Nigeria’s Food Production to Rise by 48% in 2024

Organisers of the agrofood and plastprintpack Nigeria, Fairtrade and Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA) have stated that food production in the country is expected to hit 48 per cent representing €42.3billion in 2021 to €62.6bn in 2024.

The Senior Project Manager at Fairtrade, Ms. Freyja Detjen, at a pre-event stakeholders and media meet up to herald its 9th agro food and plastprintpack agrofood expo scheduled to hold from March 26 to 28 in Lagos, bemoaned that despite significant investments in local food production, Nigeria’s food imports totaled $6.9 billion in 2022, positioning the nation as one of Africa’s foremost food importers.

According to her, Nigeria’s food production has witnessed a remarkable surge of 39.6 per cent in recent years, rising from €26 billion in 2016 to €36.3 billion in 2020.

She, however, stated that with investments in food and packaging technology amounting to €363 million in 2022, Nigeria stands as Africa’s second-largest investor, trailing only South Africa with €381 million and leading Egypt with €319 million.