includes major maize-producing areas, has disrupted farming activities. The devaluation of the naira has also increased the cost of agricultural inputs, making it harder for farmers to invest in their fields. As a result, Nigeria’s maize yields are about half those of South Africa or Ethiopia.
With reduced production, the supply of maize will need to meet the growing demand for food, beverages, and livestock feed. The poultry industry alone already accounts for nearly 45% of maize consumption in Nigeria.
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
Uzbekistan and South Africa agreed to establish a bilateral Intergovernmental Commission on Trade and Economic Cooperation and a joint working...
Fourth Global Tourism Resilience Day, Conference and Expo held from February 16 to 18 in Nairobi Ministers, tourism authorities, researchers and...
IHS Towers apresenta-se como um dos maiores proprietários, operadores e desenvolvedores independentes de infraestruturas de telecomunicações partilhadas...
South Sudan delivered an initial cargo of about 600,000 barrels of Dar Blend crude to BB Energy under a $100 million prepayment deal. BB Energy...
“Dao” ranks among the three films in official competition at the 76th Berlinale and marks Alain Gomis’ second bid for the Golden Bear. The film...
Fort Jesus is a fortress located in Mombasa, on Kenya’s coastline, at the entrance to the natural harbor that long made the city a hub of trade in the...