Articles

Report Highlights: The Nigeria Senate passed the Biosafety Bill into law on June 1, 2011. However, one year after the President is yet to sign it into law. The law leans heavily on the precautionary approach and requires certification and mandatory labeling for imports of all products of biotechnolo [Read more]

Report Highlights: Although Nigeria dropped from the number one export destination in the world for U.S. wheat in MY2010/11 to third position this year, it remains the most consistent and loyal customer. Sales as of April1 are a record 3.5 million tons, up from 3.3 million tons last year. Consumptio [Read more]

Report Highlights: Nigeria depends almost exclusively on sugar imports in the form of brown sugar, largely imported from Brazil (98 percent) despite privatization of all government -owned sugar resources. The Nigerian sugar industry has been reinvigorated by privatization; however, production rem [Read more]

Report Highlights: The GON has announced plans to cut wheat imports by introducing a new policy compelling cassava flour inclusion in wheat flour. Part of their plan is to impose a levy of 15 percent on wheat grain imports, which will increase the effective duty from 5 percent to 20 percent. The gov [Read more]

Report Highlights: The Government of Nigeria’s (GON) attempt to remove its gasoline subsidy on the first day of year 2012 resulted in an industrial strike, severely crippling economic activity for the week that it lasted. After lengthy negotiations with organized labor, the GON was able to rem [Read more]

Report Highlights: Nigeria's grain production this year is up slightly from the average crop of 2010. Farmers increased average and rainfall patterns were near ideal for the growing season. The arrival of the new crop in the market has not brought any respite to poultry producers as grain prices [Read more]

Report Highlights: The Government of Nigeria (GON) has resolved to encourage domestic rice production by restricting rice imports to conserve foreign exchange. Rice importers now import rice from India following the recent reentry of that country into the non-basmati rice trade. Post: Lagos [Read more]

Report Highlights: Nigeria's retail food imports are estimated at $750 million in 2010 and projected to increase by 20 percent in 2011. Changing demographics and lifestyles are resulting in increasing consumer demand and preference for packaged retail foods. Domestic food processing is underdeve [Read more]

Report Highlights: Nigeria's agricultural development is constrained by the lack of access to credit for the predominantly smallholder farmers. Efforts by successive governments to address the problem have been largely unsuccessful. Commercial banks in the country perceive agricultural finance t [Read more]

Report Highlights: Nigeria's domestic production of soybeans is trending upwards, but still lags behind the rapidly growing demand from the poultry industry for soy meal and vegetable oil processors. This supply deficit resulted in the increase in the price of soybean meal within ten months, rea [Read more]