Nigeria expected to increase corn and wheat imports

from 6.25 mln tons last year. A temporary zero-duty import policy in 2024 made wheat more affordable and accessible in early 2025, boosting profit margins for many businesses, the FAS noted. A significant portion of Nigerian wheat millers prefer hard wheat flour, with about 70% of wheat flour used for bread production and the remainder for cakes, biscuits, and pastries. Bread demand remains steady despite price fluctuations, with noodles being the second most in-demand product, according to the FAS. The European Union holds a 45% share of Nigeria’s wheat import market. From January to June 2025, US wheat exports to Nigeria surged by 246%, reaching $139.5 million, compared to $40.3 million in the same period of 2024. The FAS attributes this rebound to competitive US pricing, a stable exchange rate, and an improved macroeconomic environment in Nigeria. Corn imports are projected to reach 0.26 mln tons, up from 0.125 mln tons in 2024-25, driven by a stabilizing exchange rate and ...